Rikoon Group LLC acquired a new stake in Banco Santander SA (NYSE:SAN) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 28,429 shares of the company’s stock, valued at approximately $125,000.
Other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in shares of Banco Santander SA by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 4,983,295 shares of the company’s stock worth $19,535,000 after buying an additional 31,877 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in Banco Santander SA by 4.9% in the second quarter. Parametric Portfolio Associates LLC now owns 3,936,836 shares of the company’s stock worth $15,432,000 after buying an additional 184,547 shares in the last quarter. Aperio Group LLC increased its stake in Banco Santander SA by 0.8% in the third quarter. Aperio Group LLC now owns 3,630,666 shares of the company’s stock worth $16,011,000 after buying an additional 28,539 shares in the last quarter. Bank of Montreal Can purchased a new stake in Banco Santander SA during the second quarter worth about $6,908,000. Finally, State Street Corp increased its stake in Banco Santander SA by 0.6% in the second quarter. State Street Corp now owns 1,203,732 shares of the company’s stock worth $4,719,000 after buying an additional 7,640 shares in the last quarter. 0.61% of the stock is owned by hedge funds and other institutional investors.
Shares of Banco Santander SA (NYSE:SAN) opened at 4.50 on Monday. Banco Santander SA has a 1-year low of $3.60 and a 1-year high of $5.49. The company has a market cap of $65.99 billion, a price-to-earnings ratio of 14.52 and a beta of 1.72. The company’s 50-day moving average price is $4.63 and its 200 day moving average price is $4.41.
Banco Santander SA (NYSE:SAN) last released its quarterly earnings data on Wednesday, October 26th. The company reported $0.12 earnings per share (EPS) for the quarter. Banco Santander SA had a return on equity of 6.06% and a net margin of 13.89%. On average, analysts predict that Banco Santander SA will post $0.37 earnings per share for the current fiscal year.
The firm also recently disclosed a dividend, which was paid on Monday, November 14th. Investors of record on Monday, October 17th were given a $0.038 dividend. The ex-dividend date of this dividend was Thursday, October 13th. Banco Santander SA’s dividend payout ratio (DPR) is presently 38.64%.
A number of analysts have issued reports on SAN shares. RBC Capital Markets raised Banco Santander SA from an “underperform” rating to a “sector perform” rating in a research report on Wednesday, October 19th. Deutsche Bank AG raised Banco Santander SA from a “hold” rating to a “buy” rating in a research report on Wednesday, August 31st. Barclays PLC raised Banco Santander SA from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, September 6th. Citigroup Inc. reissued a “buy” rating on shares of Banco Santander SA in a research report on Wednesday, September 28th. Finally, Zacks Investment Research downgraded Banco Santander SA from a “buy” rating to a “sell” rating in a research report on Thursday, October 27th. Five research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $4.56.
About Banco Santander SA
Banco Santander, SA is a retail and commercial bank. The Bank’s principal business is to attract deposits and provide loans. The Bank focuses its wholesale banking offer on providing services to its main customers in local markets. The Banks segments include Continental Europe, United Kingdom, Latin America and United States.