Raymond James Financial Inc. purchased a new stake in Banco Santander, S.A. (NYSE:SAN - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 727,838 shares of the bank's stock, valued at approximately $3,319,000.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Lockheed Martin Investment Management Co. grew 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 purchasing an additional 369,700 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Banco Santander by 111.8% during the third quarter. BNP Paribas Financial Markets now owns 706,184 shares of the bank's stock worth $3,602,000 after buying an additional 372,690 shares in the last quarter. FMR LLC increased its holdings in Banco Santander by 33.9% in the 3rd quarter. FMR LLC now owns 20,893,727 shares of the bank's stock valued at $106,558,000 after buying an additional 5,290,236 shares during the period. HighTower Advisors LLC raised its position 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 valued at $1,757,000 after buying an additional 203,322 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings 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 worth $479,000 after acquiring an additional 40,438 shares during the period. Institutional investors own 9.19% of the company's stock.
Analysts Set New Price Targets
Several research analysts have commented on the stock. StockNews.com upgraded shares of Banco Santander from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. The Goldman Sachs Group cut Banco Santander from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods raised Banco Santander from a "hold" rating to a "moderate buy" rating in a research note on Monday, February 24th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy".
Get Our Latest Stock Report on SAN
Banco Santander Price Performance
Shares of NYSE:SAN traded down $0.09 during trading on Monday, hitting $6.71. 4,442,248 shares of the company were exchanged, compared to its average volume of 3,229,354. Banco Santander, S.A. has a 1-year low of $4.27 and a 1-year high of $7.16. The company has a market capitalization of $101.60 billion, a P/E ratio of 8.08, a price-to-earnings-growth ratio of 0.77 and a beta of 1.09. The company has a quick ratio of 0.23, a current ratio of 2.24 and a debt-to-equity ratio of 13.83. The business's 50 day moving average is $6.11 and its 200-day moving average is $5.27.
Banco Santander (NYSE:SAN - Get Free Report) last issued its 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%. Equities analysts forecast that Banco Santander, S.A. will post 0.83 earnings per share for the current year.
Banco Santander Increases Dividend
The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.1152 per share. This represents a yield of 2.4%. This is a positive change from Banco Santander's previous semi-annual dividend of $0.08. The ex-dividend date is Wednesday, April 30th. Banco Santander's payout ratio is presently 19.28%.
Banco Santander Profile
(
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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