Investors Research Corp lessened its position in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 96.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,970 shares of the bank's stock after selling 143,596 shares during the quarter. Investors Research Corp's holdings in Banco Santander were worth $40,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Atria Investments Inc increased its holdings in Banco Santander by 7.1% in the 4th quarter. Atria Investments Inc now owns 28,990 shares of the bank's stock valued at $132,000 after buying an additional 1,917 shares during the period. WealthCollab LLC raised its position in 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 in the last quarter. Principal Securities Inc. lifted its stake in Banco Santander by 13.4% during the fourth quarter. Principal Securities Inc. now owns 17,230 shares of the bank's stock worth $79,000 after purchasing an additional 2,032 shares during the period. OLD National Bancorp IN grew its stake in shares of Banco Santander by 7.6% in the 4th quarter. OLD National Bancorp IN now owns 33,952 shares of the bank's stock valued at $155,000 after purchasing an additional 2,392 shares during the period. Finally, Huntington National Bank raised its holdings in shares of Banco Santander by 14.0% in the 4th quarter. Huntington National Bank now owns 19,459 shares of the bank's stock worth $89,000 after buying an additional 2,393 shares in the last quarter. 9.19% of the stock is currently owned by institutional investors.
Banco Santander Price Performance
Banco Santander stock traded down $0.12 on Tuesday, reaching $7.91. The company's stock had a trading volume of 4,132,191 shares, compared to its average volume of 3,715,008. Banco Santander, S.A. has a twelve month low of $4.27 and a twelve month high of $8.08. The company has a market cap of $119.78 billion, a price-to-earnings ratio of 9.52, a PEG 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. The business's fifty day moving average price is $7.11 and its 200 day moving average price is $5.99.
Banco Santander (NYSE:SAN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The bank reported $0.22 earnings per share for the quarter, hitting the consensus estimate 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%. Equities analysts expect 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 was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 30th were issued a dividend of $0.1152 per share. This represents a yield of 2.4%. The ex-dividend date was Wednesday, April 30th. This is a positive change from Banco Santander's previous semi-annual dividend of $0.08. Banco Santander's payout ratio is currently 20.69%.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on SAN. The Goldman Sachs Group cut Banco Santander from a "strong-buy" rating to a "hold" rating in a research 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 research note 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. Based on data from MarketBeat.com, Banco Santander currently has an average rating of "Buy".
Check Out Our Latest Report on Banco Santander
About Banco Santander
(
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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