RWA Wealth Partners LLC Acquires 39,517 Shares of Banco Santander, S.A. (NYSE:SAN)

RWA Wealth Partners LLC raised its holdings in Banco Santander, S.A. (NYSE:SAN - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,736,063 shares of the bank's stock after purchasing an additional 39,517 shares during the quarter. RWA Wealth Partners LLC's holdings in Banco Santander were worth $7,916,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Larson Financial Group LLC boosted its position in shares of Banco Santander by 2,226.3% in 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 in the last quarter. R Squared Ltd purchased a new stake in shares of Banco Santander during the 4th quarter valued at $27,000. Sierra Ocean LLC acquired a new position in Banco Santander in the fourth quarter valued at $32,000. Advisors Preferred LLC purchased a new position in shares of Banco Santander in the 4th quarter worth about $37,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Banco Santander in the 3rd quarter valued at about $45,000. Hedge funds and other institutional investors own 9.19% of the company's stock.

Banco Santander Price Performance

Shares of SAN traded down $0.20 during midday trading on Thursday, reaching $6.65. The stock had a trading volume of 2,550,920 shares, compared to its average volume of 4,877,063. The firm's 50 day moving average price is $6.19 and its 200-day moving average price is $5.30. The company has a market capitalization of $100.76 billion, a P/E ratio of 8.01, a P/E/G ratio of 0.77 and a beta of 1.09. The company has a debt-to-equity ratio of 13.83, a current ratio of 2.24 and a quick ratio of 0.23. Banco Santander, S.A. has a 52 week low of $4.27 and a 52 week high of $7.16.

Banco Santander (NYSE:SAN - Get Free Report) last issued its earnings results on Wednesday, February 5th. The bank reported $0.21 earnings per share 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%. On average, analysts forecast that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Banco Santander Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 30th will be paid a $0.1152 dividend. This represents a dividend yield of 2.4%. This is an increase from Banco Santander's previous semi-annual dividend of $0.08. The ex-dividend date is Wednesday, April 30th. Banco Santander's dividend payout ratio (DPR) is presently 19.28%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SAN. The Goldman Sachs Group downgraded Banco Santander from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 12th. StockNews.com raised shares of Banco Santander from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Finally, Keefe, Bruyette & Woods upgraded Banco Santander from a "hold" rating to a "moderate buy" rating in a research report on Monday, February 24th. One 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 company's stock. According to data from MarketBeat, Banco Santander currently has an average rating of "Buy".

Banco Santander Company 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.