Wolverine Trading LLC Reduces Its Stake in Banco Santander, S.A.

Wolverine Trading LLC has significantly decreased its investment in Banco Santander, S.A. (NYSE: SAN) by 73.3% during the third quarter, as reported in its latest filing with the Securities and Exchange Commission. Following the sale of 30,905 shares, the fund now holds 11,275 shares of the bank's stock, with a total value of approximately $58,000.

In addition to Wolverine Trading LLC, several other institutional investors have made changes to their positions in Banco Santander. For instance, FMR LLC increased its holdings by 33.9% during the third quarter, bringing its total ownership to 20,893,727 shares, valued at $106,558,000 after adding 5,290,236 shares. Chevy Chase Trust Holdings LLC also entered the scene by acquiring a new stake valued at about $22,500,000. Similarly, Fisher Asset Management LLC raised its position by 1.4%, now owning 143,585,152 shares worth $732,284,000 with an additional purchase of 2,011,150 shares. Point72 Asset Management L.P. also secured a new stake valued at approximately $3,531,000. Lastly, BNP Paribas Financial Markets boosted its holdings by 111.8%, holding 706,184 shares valued at $3,602,000 after acquiring an extra 372,690 shares. Collectively, institutional investors and hedge funds own 9.19% of Banco Santander's stock.

Banco Santander Stock Performance

Banco Santander's shares opened at $4.68 on Wednesday, showing a 12-month low of $3.83 and a high of $5.27 over the same period. The company's market capitalization is approximately $73.98 billion, with a price-to-earnings (P/E) ratio of 5.84, a price-to-earnings growth (PEG) ratio of 0.46, and a beta value of 1.12. The stock's 50-day moving average stands at $4.84, while the 200-day moving average is $4.83. Other metrics include a current ratio of 0.33, a quick ratio of 0.23, and a debt-to-equity ratio of 3.08.

Dividend Announcement

Banco Santander has recently declared a semi-annual dividend, which was paid on November 6th. Shareholders who were on record as of October 31st received a dividend of $0.08 per share, reflecting a yield of 3%. The ex-dividend date was also set for October 31st. The company’s current dividend payout ratio (DPR) is noted to be 18.75%.

Analysts' Ratings Updates

Several brokerages have provided updates regarding Banco Santander. Morgan Stanley upgraded the company’s shares from an “equal weight” rating to an “overweight” rating in a report on November 26th. Similarly, UBS Group elevated its rating from “hold” to “strong-buy” on September 4th. Additionally, StockNews.com raised its rating from “hold” to “buy” on November 28th.

About Banco Santander

Banco Santander, S.A. offers a wide range of financial services across the globe. Its operations are divided into several segments, including Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and the PagoNxt segment. The bank provides services such as demand and time deposits, mutual funds, savings accounts, various loan solutions, project finance, and corporate finance services.

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