Banco Santander, S.A. (NYSE:SAN) Holdings Increased by Naviter Wealth LLC

Naviter Wealth LLC increased its stake in Banco Santander, S.A. (NYSE:SAN) by 25.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 250,487 shares of the bank’s stock after acquiring an additional 50,949 shares during the period. Naviter Wealth LLC’s holdings in Banco Santander were worth $1,037,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Riversedge Advisors LLC acquired a new position in Banco Santander in the 4th quarter valued at approximately $42,000. Raymond James Trust N.A. acquired a new stake in Banco Santander in the 4th quarter worth approximately $43,000. HB Wealth Management LLC acquired a new position in Banco Santander during the fourth quarter valued at approximately $43,000. Allworth Financial LP lifted 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 buying an additional 3,415 shares during the last quarter. Finally, Boltwood Capital Management bought a new stake in shares of Banco Santander during the 4th quarter worth $46,000. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Barclays upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Monday, March 25th.

Banco Santander Stock Down 3.6 %

Shares of SAN stock opened at $4.86 on Tuesday. Banco Santander, S.A. has a 12 month low of $3.20 and a 12 month high of $5.17. The stock has a 50 day moving average of $4.57 and a 200-day moving average of $4.19. The firm has a market cap of $76.91 billion, a PE ratio of 7.19, a price-to-earnings-growth ratio of 0.49 and a beta of 1.22. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 4.24.

Banco Santander (NYSE:SAN) last posted its quarterly earnings data on Tuesday, January 30th. The bank reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. The company had revenue of $15.67 billion for the quarter. Banco Santander had a net margin of 19.29% and a return on equity of 10.82%. During the same quarter in the previous year, the firm posted $0.14 EPS. On average, equities analysts predict that Banco Santander, S.A. will post 0.8 EPS for the current year.

Banco Santander Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Tuesday, May 7th. Investors of record on Tuesday, April 30th will be paid a $0.1027 dividend. 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 is Monday, April 29th. Banco Santander’s dividend payout ratio is presently 17.14%.

Banco Santander 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.