RWA Wealth Partners LLC Increases Stock Holdings in Banco Santander, S.A. (NYSE:SAN)

RWA Wealth Partners LLC boosted its stake in Banco Santander, S.A. (NYSE:SAN) by 2.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,736,063 shares of the bank’s stock after buying an additional 39,517 shares during the quarter. RWA Wealth Partners LLC’s holdings in Banco Santander were worth $7,916,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of SAN. Larson Financial Group LLC raised its holdings 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 purchasing an additional 5,588 shares during the last quarter. R Squared Ltd bought a new stake in Banco Santander in the 4th quarter worth about $27,000. Sierra Ocean LLC purchased a new stake in Banco Santander in the 4th quarter valued at about $32,000. Advisors Preferred LLC bought a new position in shares of Banco Santander during the 4th quarter worth approximately $37,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Banco Santander in the 3rd quarter worth approximately $45,000. 9.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SAN shares. StockNews.com upgraded Banco Santander from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. The Goldman Sachs Group cut Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods upgraded shares of Banco Santander from a “hold” rating to a “moderate buy” rating in a research report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Banco Santander currently has a consensus rating of “Buy”.

Banco Santander Price Performance

Shares of NYSE SAN opened at $6.79 on Friday. The company has a current ratio of 2.24, a quick ratio of 0.23 and a debt-to-equity ratio of 13.83. The stock has a fifty day simple moving average of $6.08 and a two-hundred day simple moving average of $5.26. Banco Santander, S.A. has a 1-year low of $4.27 and a 1-year high of $7.16. The firm has a market cap of $102.81 billion, a price-to-earnings ratio of 8.17, a price-to-earnings-growth ratio of 0.77 and a beta of 1.09.

Banco Santander (NYSE:SAN) last posted its quarterly earnings results on Wednesday, February 5th. The bank reported $0.21 earnings per share 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%. Analysts anticipate that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Banco Santander Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 30th will be paid a dividend of $0.1152 per share. This is a boost 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 dividend payout ratio is presently 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.