Eagle Asset Management Inc. Has $253,000 Stake in Banco Santander, S.A. (SAN)
Eagle Asset Management Inc. lifted its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 11.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,822 shares of the bank’s stock after purchasing an additional 3,986 shares during the quarter. Eagle Asset Management Inc.’s holdings in Banco Santander, were worth $253,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of SAN. Fisher Asset Management LLC boosted its holdings in shares of Banco Santander, by 20,016.6% during the second quarter. Fisher Asset Management LLC now owns 78,057,067 shares of the bank’s stock worth $522,202,000 after purchasing an additional 77,669,044 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of Banco Santander, during the first quarter worth $6,464,000. Todd Asset Management LLC boosted its holdings in shares of Banco Santander, by 61.9% during the first quarter. Todd Asset Management LLC now owns 2,467,646 shares of the bank’s stock worth $15,142,000 after purchasing an additional 943,631 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Banco Santander, by 63.2% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 1,653,000 shares of the bank’s stock worth $10,034,000 after purchasing an additional 640,000 shares during the last quarter. Finally, Aperio Group LLC boosted its holdings in shares of Banco Santander, by 17.0% during the second quarter. Aperio Group LLC now owns 4,088,869 shares of the bank’s stock worth $27,355,000 after purchasing an additional 593,204 shares during the last quarter. Institutional investors and hedge funds own 1.30% of the company’s stock.
Several equities research analysts have recently issued reports on the company. BidaskClub cut Banco Santander, from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Zacks Investment Research upgraded Banco Santander, from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of Banco Santander, in a report on Tuesday, August 15th. Bank of America Corporation upgraded Banco Santander, from an “underperform” rating to a “neutral” rating in a report on Friday, June 9th. Finally, ValuEngine cut Banco Santander, from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $16.63.
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Banco Santander, S.A. (NYSE SAN) opened at 6.65 on Wednesday. The company has a 50-day moving average price of $6.60 and a 200-day moving average price of $6.41. The firm has a market cap of $102.28 billion, a PE ratio of 12.55 and a beta of 1.38. Banco Santander, S.A. has a one year low of $4.19 and a one year high of $6.99.
Banco Santander, (NYSE:SAN) last posted its quarterly earnings results on Friday, July 28th. The bank reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.02). Banco Santander, had a return on equity of 6.70% and a net margin of 14.98%. The company had revenue of $13.10 billion during the quarter. Equities analysts predict that Banco Santander, S.A. will post $0.49 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Thursday, August 3rd were paid a $0.0694 dividend. The ex-dividend date of this dividend was Tuesday, August 1st. This is an increase from Banco Santander,’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.18%. Banco Santander,’s dividend payout ratio is 37.50%.
Banco Santander, Profile
Banco Santander, SA is a retail and commercial bank. The Banks segments include Continental Europe, the United Kingdom, Latin America and the United States. The Continental Europe segment covers all businesses in the Continental Europe. The United Kingdom segment includes the businesses developed by various units and branches in the country.
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