Point72 Asset Management L.P. Has $2.97 Million Stock Position in Banco Santander, S.A. (NYSE:SAN)

Point72 Asset Management L.P. lessened its stake in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 6.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 650,884 shares of the bank's stock after selling 41,491 shares during the quarter. Point72 Asset Management L.P.'s holdings in Banco Santander were worth $2,968,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SAN. Larson Financial Group LLC boosted its position in shares of 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 purchasing an additional 5,588 shares in the last quarter. R Squared Ltd acquired a new position in Banco Santander in the fourth quarter worth approximately $27,000. Sierra Ocean LLC bought a new position in shares of Banco Santander in the fourth quarter valued at $32,000. WealthCollab LLC lifted its position in shares of Banco Santander by 35.1% during the 4th quarter. WealthCollab LLC now owns 7,801 shares of the bank's stock valued at $36,000 after acquiring an additional 2,028 shares during the last quarter. Finally, Advisors Preferred LLC acquired a new position in shares of Banco Santander in the 4th quarter worth $37,000. Institutional investors own 9.19% of the company's stock.

Analyst Ratings Changes

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

Banco Santander Stock Down 0.3%

SAN traded down $0.02 on Monday, reaching $7.92. 3,241,503 shares of the company traded hands, compared to its average volume of 3,704,141. The company has a market cap of $120.01 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 0.77 and a beta of 0.97. The company has a debt-to-equity ratio of 13.83, a current ratio of 2.24 and a quick ratio of 0.23. The stock's 50 day moving average price is $6.99 and its 200-day moving average price is $5.85. Banco Santander, S.A. has a 52-week low of $4.27 and a 52-week high of $8.03.

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, hitting the consensus estimate 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 analyst estimates of $15.94 billion. On average, sell-side analysts expect that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Banco Santander Increases Dividend

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

About Banco Santander

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.