HBK Sorce Advisory LLC Acquires 3,698 Shares of Banco Santander, S.A. (NYSE:SAN)

HBK Sorce Advisory LLC grew its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 26.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 17,495 shares of the bank’s stock after buying an additional 3,698 shares during the period. HBK Sorce Advisory LLC’s holdings in Banco Santander were worth $80,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in shares of Banco Santander in the fourth quarter valued at approximately $27,000. Larson Financial Group LLC boosted its position in shares of Banco Santander by 2,226.3% in the fourth quarter. Larson Financial Group LLC now owns 5,839 shares of the bank’s stock valued at $27,000 after acquiring an additional 5,588 shares during the period. Sierra Ocean LLC bought a new position in shares of Banco Santander in the fourth quarter valued at approximately $32,000. Advisors Preferred LLC bought a new position in shares of Banco Santander in the fourth quarter valued at approximately $37,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Banco Santander in the third quarter valued at approximately $45,000. Institutional investors own 9.19% of the company’s stock.

Wall Street Analysts Forecast Growth

SAN has been the topic of a number of recent analyst reports. The Goldman Sachs Group downgraded shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. StockNews.com raised shares of Banco Santander from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 26th. Finally, Keefe, Bruyette & Woods raised shares of Banco Santander from a “hold” rating to a “moderate buy” rating in a research note on Monday, February 24th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy”.

Banco Santander Stock Up 5.0 %

Shares of NYSE SAN opened at $6.78 on Friday. The company has a quick ratio of 0.23, a current ratio of 2.24 and a debt-to-equity ratio of 13.83. Banco Santander, S.A. has a 52 week low of $4.27 and a 52 week high of $6.83. The firm’s fifty day moving average is $5.63 and its 200 day moving average is $5.11. The company has a market cap of $102.66 billion, a price-to-earnings ratio of 8.16, a PEG ratio of 0.77 and a beta of 1.09.

Banco Santander (NYSE:SAN) last released its quarterly earnings results on Wednesday, February 5th. The bank reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. Banco Santander had a net margin of 15.88% and a return on equity of 11.90%. On average, equities research analysts expect that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Banco Santander Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 30th will be issued a $0.1152 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a yield of 2.4%. This is a boost from Banco Santander’s previous semi-annual dividend of $0.08. Banco Santander’s payout ratio is 19.28%.

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.