Signaturefd LLC Purchases 16,905 Shares of Banco Santander, S.A. (NYSE:SAN)

Signaturefd LLC raised its position in Banco Santander, S.A. (NYSE:SAN) by 6.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 288,357 shares of the bank’s stock after buying an additional 16,905 shares during the quarter. Signaturefd LLC’s holdings in Banco Santander were worth $1,471,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rothschild Investment LLC bought a new stake in Banco Santander during the 2nd quarter valued at $33,000. Financial Management Professionals Inc. lifted its holdings in Banco Santander by 1,853.0% during the 1st quarter. Financial Management Professionals Inc. now owns 8,359 shares of the bank’s stock worth $40,000 after purchasing an additional 7,931 shares in the last quarter. Planned Solutions Inc. bought a new position in Banco Santander in the 2nd quarter worth about $47,000. AE Wealth Management LLC purchased a new position in Banco Santander during the 2nd quarter valued at about $50,000. Finally, Norden Group LLC bought a new stake in shares of Banco Santander during the first quarter valued at about $52,000. Institutional investors own 9.19% of the company’s stock.

Banco Santander Stock Performance

Banco Santander stock opened at $4.96 on Thursday. The stock has a market cap of $78.42 billion, a P/E ratio of 6.88, a PEG ratio of 0.40 and a beta of 1.14. Banco Santander, S.A. has a fifty-two week low of $3.52 and a fifty-two week high of $5.27. The firm’s fifty day moving average price is $4.92 and its 200-day moving average price is $4.88.

Banco Santander (NYSE:SAN) last released its quarterly earnings results on Wednesday, July 24th. The bank reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. Banco Santander had a return on equity of 11.42% and a net margin of 15.35%. The firm had revenue of $16.87 billion for the quarter. Sell-side analysts predict that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Banco Santander Cuts Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, October 31st. This represents a yield of 3%. Banco Santander’s payout ratio is presently 22.22%.

Analyst Upgrades and Downgrades

Separately, UBS Group raised shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 4th.

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.