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Proficio Capital Partners LLC purchased a new stake in Banco Santander, S.A. (NYSE:SAN – Free Report) in the fourth quarter, HoldingsChannel reports. The fund purchased 22,000 shares of the bank’s stock, valued at approximately $100,000.
Several other large investors also recently added to or reduced their stakes in the stock. R Squared Ltd bought a new position in Banco Santander during the 4th quarter valued at about $27,000. Sierra Ocean LLC bought a new position in Banco Santander in the 4th quarter worth about $32,000. Advisors Preferred LLC purchased a new stake in shares of Banco Santander in the fourth quarter valued at approximately $37,000. Wilmington Savings Fund Society FSB bought a new position in shares of Banco Santander during the 3rd quarter worth $45,000. Finally, CogentBlue Wealth Advisors LLC purchased a new position in Banco Santander during the fourth quarter valued at approximately $50,000. 9.19% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the company. StockNews.com raised Banco Santander from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods upgraded Banco Santander from a “hold” rating to a “moderate buy” rating in a research note on Monday, February 24th. Finally, The Goldman Sachs Group downgraded shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. One analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.
Get Our Latest Research Report on Banco Santander
Banco Santander Trading Down 2.1 %
Shares of Banco Santander stock opened at $6.79 on Friday. Banco Santander, S.A. has a twelve month low of $4.27 and a twelve month high of $7.16. The firm’s 50-day moving average price is $6.08 and its 200 day moving average price is $5.25. 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 $102.81 billion, a PE ratio of 8.17, a P/E/G ratio of 0.77 and a beta of 1.09.
Banco Santander (NYSE:SAN – Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The bank reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. Banco Santander had a net margin of 15.88% and a return on equity of 11.90%. On average, sell-side analysts predict that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.
Banco Santander Increases Dividend
The company 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 $0.1152 dividend. 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
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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