Cetera Investment Advisers lifted its position in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 43.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,706 shares of the bank's stock after purchasing an additional 34,138 shares during the quarter. Cetera Investment Advisers' holdings in Banco Santander were worth $514,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the company. Lockheed Martin Investment Management Co. lifted its stake in shares of Banco Santander by 197.0% in the 4th quarter. Lockheed Martin Investment Management Co. now owns 557,390 shares of the bank's stock valued at $2,542,000 after purchasing an additional 369,700 shares during the period. Smartleaf Asset Management LLC increased its holdings in Banco Santander by 62.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 105,415 shares of the bank's stock worth $479,000 after acquiring an additional 40,438 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Banco Santander in the 4th quarter worth $3,319,000. Barclays PLC increased its holdings in Banco Santander by 284.9% in the 4th quarter. Barclays PLC now owns 670,513 shares of the bank's stock worth $3,057,000 after acquiring an additional 496,309 shares in the last quarter. Finally, Summit Global Investments increased its holdings in Banco Santander by 69.1% in the 4th quarter. Summit Global Investments now owns 227,478 shares of the bank's stock worth $1,037,000 after acquiring an additional 92,987 shares in the last quarter. 9.19% of the stock is owned by hedge funds and other institutional investors.
Banco Santander Trading Up 0.3%
Shares of SAN traded up $0.02 during mid-day trading on Friday, reaching $7.97. The stock had a trading volume of 2,663,671 shares, compared to its average volume of 3,709,594. The company has a debt-to-equity ratio of 13.83, a current ratio of 2.24 and a quick ratio of 0.23. Banco Santander, S.A. has a 52-week low of $4.27 and a 52-week high of $8.08. The business's fifty day moving average is $7.09 and its 200 day moving average is $5.96. The firm has a market cap of $120.77 billion, a price-to-earnings ratio of 9.60, a P/E/G ratio of 0.77 and a beta of 0.97.
Banco Santander (NYSE:SAN - Get Free Report) last announced 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. Banco Santander had a net margin of 15.88% and a return on equity of 11.90%. The firm had revenue of $17.69 billion during the quarter, compared to analyst estimates of $15.94 billion. On average, sell-side analysts predict that Banco Santander, S.A. will post 0.83 EPS 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 $0.1152 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a yield of 2.4%. This is a boost from Banco Santander's previous semi-annual dividend of $0.08. Banco Santander's dividend payout ratio is presently 20.69%.
Analyst Ratings Changes
Several brokerages recently commented on SAN. The Goldman Sachs Group lowered shares of Banco Santander from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 12th. Keefe, Bruyette & Woods raised shares of Banco Santander from a "hold" rating to a "moderate buy" rating in a report on Monday, February 24th. Finally, Wall Street Zen raised shares of Banco Santander from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy".
View Our Latest Stock Analysis on SAN
Banco Santander Profile
(
Free Report)
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.
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