Horizon Kinetics Asset Management LLC Raises Stock Holdings in Banco Santander, S.A. (NYSE:SAN)

Horizon Kinetics Asset Management LLC raised its stake in Banco Santander, S.A. (NYSE:SAN) by 467.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 235,177 shares of the bank’s stock after purchasing an additional 193,767 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in Banco Santander were worth $1,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Rothschild Investment LLC bought a new position in shares of Banco Santander during the 2nd quarter worth approximately $33,000. Planned Solutions Inc. purchased a new position in Banco Santander in the second quarter worth $47,000. AE Wealth Management LLC acquired a new position in shares of Banco Santander during the second quarter worth $50,000. Brookstone Capital Management purchased a new stake in shares of Banco Santander during the 3rd quarter valued at $54,000. Finally, Joel Isaacson & Co. LLC acquired a new stake in shares of Banco Santander in the 3rd quarter worth $55,000. 9.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. StockNews.com cut Banco Santander from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. UBS Group raised shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 4th.

Banco Santander Price Performance

Shares of SAN opened at $4.64 on Tuesday. The company has a debt-to-equity ratio of 3.08, a current ratio of 0.33 and a quick ratio of 0.23. The company’s fifty day moving average price is $4.92 and its 200-day moving average price is $4.87. Banco Santander, S.A. has a 1-year low of $3.83 and a 1-year high of $5.27. The firm has a market capitalization of $73.43 billion, a PE ratio of 5.80, a price-to-earnings-growth ratio of 0.43 and a beta of 1.14.

Banco Santander Cuts Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 6th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.08 per share. The ex-dividend date was Thursday, October 31st. This represents a yield of 3%. Banco Santander’s payout ratio is presently 20.00%.

Banco Santander Company Profile

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.