Orion Porfolio Solutions LLC Raises Stock Holdings in Banco Santander, S.A. $SAN

Key Points

• Orion Portfolio Solutions LLC increased its stake in Banco Santander by 102.9% in Q3, owning 737,924 shares after buying an additional 374,167 shares, valued at about $7.73 million.
• Other institutions also adjusted positions—AQR raised its holding 77.4% and Acadian opened a new stake—and hedge funds/institutional investors collectively own roughly 9.19% of the stock.
• Analysts' consensus is a Moderate Buy (1 Strong Buy, 4 Buy, 3 Hold, 1 Sell), and Banco Santander announced a dividend of $0.1473 per share payable May 8 with record/ex-div dates on May 4.

Orion Porfolio Solutions LLC raised its holdings in Banco Santander, S.A. (NYSE:SAN - Free Report) by 102.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 737,924 shares of the bank's stock after purchasing an additional 374,167 shares during the quarter. Orion Porfolio Solutions LLC's holdings in Banco Santander were worth $7,733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. AQR Capital Management LLC raised its position in Banco Santander by 77.4% in the first quarter. AQR Capital Management LLC now owns 419,635 shares of the bank's stock worth $2,812,000 after acquiring an additional 183,051 shares during the period. Integrated Wealth Concepts LLC grew its position in shares of Banco Santander by 3.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 71,990 shares of the bank's stock valued at $482,000 after acquiring an additional 2,566 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Banco Santander by 271.2% during the 1st quarter. Jones Financial Companies Lllp now owns 10,276 shares of the bank's stock worth $69,000 after purchasing an additional 7,508 shares during the last quarter. Focus Partners Wealth raised its holdings in shares of Banco Santander by 65.3% in the 1st quarter. Focus Partners Wealth now owns 71,169 shares of the bank's stock worth $477,000 after purchasing an additional 28,107 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in shares of Banco Santander in the 1st quarter worth approximately $601,000. 9.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SAN has been the subject of a number of recent research reports. Royal Bank Of Canada raised Banco Santander from a "sector perform" rating to an "outperform" rating in a research report on Monday, February 23rd. Zacks Research downgraded Banco Santander from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 18th. Kepler Capital Markets upgraded Banco Santander from a "hold" rating to a "buy" rating in a research note on Tuesday, January 13th. Wall Street Zen raised shares of Banco Santander from a "hold" rating to a "buy" rating in a report on Saturday, February 7th. Finally, DZ Bank downgraded shares of Banco Santander from a "strong-buy" rating to a "hold" rating in a research note on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy".

Banco Santander Price Performance

Shares of NYSE SAN opened at $11.07 on Friday. The stock has a fifty day moving average of $12.23 and a 200-day moving average of $11.00. The stock has a market cap of $164.78 billion, a PE ratio of 10.96, a price-to-earnings-growth ratio of 0.68 and a beta of 0.71. The company has a debt-to-equity ratio of 3.15, a quick ratio of 0.25 and a current ratio of 0.33. Banco Santander, S.A. has a fifty-two week low of $5.54 and a fifty-two week high of $13.24.

Banco Santander (NYSE:SAN - Get Free Report) last issued its earnings results on Tuesday, February 3rd. The bank reported $0.28 EPS for the quarter, topping the consensus estimate of $0.24 by $0.04. Banco Santander had a return on equity of 12.14% and a net margin of 18.85%.The business had revenue of $18.90 billion during the quarter, compared to the consensus estimate of $15.89 billion. Equities research analysts anticipate that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Banco Santander Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 8th. Investors of record on Monday, May 4th will be paid a dividend of $0.1473 per share. The ex-dividend date of this dividend is Monday, May 4th. This represents a yield of 254.0%. Banco Santander's dividend payout ratio (DPR) is currently 18.81%.

Banco Santander Profile

Banco Santander, SA NYSE: SAN is a Spanish multinational banking group headquartered in Santander, Spain. Founded in 1857, the bank has grown from a regional institution into one of Europe's largest banking groups, operating a diversified financial services platform that serves retail, small and medium-sized enterprises, and large corporate clients. Santander is publicly listed in Spain and maintains American Depositary Receipts on the New York Stock Exchange under the ticker SAN.

The group's core activities include retail and commercial banking—offering deposit accounts, payment services, mortgages, personal and auto loans, and small business financing—alongside corporate and investment banking services for larger institutional clients.

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