JPMorgan Chase & Co. lowered its position in Banco Santander, S.A. (NYSE:SAN - Free Report) by 37.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,048,737 shares of the bank's stock after selling 1,252,974 shares during the quarter. JPMorgan Chase & Co.'s holdings in Banco Santander were worth $9,342,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Lockheed Martin Investment Management Co. raised its stake in shares of Banco Santander by 197.0% during the fourth quarter. Lockheed Martin Investment Management Co. now owns 557,390 shares of the bank's stock valued at $2,542,000 after purchasing an additional 369,700 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Banco Santander by 62.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 105,415 shares of the bank's stock worth $479,000 after buying an additional 40,438 shares in the last quarter. Raymond James Financial Inc. bought a new position in Banco Santander during the fourth quarter valued at about $3,319,000. Public Employees Retirement System of Ohio acquired a new position in Banco Santander during the third quarter worth about $647,000. Finally, Summit Global Investments grew its stake in shares of Banco Santander by 69.1% in the 4th quarter. Summit Global Investments now owns 227,478 shares of the bank's stock worth $1,037,000 after purchasing an additional 92,987 shares during the last quarter. 9.19% of the stock is owned by institutional investors.
Banco Santander Stock Up 0.5 %
SAN stock traded up $0.04 during mid-day trading on Friday, hitting $6.73. The stock had a trading volume of 4,825,902 shares, compared to its average volume of 3,508,533. The stock has a market capitalization of $101.90 billion, a price-to-earnings ratio of 8.10, 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 1-year low of $4.27 and a 1-year high of $7.16. The company has a fifty day moving average of $6.47 and a 200 day moving average of $5.42.
Banco Santander (NYSE:SAN - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The bank reported $0.21 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%. On average, equities 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 announced a semi-annual dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 30th will be issued a $0.1152 dividend. This represents a yield of 2.4%. 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. Banco Santander's dividend payout ratio (DPR) is 19.28%.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on SAN shares. The Goldman Sachs Group lowered Banco Santander from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 12th. StockNews.com upgraded Banco Santander from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Finally, 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. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy".
Get Our Latest Stock Analysis on Banco Santander
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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