Tudor Investment Corp ET AL Purchases New Shares in Banco Santander, S.A. $SAN

by · The Markets Daily

Tudor Investment Corp ET AL purchased a new stake in shares of Banco Santander, S.A. (NYSE:SAN – Free Report) during the third quarter, HoldingsChannel reports. The fund purchased 494,324 shares of the bank’s stock, valued at approximately $5,181,000.

A number of other hedge funds also recently bought and sold shares of SAN. CIBC Bancorp USA Inc. purchased a new stake in Banco Santander during the third quarter valued at $93,811,000. Lazard Asset Management LLC raised its stake in Banco Santander by 2,038,075.5% during the second quarter. Lazard Asset Management LLC now owns 7,643,158 shares of the bank’s stock valued at $63,438,000 after purchasing an additional 7,642,783 shares in the last quarter. Capital International Investors raised its stake in Banco Santander by 67.5% during the third quarter. Capital International Investors now owns 14,529,024 shares of the bank’s stock valued at $149,504,000 after purchasing an additional 5,856,034 shares in the last quarter. Raymond James Financial Inc. raised its stake in Banco Santander by 225.3% during the third quarter. Raymond James Financial Inc. now owns 4,100,768 shares of the bank’s stock valued at $42,976,000 after purchasing an additional 2,840,145 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Banco Santander by 85.0% during the third quarter. Envestnet Asset Management Inc. now owns 5,552,931 shares of the bank’s stock valued at $58,195,000 after purchasing an additional 2,551,675 shares in the last quarter. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 23rd. Royal Bank Of Canada raised shares of Banco Santander from a “sector perform” rating to an “outperform” rating in a research note on Monday, February 23rd. UBS Group reiterated a “buy” rating on shares of Banco Santander in a research report on Monday, February 16th. Weiss Ratings upgraded shares of Banco Santander from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, February 27th. Finally, Wall Street Zen upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Get Our Latest Stock Analysis on SAN

Banco Santander Trading Up 7.0%

NYSE SAN opened at $12.22 on Thursday. The company’s 50-day moving average price is $11.78 and its 200-day moving average price is $11.24. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 3.15. The stock has a market cap of $181.82 billion, a PE ratio of 12.09, a PEG ratio of 0.69 and a beta of 0.76. Banco Santander, S.A. has a 12 month low of $5.81 and a 12 month high of $13.24.

Banco Santander (NYSE:SAN – Get Free Report) last announced its quarterly earnings results on Wednesday, February 4th. The bank reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.04. Banco Santander had a net margin of 18.85% and a return on equity of 12.14%. The firm had revenue of $17.68 billion during the quarter, compared to analysts’ expectations of $15.89 billion. Equities research analysts forecast that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Banco Santander Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, May 8th. Stockholders of record on Monday, May 4th will be issued a $0.1473 dividend. This represents a dividend yield of 254.0%. The ex-dividend date is Monday, May 4th. Banco Santander’s dividend payout ratio (DPR) is currently 18.81%.

About Banco Santander

(Free Report)

Banco Santander, SA (NYSE: SAN) is a Spanish multinational banking group headquartered in Santander, Spain. Founded in 1857, the bank has grown from a regional institution into one of Europe’s largest banking groups, operating a diversified financial services platform that serves retail, small and medium-sized enterprises, and large corporate clients. Santander is publicly listed in Spain and maintains American Depositary Receipts on the New York Stock Exchange under the ticker SAN.

The group’s core activities include retail and commercial banking—offering deposit accounts, payment services, mortgages, personal and auto loans, and small business financing—alongside corporate and investment banking services for larger institutional clients.

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