Capital Investment Advisory Services LLC grew its position in shares of Banco Santander SA (NYSE:SAN) by 106.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,260 shares of the bank’s stock after purchasing an additional 17,138 shares during the period. Capital Investment Advisory Services LLC’s holdings in Banco Santander were worth $154,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. American Assets Investment Management LLC grew its position in shares of Banco Santander by 0.8% during the fourth quarter. American Assets Investment Management LLC now owns 332,233 shares of the bank’s stock valued at $1,488,000 after purchasing an additional 2,679 shares in the last quarter. HighPoint Advisor Group LLC grew its position in shares of Banco Santander by 19.1% during the fourth quarter. HighPoint Advisor Group LLC now owns 16,689 shares of the bank’s stock valued at $78,000 after purchasing an additional 2,680 shares in the last quarter. Hollencrest Capital Management grew its position in shares of Banco Santander by 28.8% during the fourth quarter. Hollencrest Capital Management now owns 13,032 shares of the bank’s stock valued at $58,000 after purchasing an additional 2,917 shares in the last quarter. Moody National Bank Trust Division grew its position in shares of Banco Santander by 4.7% during the fourth quarter. Moody National Bank Trust Division now owns 64,971 shares of the bank’s stock valued at $291,000 after purchasing an additional 2,921 shares in the last quarter. Finally, Intercontinental Wealth Advisors LLC grew its position in shares of Banco Santander by 26.8% during the fourth quarter. Intercontinental Wealth Advisors LLC now owns 15,827 shares of the bank’s stock valued at $71,000 after purchasing an additional 3,345 shares in the last quarter. Hedge funds and other institutional investors own 1.86% of the company’s stock.

Shares of NYSE:SAN opened at $4.93 on Thursday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.05. Banco Santander SA has a 12 month low of $4.21 and a 12 month high of $6.62. The stock has a market capitalization of $80.04 billion, a P/E ratio of 8.96, a price-to-earnings-growth ratio of 1.68 and a beta of 1.08.

Banco Santander (NYSE:SAN) last announced its quarterly earnings results on Tuesday, January 29th. The bank reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.01). Banco Santander had a net margin of 16.13% and a return on equity of 7.56%. The business had revenue of $14.31 billion during the quarter. On average, sell-side analysts forecast that Banco Santander SA will post 0.55 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 7th. Investors of record on Tuesday, April 30th will be issued a $0.0731 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 5.93%. The ex-dividend date of this dividend is Monday, April 29th. Banco Santander’s payout ratio is 41.82%.

A number of brokerages recently commented on SAN. Zacks Investment Research downgraded shares of Banco Santander from a “hold” rating to a “sell” rating in a report on Tuesday, January 1st. ValuEngine downgraded shares of Banco Santander from a “sell” rating to a “strong sell” rating in a report on Thursday, April 11th. Royal Bank of Canada raised shares of Banco Santander from a “sector perform” rating to an “outperform” rating in a report on Wednesday, March 13th. TheStreet downgraded shares of Banco Santander from an “a-” rating to a “d” rating in a report on Thursday, February 7th. Finally, Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Wednesday, March 13th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Banco Santander presently has a consensus rating of “Hold” and an average target price of $5.75.

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About Banco Santander

Banco Santander, SA, together with its subsidiaries, provides various retail and commercial banking products and services for individual and corporate clients worldwide. It offers demand and time deposits, and current and savings accounts; certificates of deposit; mortgages, auto finance, and personal loans; working capital finance; and debit and credit cards, as well as life and non-life insurance products.

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Institutional Ownership by Quarter for Banco Santander (NYSE:SAN)

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