Ballentine Partners LLC raised its position in Banco Santander, S.A. (NYSE:SAN) by 1.7% during the third quarter, Holdings Channel reports. The firm owned 114,552 shares of the company’s stock after buying an additional 1,870 shares during the period. Ballentine Partners LLC’s holdings in Banco Santander, were worth $505,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of SAN. Quantitative Investment Management LLC acquired a new position in shares of Banco Santander, during the third quarter worth approximately $362,000. Heathbridge Capital Management Ltd. purchased a new position in shares of Banco Santander, during the third quarter worth approximately $188,000. World Asset Management Inc raised its position in shares of Banco Santander, by 8.1% in the third quarter. World Asset Management Inc now owns 965,447 shares of the company’s stock worth $4,258,000 after buying an additional 72,016 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in shares of Banco Santander, during the third quarter worth approximately $337,000. Finally, Commonwealth Equity Services Inc raised its position in shares of Banco Santander, by 2.3% in the third quarter. Commonwealth Equity Services Inc now owns 248,719 shares of the company’s stock worth $1,097,000 after buying an additional 5,623 shares during the last quarter. Institutional investors own 0.61% of the company’s stock.
Shares of Banco Santander, S.A. (NYSE:SAN) traded up 4.652% during mid-day trading on Wednesday, reaching $5.705. The company’s stock had a trading volume of 4,391,420 shares. Banco Santander, S.A. has a 52-week low of $3.60 and a 52-week high of $5.72. The firm has a market cap of $83.66 billion, a price-to-earnings ratio of 18.285 and a beta of 1.66. The firm has a 50 day moving average price of $5.23 and a 200 day moving average price of $4.62.
Banco Santander, (NYSE:SAN) last issued its earnings results on Wednesday, October 26th. The company reported $0.12 EPS for the quarter. Banco Santander, had a return on equity of 6.06% and a net margin of 13.89%. On average, equities analysts predict that Banco Santander, S.A. will post $0.37 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 8th. Stockholders of record on Friday, January 27th will be paid a dividend of $0.0585 per share. This is an increase from Banco Santander,’s previous quarterly dividend of $0.06. This represents a $0.23 annualized dividend and a dividend yield of 4.25%. The ex-dividend date of this dividend is Wednesday, January 25th. Banco Santander,’s payout ratio is currently 38.64%.
A number of research analysts recently commented on the company. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Banco Santander, in a research note on Friday, December 16th. Zacks Investment Research lowered Banco Santander, from a “hold” rating to a “sell” rating in a research note on Wednesday, November 23rd. Natixis upgraded Banco Santander, from a “reduce” rating to a “buy” rating in a research note on Tuesday, October 11th. J P Morgan Chase & Co restated a “buy” rating on shares of Banco Santander, in a research note on Thursday, January 5th. Finally, Citigroup Inc. restated a “buy” rating on shares of Banco Santander, in a research note on Wednesday, September 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $5.75.
Banco Santander, Company Profile
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.
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