Raymond James Financial Inc. acquired a new position in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 727,838 shares of the bank's stock, valued at approximately $3,319,000.
Other large investors also recently modified their holdings of the company. Larson Financial Group LLC grew its position in shares of Banco Santander by 2,226.3% during the 4th quarter. Larson Financial Group LLC now owns 5,839 shares of the bank's stock worth $27,000 after buying an additional 5,588 shares during the period. R Squared Ltd acquired a new stake in Banco Santander in the 4th quarter valued at $27,000. Sierra Ocean LLC acquired a new stake in Banco Santander in the 4th quarter valued at $32,000. Advisors Preferred LLC acquired a new stake in Banco Santander in the 4th quarter valued at $37,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Banco Santander in the 3rd quarter valued at $45,000. Institutional investors and hedge funds own 9.19% of the company's stock.
Analysts Set New Price Targets
SAN has been the subject of several research reports. The Goldman Sachs Group downgraded shares of Banco Santander from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th. 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. Finally, StockNews.com upgraded shares of Banco Santander from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. One 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's stock. According to MarketBeat, the stock has an average rating of "Buy".
View Our Latest Stock Report on Banco Santander
Banco Santander Trading Up 2.0 %
Shares of SAN stock opened at $7.25 on Monday. Banco Santander, S.A. has a 52-week low of $4.27 and a 52-week high of $7.26. The company has a debt-to-equity ratio of 13.83, a quick ratio of 0.23 and a current ratio of 2.24. The company has a 50-day simple moving average of $6.57 and a two-hundred day simple moving average of $5.49. The company has a market capitalization of $109.86 billion, a price-to-earnings ratio of 8.74, a PEG ratio of 0.77 and a beta of 0.81.
Banco Santander (NYSE:SAN - Get Free Report) last issued its quarterly earnings data 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 net margin of 15.88% and a return on equity of 11.90%. Research analysts anticipate that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.
Banco Santander Increases Dividend
The business also recently announced a semi-annual dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.1152 per share. This is an increase from Banco Santander's previous semi-annual dividend of $0.08. This represents a dividend yield of 2.4%. The ex-dividend date is Wednesday, April 30th. Banco Santander's dividend 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.
See Also
Want to see what other hedge funds are holding SAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Banco Santander, S.A. (NYSE:SAN - Free Report).
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