OLD Mission Capital LLC Purchases 176,853 Shares of Banco Santander, S.A. (NYSE:SAN)

OLD Mission Capital LLC boosted its stake in Banco Santander, S.A. (NYSE:SAN - Free Report) by 41.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 606,345 shares of the bank's stock after purchasing an additional 176,853 shares during the quarter. OLD Mission Capital LLC's holdings in Banco Santander were worth $2,765,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. National Bank of Canada FI increased its stake in Banco Santander by 72.7% in the 4th quarter. National Bank of Canada FI now owns 60,828 shares of the bank's stock worth $277,000 after acquiring an additional 25,601 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Banco Santander by 21.3% in the fourth quarter. Franklin Resources Inc. now owns 55,005 shares of the bank's stock valued at $251,000 after purchasing an additional 9,649 shares in the last quarter. Summit Financial LLC bought a new stake in Banco Santander in the fourth quarter worth $82,000. Alliancebernstein L.P. purchased a new stake in Banco Santander during the fourth quarter valued at $63,000. Finally, Everstar Asset Management LLC bought a new position in Banco Santander during the fourth quarter valued at $308,000. 9.19% of the stock is owned by institutional investors.

Banco Santander Trading Down 10.6 %

Shares of SAN stock traded down $0.70 during trading hours on Friday, reaching $5.88. 12,449,399 shares of the stock were exchanged, compared to its average volume of 3,292,526. 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 firm has a market capitalization of $89.02 billion, a price-to-earnings ratio of 7.08, a price-to-earnings-growth ratio of 0.77 and a beta of 0.81. Banco Santander, S.A. has a 12-month low of $4.27 and a 12-month high of $7.16. The company's 50-day moving average price is $6.22 and its 200-day moving average price is $5.31.

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Banco Santander (NYSE:SAN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The bank reported $0.21 earnings per share (EPS) for the quarter, hitting 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, equities analysts anticipate that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Banco Santander Increases Dividend

The business also recently disclosed 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 represents a yield of 2.4%. This is a boost from Banco Santander's previous semi-annual dividend of $0.08. The ex-dividend date of this dividend is Wednesday, April 30th. Banco Santander's payout ratio is 19.28%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SAN. Keefe, Bruyette & Woods upgraded shares of Banco Santander from a "hold" rating to a "moderate buy" rating in a report on Monday, February 24th. The Goldman Sachs Group cut Banco Santander from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 12th. Finally, StockNews.com upgraded Banco Santander from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Banco Santander presently has an average rating of "Buy".

Banco Santander 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.