Lido Advisors LLC Grows Holdings in Banco Santander, S.A. (NYSE:SAN)

Lido Advisors LLC boosted its stake in Banco Santander, S.A. (NYSE:SAN) by 9.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 36,699 shares of the bank’s stock after purchasing an additional 3,234 shares during the period. Lido Advisors LLC’s holdings in Banco Santander were worth $167,000 at the end of the most recent quarter.

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

Banco Santander Price Performance

Shares of SAN opened at $7.20 on Wednesday. The firm has a market capitalization of $109.02 billion, a price-to-earnings ratio of 8.67, a PEG ratio of 0.77 and a beta of 0.97. The firm’s fifty day simple moving average is $6.71 and its 200-day simple moving average is $5.60. Banco Santander, S.A. has a twelve month low of $4.27 and a twelve month high of $7.46. The company has a current ratio of 2.24, a quick ratio of 0.23 and a debt-to-equity ratio of 13.83.

Banco Santander (NYSE:SAN) last posted its quarterly earnings results on Wednesday, April 30th. The bank reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. The company had revenue of $17.69 billion for the quarter, compared to analysts’ expectations of $15.94 billion. Banco Santander had a return on equity of 11.90% and a net margin of 15.88%. Equities analysts forecast that Banco Santander, S.A. will post 0.83 EPS for the current fiscal 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 issued a $0.1152 dividend. This represents a yield of 2.4%. This is an increase from Banco Santander’s previous semi-annual dividend of $0.08. The ex-dividend date of this dividend is Wednesday, April 30th. Banco Santander’s dividend payout ratio is 18.39%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Keefe, Bruyette & Woods upgraded shares of Banco Santander from a “hold” rating to a “moderate buy” rating in a research note on Monday, February 24th. The Goldman Sachs Group downgraded Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Finally, StockNews.com cut Banco Santander from a “buy” rating to a “hold” rating in a research note on Monday. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate 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.