HUB Investment Partners LLC Invests $47,000 in Banco Santander, S.A. (NYSE:SAN)

HUB Investment Partners LLC acquired a new stake in Banco Santander, S.A. (NYSE:SAN) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 10,267 shares of the bank’s stock, valued at approximately $47,000.

Several other hedge funds have also recently added to or reduced their stakes in SAN. Atria Investments Inc grew its holdings in shares of Banco Santander by 7.1% during the 4th quarter. Atria Investments Inc now owns 28,990 shares of the bank’s stock worth $132,000 after purchasing an additional 1,917 shares during the period. Principal Securities Inc. boosted its stake in shares of Banco Santander by 13.4% in the 4th quarter. Principal Securities Inc. now owns 17,230 shares of the bank’s stock valued at $79,000 after buying an additional 2,032 shares during the period. Riversedge Advisors LLC boosted its stake in shares of Banco Santander by 14.3% in the 4th quarter. Riversedge Advisors LLC now owns 17,220 shares of the bank’s stock valued at $79,000 after buying an additional 2,148 shares during the period. Kathmere Capital Management LLC boosted its stake in shares of Banco Santander by 4.9% in the 4th quarter. Kathmere Capital Management LLC now owns 50,013 shares of the bank’s stock valued at $228,000 after buying an additional 2,320 shares during the period. Finally, OLD National Bancorp IN boosted its stake in shares of Banco Santander by 7.6% in the 4th quarter. OLD National Bancorp IN now owns 33,952 shares of the bank’s stock valued at $155,000 after buying an additional 2,392 shares during the period. 9.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SAN. The Goldman Sachs Group cut Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, November 26th. Keefe, Bruyette & Woods raised Banco Santander from a “hold” rating to a “moderate buy” rating in a research report on Monday, February 24th. Finally, StockNews.com raised Banco Santander from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Banco Santander Price Performance

Shares of NYSE SAN opened at $6.92 on Friday. The company has a debt-to-equity ratio of 13.83, a quick ratio of 0.23 and a current ratio of 2.24. Banco Santander, S.A. has a fifty-two week low of $4.27 and a fifty-two week high of $7.16. The firm has a market capitalization of $104.78 billion, a PE ratio of 8.33, a price-to-earnings-growth ratio of 0.77 and a beta of 1.09. The stock’s 50-day simple moving average is $5.86 and its 200-day simple moving average is $5.18.

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

Banco Santander Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.1152 per share. This is a positive change from Banco Santander’s previous semi-annual dividend of $0.08. The ex-dividend date is Wednesday, April 30th. This represents a yield of 2.4%. Banco Santander’s payout ratio is 19.28%.

About Banco Santander

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.