RWA Wealth Partners LLC Buys Shares of 820,499 Banco Santander, S.A. (NYSE:SAN)

RWA Wealth Partners LLC bought a new position in Banco Santander, S.A. (NYSE:SAN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 820,499 shares of the bank's stock, valued at approximately $3,397,000.

Several other institutional investors have also recently made changes to their positions in the company. OLD National Bancorp IN raised its position in shares of Banco Santander by 7.2% in the 4th quarter. OLD National Bancorp IN now owns 40,521 shares of the bank's stock worth $168,000 after acquiring an additional 2,739 shares in the last quarter. CWM LLC raised its stake in Banco Santander by 10.4% during the fourth quarter. CWM LLC now owns 30,757 shares of the bank's stock valued at $127,000 after buying an additional 2,896 shares during the last quarter. Signaturefd LLC raised its stake in Banco Santander by 18.2% during the fourth quarter. Signaturefd LLC now owns 243,430 shares of the bank's stock valued at $1,008,000 after buying an additional 37,418 shares during the last quarter. Lindbrook Capital LLC raised its stake in Banco Santander by 24.9% during the fourth quarter. Lindbrook Capital LLC now owns 34,437 shares of the bank's stock valued at $143,000 after buying an additional 6,862 shares during the last quarter. Finally, Evolution Wealth Advisors LLC raised its stake in Banco Santander by 135.2% during the fourth quarter. Evolution Wealth Advisors LLC now owns 54,742 shares of the bank's stock valued at $227,000 after buying an additional 31,470 shares during the last quarter. Institutional investors own 9.19% of the company's stock.

Banco Santander Stock Up 2.8 %

NYSE:SAN traded up $0.13 during trading hours on Tuesday, reaching $5.00. 11,156,515 shares of the company traded hands, compared to its average volume of 3,217,581. The business's 50-day moving average price is $4.48 and its two-hundred day moving average price is $4.15. The stock has a market capitalization of $79.05 billion, a P/E ratio of 7.14, a P/E/G ratio of 0.46 and a beta of 1.22. Banco Santander, S.A. has a 1 year low of $3.20 and a 1 year high of $5.05. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 4.24.

Banco Santander (NYSE:SAN - Get Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The bank reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. Banco Santander had a return on equity of 10.82% and a net margin of 19.29%. The firm had revenue of $15.67 billion during the quarter. During the same quarter in the prior year, the firm earned $0.14 EPS. Analysts predict that Banco Santander, S.A. will post 0.8 earnings per share for the current year.

Banco Santander Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Tuesday, April 30th will be paid a $0.1027 dividend. The ex-dividend date is Monday, April 29th. This represents a dividend yield of 3.2%. This is a boost from Banco Santander's previous semi-annual dividend of $0.09. Banco Santander's payout ratio is currently 17.14%.

Wall Street Analysts Forecast Growth

Separately, Barclays upgraded Banco Santander from an "equal weight" rating to an "overweight" rating in a research note on Monday, March 25th.

Banco Santander Company 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.