WBI Investments Inc. purchased a new stake in Banco Santander, S.A. (NYSE:SAN) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 474,000 shares of the bank’s stock, valued at approximately $3,171,000.
Other hedge funds also recently bought and sold shares of the company. Fisher Asset Management LLC lifted its holdings in Banco Santander, by 20,016.6% in the second quarter. Fisher Asset Management LLC now owns 78,057,067 shares of the bank’s stock valued at $522,202,000 after acquiring an additional 77,669,044 shares during the last quarter. Todd Asset Management LLC lifted its stake in Banco Santander, by 44.9% during the second quarter. Todd Asset Management LLC now owns 3,574,941 shares of the bank’s stock worth $23,916,000 after purchasing an additional 1,107,295 shares in the last quarter. Wellington Management Group LLP acquired a new position in Banco Santander, during the first quarter worth $6,464,000. Teachers Retirement System of The State of Kentucky lifted its stake in Banco Santander, by 63.2% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 1,653,000 shares of the bank’s stock worth $10,034,000 after purchasing an additional 640,000 shares in the last quarter. Finally, Aperio Group LLC lifted its stake in Banco Santander, by 17.0% during the second quarter. Aperio Group LLC now owns 4,088,869 shares of the bank’s stock worth $27,355,000 after purchasing an additional 593,204 shares in the last quarter. Institutional investors and hedge funds own 1.30% of the company’s stock.
Banco Santander, S.A. (NYSE:SAN) traded up 0.60% during trading on Wednesday, reaching $6.69. The company had a trading volume of 674,651 shares. The company has a market capitalization of $102.90 billion, a PE ratio of 12.37 and a beta of 1.38. The stock has a 50 day moving average price of $6.60 and a 200-day moving average price of $6.41. Banco Santander, S.A. has a 52-week low of $4.19 and a 52-week high of $6.99.
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Banco Santander, (NYSE:SAN) last issued its quarterly earnings data on Friday, July 28th. The bank reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). Banco Santander, had a return on equity of 6.70% and a net margin of 14.98%. The firm had revenue of $13.10 billion during the quarter. On average, equities research analysts anticipate that Banco Santander, S.A. will post $0.49 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Thursday, August 3rd were given a $0.0694 dividend. The ex-dividend date was Tuesday, August 1st. This represents a $0.28 annualized dividend and a dividend yield of 4.18%. This is an increase from Banco Santander,’s previous quarterly dividend of $0.06. Banco Santander,’s payout ratio is presently 37.50%.
A number of research analysts have commented on SAN shares. Bank of America Corporation upgraded Banco Santander, from an “underperform” rating to a “neutral” rating in a research note on Friday, June 9th. Zacks Investment Research cut Banco Santander, from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. ValuEngine upgraded Banco Santander, from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 17th. BidaskClub cut Banco Santander, from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of Banco Santander, in a research note on Tuesday, August 15th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $16.63.
Banco Santander, Profile
Banco Santander, SA is a retail and commercial bank. The Banks segments include Continental Europe, the United Kingdom, Latin America and the United States. The Continental Europe segment covers all businesses in the Continental Europe. The United Kingdom segment includes the businesses developed by various units and branches in the country.
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