Banco Santander, S.A. (NYSE:SAN) Shares Acquired by PDS Planning Inc

PDS Planning Inc lifted its position in Banco Santander, S.A. (NYSE:SAN) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 53,149 shares of the bank’s stock after buying an additional 2,670 shares during the quarter. PDS Planning Inc’s holdings in Banco Santander were worth $242,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Horizon Kinetics Asset Management LLC boosted its holdings in shares of Banco Santander by 6.4% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 250,177 shares of the bank’s stock valued at $1,141,000 after acquiring an additional 15,000 shares during the period. Gallacher Capital Management LLC raised its position in Banco Santander by 3.4% in the fourth quarter. Gallacher Capital Management LLC now owns 104,087 shares of the bank’s stock worth $475,000 after acquiring an additional 3,434 shares in the last quarter. Corient Private Wealth LLC lifted its stake in shares of Banco Santander by 2.3% in the fourth quarter. Corient Private Wealth LLC now owns 309,715 shares of the bank’s stock valued at $1,412,000 after purchasing an additional 6,993 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Banco Santander by 12.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 87,074 shares of the bank’s stock worth $397,000 after acquiring an additional 9,960 shares in the last quarter. Finally, Choate Investment Advisors acquired a new stake in Banco Santander in the fourth quarter valued at $57,000. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Banco Santander Price Performance

Shares of NYSE:SAN opened at $7.09 on Thursday. The company has a market cap of $107.36 billion, a PE ratio of 8.54, a P/E/G ratio of 0.77 and a beta of 1.09. The firm has a 50-day simple moving average of $5.77 and a 200 day simple moving average of $5.15. Banco Santander, S.A. has a fifty-two week low of $4.27 and a fifty-two week high of $7.16. 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 (NYSE:SAN) last posted its earnings results on Wednesday, February 5th. The bank reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. Banco Santander had a return on equity of 11.90% and a net margin of 15.88%. On average, sell-side analysts anticipate that Banco Santander, S.A. will post 0.83 EPS for the current year.

Banco Santander Increases Dividend

The firm also recently announced 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. This is an increase from Banco Santander’s previous semi-annual dividend of $0.08. This represents a dividend yield of 2.4%. The ex-dividend date is Wednesday, April 30th. Banco Santander’s payout ratio is presently 19.28%.

Analyst Upgrades and Downgrades

SAN has been the subject of several recent research reports. Keefe, Bruyette & Woods raised Banco Santander from a “hold” rating to a “moderate buy” rating in a research report on Monday, February 24th. StockNews.com raised shares of Banco Santander from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Morgan Stanley upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 26th. Finally, The Goldman Sachs Group lowered shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Banco Santander currently has a consensus rating of “Buy”.

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.