Prospera Financial Services Inc Boosts Stake in Banco Santander, S.A. $SAN

Prospera Financial Services Inc boosted its stake in Banco Santander, S.A. (NYSE:SAN) by 400.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 135,698 shares of the bank’s stock after buying an additional 108,585 shares during the quarter. Prospera Financial Services Inc’s holdings in Banco Santander were worth $1,592,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Orca Wealth Management LLC lifted its stake in Banco Santander by 1.4% in the 4th quarter. Orca Wealth Management LLC now owns 65,572 shares of the bank’s stock valued at $852,000 after buying an additional 894 shares in the last quarter. Composition Wealth LLC lifted its stake in Banco Santander by 8.3% in the 4th quarter. Composition Wealth LLC now owns 12,442 shares of the bank’s stock valued at $146,000 after buying an additional 952 shares in the last quarter. West Family Investments Inc. lifted its stake in Banco Santander by 2.0% in the 3rd quarter. West Family Investments Inc. now owns 49,186 shares of the bank’s stock valued at $515,000 after buying an additional 965 shares in the last quarter. Riversedge Advisors LLC lifted its stake in Banco Santander by 3.5% in the 4th quarter. Riversedge Advisors LLC now owns 29,426 shares of the bank’s stock valued at $345,000 after buying an additional 987 shares in the last quarter. Finally, Stratos Investment Management LLC lifted its stake in Banco Santander by 6.3% in the 4th quarter. Stratos Investment Management LLC now owns 16,870 shares of the bank’s stock valued at $198,000 after buying an additional 1,005 shares in the last quarter. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Analyst Ratings Changes

SAN has been the subject of several analyst reports. Weiss Ratings downgraded Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 8th. Wall Street Zen upgraded Banco Santander from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. Morgan Stanley upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Monday, March 23rd. Santander reiterated an “outperform” rating on shares of Banco Santander in a report on Tuesday, May 12th. Finally, UBS Group reiterated a “buy” rating on shares of Banco Santander in a report on Monday, February 16th. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Banco Santander Stock Up 1.0%

SAN stock opened at $12.61 on Thursday. The company has a market cap of $185.23 billion, a price-to-earnings ratio of 10.42, a PEG ratio of 0.71 and a beta of 0.73. The business has a fifty day simple moving average of $11.84 and a 200-day simple moving average of $11.74. Banco Santander, S.A. has a 52 week low of $7.82 and a 52 week high of $13.24.

Banco Santander (NYSE:SAN) last released its quarterly earnings data on Wednesday, April 29th. The bank reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The firm had revenue of $17.53 billion for the quarter, compared to analyst estimates of $17.66 billion. Banco Santander had a return on equity of 12.23% and a net margin of 26.92%. As a group, analysts expect that Banco Santander, S.A. will post 1.11 earnings per share for the current fiscal year.

Banco Santander Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, May 8th. Stockholders of record on Monday, May 4th were issued a dividend of $0.1473 per share. This represents a dividend yield of 255.0%. The ex-dividend date was Monday, May 4th. Banco Santander’s dividend payout ratio is presently 17.36%.

Banco Santander Company Profile

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.