Everstar Asset Management LLC bought a new position in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 67,652 shares of the bank's stock, valued at approximately $308,000.
Several other institutional investors also recently bought and sold shares of the stock. Lockheed Martin Investment Management Co. raised its holdings in shares of Banco Santander by 197.0% during the 4th quarter. Lockheed Martin Investment Management Co. now owns 557,390 shares of the bank's stock worth $2,542,000 after acquiring an additional 369,700 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Banco Santander by 111.8% during the third quarter. BNP Paribas Financial Markets now owns 706,184 shares of the bank's stock valued at $3,602,000 after purchasing an additional 372,690 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of Banco Santander by 143.0% in the 3rd quarter. HighTower Advisors LLC now owns 345,524 shares of the bank's stock worth $1,757,000 after buying an additional 203,322 shares in the last quarter. FMR LLC increased its holdings in shares of Banco Santander by 33.9% in the 3rd quarter. FMR LLC now owns 20,893,727 shares of the bank's stock worth $106,558,000 after buying an additional 5,290,236 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Banco Santander by 62.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 105,415 shares of the bank's stock valued at $479,000 after buying an additional 40,438 shares in the last quarter. 9.19% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research firms recently commented on SAN. The Goldman Sachs Group lowered Banco Santander from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods upgraded Banco Santander from a "hold" rating to a "moderate buy" rating in a report on Monday, February 24th. Finally, StockNews.com upgraded Banco Santander from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. One analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Banco Santander currently has an average rating of "Buy".
Read Our Latest Research Report on Banco Santander
Banco Santander Stock Down 10.6 %
Shares of NYSE:SAN traded down $0.70 on Friday, reaching $5.88. The company had a trading volume of 12,449,399 shares, compared to its average volume of 3,290,987. The firm has a market capitalization of $89.02 billion, a PE ratio of 7.08, a PEG ratio of 0.77 and a beta of 0.81. The company has a current ratio of 2.24, a quick ratio of 0.23 and a debt-to-equity ratio of 13.83. Banco Santander, S.A. has a 52-week low of $4.27 and a 52-week high of $7.16. The firm's 50 day simple moving average is $6.23 and its 200-day simple moving average is $5.31.
Banco Santander (NYSE:SAN - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The bank reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. Banco Santander had a net margin of 15.88% and a return on equity of 11.90%. As a group, 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 will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 30th will be given a dividend of $0.1152 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This is an increase from Banco Santander's previous semi-annual dividend of $0.08. This represents a yield of 2.4%. Banco Santander's payout ratio is currently 19.28%.
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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