Banco Santander, S.A. (NYSE:SAN) Shares Acquired by Fmr LLC

by · The Cerbat Gem

Fmr LLC lifted its stake in Banco Santander, S.A. (NYSE:SAN – Free Report) by 5.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 21,953,176 shares of the bank’s stock after purchasing an additional 1,059,449 shares during the quarter. Fmr LLC’s holdings in Banco Santander were worth $100,106,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Atria Investments Inc lifted its stake in Banco Santander by 7.1% during the fourth quarter. Atria Investments Inc now owns 28,990 shares of the bank’s stock worth $132,000 after purchasing an additional 1,917 shares in the last quarter. Principal Securities Inc. lifted its stake in Banco Santander by 13.4% during the 4th quarter. Principal Securities Inc. now owns 17,230 shares of the bank’s stock worth $79,000 after acquiring an additional 2,032 shares in the last quarter. Riversedge Advisors LLC boosted its holdings in Banco Santander by 14.3% during the 4th quarter. Riversedge Advisors LLC now owns 17,220 shares of the bank’s stock valued at $79,000 after acquiring an additional 2,148 shares during the period. Kathmere Capital Management LLC increased its stake in Banco Santander by 4.9% during the fourth quarter. Kathmere Capital Management LLC now owns 50,013 shares of the bank’s stock worth $228,000 after purchasing an additional 2,320 shares during the period. Finally, OLD National Bancorp IN lifted its position in shares of Banco Santander by 7.6% during the fourth quarter. OLD National Bancorp IN now owns 33,952 shares of the bank’s stock worth $155,000 after purchasing an additional 2,392 shares in the last quarter. Institutional investors and hedge funds own 9.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SAN. The Goldman Sachs Group cut shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. StockNews.com upgraded 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 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Check Out Our Latest Report on SAN

Banco Santander Stock Up 1.9 %

SAN stock opened at $6.55 on Tuesday. The company’s 50 day moving average price is $6.39 and its 200 day moving average price is $5.37. The firm has a market capitalization of $99.25 billion, a price-to-earnings ratio of 7.89, a PEG ratio of 0.77 and a beta of 0.81. Banco Santander, S.A. has a fifty-two week low of $4.27 and a fifty-two week high of $7.16. The company has a debt-to-equity ratio of 13.83, a quick ratio of 0.23 and a current ratio of 2.24.

Banco Santander (NYSE:SAN – Get Free Report) last announced 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, equities research analysts anticipate 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. 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 an increase 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 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.

Further Reading

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