Charles Schwab Investment Management Inc. raised its position in Banco Santander, S.A. (NYSE:SAN - Free Report) by 10.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,135,377 shares of the bank's stock after buying an additional 110,821 shares during the period. Charles Schwab Investment Management Inc.'s holdings in Banco Santander were worth $5,177,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in SAN. Lockheed Martin Investment Management Co. boosted its position in Banco Santander by 197.0% during the fourth 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 during the last quarter. BNP Paribas Financial Markets grew its position in shares of Banco Santander by 111.8% in 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 in the last quarter. FMR LLC increased its holdings in shares of Banco Santander by 33.9% in the third quarter. FMR LLC now owns 20,893,727 shares of the bank's stock valued at $106,558,000 after purchasing an additional 5,290,236 shares during the last quarter. HighTower Advisors LLC boosted its stake in Banco Santander by 143.0% during the third 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 during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Banco Santander by 62.2% in 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. Institutional investors and hedge funds own 9.19% of the company's stock.
Banco Santander Trading Down 1.7 %
NYSE SAN traded down $0.12 during trading hours on Friday, reaching $6.82. The company had a trading volume of 2,541,247 shares, compared to its average volume of 3,211,580. The company has a current ratio of 2.24, a quick ratio of 0.23 and a debt-to-equity ratio of 13.83. The stock has a market capitalization of $103.26 billion, a P/E ratio of 8.21, a price-to-earnings-growth ratio of 0.77 and a beta of 1.09. The stock has a 50-day moving average of $6.04 and a 200 day moving average of $5.24. Banco Santander, S.A. has a 1-year low of $4.27 and a 1-year high of $7.16.
Banco Santander (NYSE:SAN - Get Free Report) last announced its earnings results on Wednesday, February 5th. The bank reported $0.21 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.21. Banco Santander had a return on equity of 11.90% and a net margin of 15.88%. As a group, research analysts anticipate that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.
Banco Santander Increases Dividend
The company also recently announced a semi-annual dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 30th will be given a $0.1152 dividend. This is an increase from Banco Santander's previous semi-annual dividend of $0.08. This represents a yield of 2.4%. The ex-dividend date is Wednesday, April 30th. Banco Santander's payout ratio is currently 19.28%.
Analyst Ratings Changes
Several brokerages have recently weighed in on SAN. Keefe, Bruyette & Woods raised shares of Banco Santander from a "hold" rating to a "moderate buy" rating in a research report on Monday, February 24th. StockNews.com upgraded shares of Banco Santander from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Finally, The Goldman Sachs Group lowered shares of Banco Santander from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th. One equities research 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 company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy".
Get Our Latest Analysis on Banco Santander
Banco Santander Profile
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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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