Summit Global Investments increased its stake in Banco Santander, S.A. (NYSE:SAN - Free Report) by 69.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 227,478 shares of the bank's stock after acquiring an additional 92,987 shares during the period. Summit Global Investments' holdings in Banco Santander were worth $1,037,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of SAN. HUB Investment Partners LLC purchased a new position in shares of Banco Santander in the 4th quarter valued at about $47,000. VSM Wealth Advisory LLC purchased a new position in Banco Santander in the fourth quarter worth approximately $167,000. PDS Planning Inc grew its holdings in Banco Santander by 5.3% during the 4th quarter. PDS Planning Inc now owns 53,149 shares of the bank's stock worth $242,000 after acquiring an additional 2,670 shares in the last quarter. Horizon Kinetics Asset Management LLC increased its position in shares of Banco Santander by 6.4% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 250,177 shares of the bank's stock valued at $1,141,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Gallacher Capital Management LLC raised its holdings in shares of Banco Santander by 3.4% in the 4th quarter. Gallacher Capital Management LLC now owns 104,087 shares of the bank's stock valued at $475,000 after purchasing an additional 3,434 shares in the last quarter. 9.19% of the stock is currently owned by hedge funds and other institutional investors.
Banco Santander Stock Performance
Shares of SAN traded down $0.20 during midday trading on Wednesday, reaching $6.91. 3,520,047 shares of the stock were exchanged, compared to its average volume of 3,200,632. Banco Santander, S.A. has a twelve month low of $4.27 and a twelve month high of $7.16. The company has a debt-to-equity ratio of 13.83, a current ratio of 2.24 and a quick ratio of 0.23. The company has a market capitalization of $104.63 billion, a price-to-earnings ratio of 8.32, a PEG ratio of 0.77 and a beta of 1.09. The business's 50-day moving average price is $6.00 and its 200 day moving average price is $5.23.
Banco Santander (NYSE:SAN - Get Free Report) last released 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 return on equity of 11.90% and a net margin of 15.88%. On average, sell-side analysts expect that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.
Banco Santander Increases Dividend
The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 30th will be paid a dividend of $0.1152 per share. The ex-dividend date is Wednesday, April 30th. This represents a yield of 2.4%. This is a boost from Banco Santander's previous semi-annual dividend of $0.08. Banco Santander's dividend payout ratio is currently 19.28%.
Analysts Set New Price Targets
Several research firms recently commented on SAN. Keefe, Bruyette & Woods raised Banco Santander from a "hold" rating to a "moderate buy" rating in a report on Monday, February 24th. Morgan Stanley upgraded Banco Santander from an "equal weight" rating to an "overweight" rating in a report on Tuesday, November 26th. The Goldman Sachs Group downgraded Banco Santander from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 12th. Finally, StockNews.com raised shares of Banco Santander from a "hold" rating to a "buy" rating in a 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. According to data from MarketBeat, the company presently has an average rating of "Buy".
Read Our Latest Research Report on SAN
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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