American Trust Investment Advisors LLC Makes New Investment in Banco Santander, S.A. (NYSE:SAN)

American Trust Investment Advisors LLC bought a new position in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 251,365 shares of the bank's stock, valued at approximately $1,146,000.

Several other hedge funds also recently made changes to their positions in SAN. Atria Investments Inc lifted its position in Banco Santander by 7.1% during the fourth quarter. Atria Investments Inc now owns 28,990 shares of the bank's stock worth $132,000 after purchasing an additional 1,917 shares during the period. WealthCollab LLC lifted its holdings in shares of Banco Santander by 35.1% during the 4th quarter. WealthCollab LLC now owns 7,801 shares of the bank's stock worth $36,000 after acquiring an additional 2,028 shares during the period. Principal Securities Inc. boosted its position in shares of Banco Santander by 13.4% during the 4th quarter. Principal Securities Inc. now owns 17,230 shares of the bank's stock worth $79,000 after acquiring an additional 2,032 shares in the last quarter. Riversedge Advisors LLC increased its stake in Banco Santander by 14.3% in the fourth quarter. Riversedge Advisors LLC now owns 17,220 shares of the bank's stock valued at $79,000 after acquiring an additional 2,148 shares during the last quarter. Finally, Kathmere Capital Management LLC raised its position in Banco Santander by 4.9% during the fourth quarter. Kathmere Capital Management LLC now owns 50,013 shares of the bank's stock valued at $228,000 after purchasing an additional 2,320 shares in the last quarter. 9.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

SAN has been the topic of several recent analyst reports. StockNews.com lowered Banco Santander from a "buy" rating to a "hold" rating in a research note on Monday. The Goldman Sachs Group cut Banco Santander from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods raised shares of Banco Santander from a "hold" rating to a "moderate buy" rating in a report on Monday, February 24th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy".

Banco Santander Price Performance

Shares of NYSE SAN traded up $0.05 during midday trading on Monday, reaching $7.19. 2,779,186 shares of the company were exchanged, compared to its average volume of 3,501,388. Banco Santander, S.A. has a one year low of $4.27 and a one year high of $7.46. The stock has a market cap of $108.87 billion, a P/E ratio of 8.66, a PEG ratio of 0.77 and a beta of 0.97. The company has a quick ratio of 0.23, a current ratio of 2.24 and a debt-to-equity ratio of 13.83. The stock's 50-day moving average price is $6.70 and its 200-day moving average price is $5.59.

Banco Santander (NYSE:SAN - Get Free Report) last issued its earnings results on Wednesday, April 30th. The bank reported $0.22 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.22. Banco Santander had a return on equity of 11.90% and a net margin of 15.88%. The business had revenue of $17.69 billion during the quarter, compared to analysts' expectations of $15.94 billion. On average, sell-side analysts anticipate that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Banco Santander Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 30th will be given a dividend of $0.1152 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This is an increase from Banco Santander's previous semi-annual dividend of $0.08. This represents a yield of 2.4%. Banco Santander's dividend payout ratio (DPR) is currently 18.39%.

Banco Santander 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.