Banco Santander, S.A. (NYSE:SAN) was the target of unusually large options trading on Wednesday. Stock traders acquired 2,024 put options on the stock. This represents an increase of 1,506% compared to the average daily volume of 126 put options.
Institutional investors have recently made changes to their positions in the company. Keybank National Association OH purchased a new position in shares of Banco Santander during the third quarter valued at $107,000. Rhumbline Advisers purchased a new position in shares of Banco Santander during the second quarter valued at $108,000. KCS Wealth Advisory purchased a new position in shares of Banco Santander during the fourth quarter valued at $109,000. Park Avenue Securities LLC purchased a new position in shares of Banco Santander during the third quarter valued at $132,000. Finally, Capital Wealth Planning LLC purchased a new position in shares of Banco Santander during the third quarter valued at $139,000. Hedge funds and other institutional investors own 1.25% of the company’s stock.
Shares of Banco Santander (NYSE SAN) opened at $7.55 on Monday. Banco Santander has a 52-week low of $5.24 and a 52-week high of $7.57. The firm has a market capitalization of $121,380.00, a price-to-earnings ratio of 13.25, a PEG ratio of 1.46 and a beta of 1.40. The company has a debt-to-equity ratio of 3.88, a quick ratio of 1.38 and a current ratio of 1.38.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 8th. Stockholders of record on Wednesday, January 31st will be paid a dividend of $0.0722 per share. The ex-dividend date is Tuesday, January 30th. This represents a $0.29 annualized dividend and a dividend yield of 3.83%. This is a positive change from Banco Santander’s previous quarterly dividend of $0.07. Banco Santander’s dividend payout ratio (DPR) is currently 17.54%.
Several research firms have recently weighed in on SAN. Zacks Investment Research upgraded Banco Santander from a “hold” rating to a “buy” rating and set a $7.75 target price for the company in a research report on Wednesday, October 4th. Goldman Sachs Group upgraded Banco Santander from a “neutral” rating to a “buy” rating and set a $6.20 target price for the company in a research report on Friday, November 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. Banco Santander has an average rating of “Buy” and a consensus target price of $13.15.
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About Banco Santander
Banco Santander, SA is a retail and commercial bank. The Banks segments include Continental Europe, the United Kingdom, Latin America and the United States. The Continental Europe segment covers all businesses in the Continental Europe. The United Kingdom segment includes the businesses developed by various units and branches in the country.
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