Callan Capital LLC Takes $168,000 Position in Banco Santander, S.A. (NYSE:SAN)

Callan Capital LLC acquired a new stake in shares of Banco Santander, S.A. (NYSE:SAN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 40,606 shares of the bank’s stock, valued at approximately $168,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Riversedge Advisors LLC bought a new position in shares of Banco Santander during the fourth quarter valued at about $42,000. Raymond James Trust N.A. bought a new stake in shares of Banco Santander in the fourth quarter worth about $43,000. HB Wealth Management LLC bought a new stake in shares of Banco Santander in the fourth quarter worth about $43,000. Allworth Financial LP grew its stake in shares of Banco Santander by 46.3% in the fourth quarter. Allworth Financial LP now owns 10,795 shares of the bank’s stock worth $45,000 after purchasing an additional 3,415 shares during the last quarter. Finally, Boltwood Capital Management bought a new stake in shares of Banco Santander in the fourth quarter worth about $46,000. 9.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Barclays raised Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 25th.

Banco Santander Stock Up 1.0 %

SAN traded up $0.05 on Friday, hitting $5.11. The company had a trading volume of 2,819,876 shares, compared to its average volume of 3,795,292. The company has a debt-to-equity ratio of 4.24, a current ratio of 0.35 and a quick ratio of 0.35. Banco Santander, S.A. has a 52-week low of $3.20 and a 52-week high of $5.17. The stock has a fifty day simple moving average of $4.55 and a 200-day simple moving average of $4.17. The firm has a market capitalization of $80.87 billion, a P/E ratio of 7.29, a P/E/G ratio of 0.49 and a beta of 1.22.

Banco Santander (NYSE:SAN) last issued its quarterly earnings data on Tuesday, January 30th. The bank reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. Banco Santander had a net margin of 19.29% and a return on equity of 10.82%. The business had revenue of $15.67 billion during the quarter. During the same quarter last year, the business earned $0.14 earnings per share. As a group, equities analysts expect that Banco Santander, S.A. will post 0.8 EPS for the current fiscal year.

Banco Santander Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.1027 per share. This represents a dividend yield of 3.2%. This is a positive change from Banco Santander’s previous semi-annual dividend of $0.09. The ex-dividend date of this dividend is Monday, April 29th. Banco Santander’s dividend payout ratio (DPR) is presently 17.14%.

Banco Santander Company 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.