Bank of America Corp DE Grows Holdings in Banco Santander, S.A. (NYSE:SAN)

Bank of America Corp DE lifted its holdings in Banco Santander, S.A. (NYSE:SAN - Free Report) by 19.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,655,351 shares of the bank's stock after acquiring an additional 440,676 shares during the period. Bank of America Corp DE's holdings in Banco Santander were worth $12,108,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SAN. Larson Financial Group LLC increased its stake in Banco Santander by 2,226.3% during the 4th quarter. Larson Financial Group LLC now owns 5,839 shares of the bank's stock valued at $27,000 after buying an additional 5,588 shares during the period. R Squared Ltd purchased a new stake in shares of Banco Santander during the 4th quarter worth about $27,000. Sierra Ocean LLC bought a new stake in Banco Santander during the fourth quarter worth approximately $32,000. WealthCollab LLC increased its stake in shares of Banco Santander by 35.1% in the fourth quarter. WealthCollab LLC now owns 7,801 shares of the bank's stock worth $36,000 after purchasing an additional 2,028 shares during the period. Finally, Advisors Preferred LLC acquired a new position in Banco Santander during the 4th quarter valued at $37,000. Institutional investors and hedge funds own 9.19% of the company's stock.

Banco Santander Trading Down 1.1%

Shares of SAN stock traded down $0.09 on Wednesday, hitting $7.97. The company had a trading volume of 528,820 shares, compared to its average volume of 3,690,509. Banco Santander, S.A. has a twelve month low of $4.27 and a twelve month high of $8.08. The stock's 50-day moving average is $7.03 and its two-hundred day moving average is $5.89. The firm has a market cap of $120.69 billion, a P/E ratio of 9.60, a P/E/G ratio of 0.77 and a beta of 0.97. The company has a debt-to-equity ratio of 13.83, a quick ratio of 0.23 and a current ratio of 2.24.

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

Banco Santander Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 30th were given a dividend of $0.1152 per share. The ex-dividend date was Wednesday, April 30th. This is a positive change from Banco Santander's previous semi-annual dividend of $0.08. This represents a yield of 2.4%. Banco Santander's payout ratio is presently 20.69%.

Analyst Ratings Changes

Several brokerages have recently commented on SAN. Keefe, Bruyette & Woods raised Banco Santander from a "hold" rating to a "moderate buy" rating in a report on Monday, February 24th. Wall Street Zen raised shares of Banco Santander from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Finally, The Goldman Sachs Group cut Banco Santander from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 12th. One research analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy".

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.