Creative Planning Purchases 94,152 Shares of Banco Santander, S.A. (NYSE:SAN)

Creative Planning increased its holdings in Banco Santander, S.A. (NYSE:SAN) by 8.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,182,123 shares of the bank’s stock after purchasing an additional 94,152 shares during the period. Creative Planning’s holdings in Banco Santander were worth $5,473,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Eagle Asset Management Inc. raised its position in shares of Banco Santander by 55.1% during the 4th quarter. Eagle Asset Management Inc. now owns 157,937 shares of the bank’s stock valued at $654,000 after buying an additional 56,123 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in Banco Santander by 30.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 959,806 shares of the bank’s stock valued at $3,974,000 after purchasing an additional 221,567 shares during the period. Sollinda Capital Management LLC bought a new stake in shares of Banco Santander in the 4th quarter valued at approximately $122,000. Barometer Capital Management Inc. purchased a new position in shares of Banco Santander in the 4th quarter worth approximately $119,000. Finally, Sunpointe LLC bought a new position in shares of Banco Santander during the 4th quarter valued at approximately $43,000. Institutional investors own 9.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. StockNews.com lowered shares of Banco Santander from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 22nd. 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 Stock Performance

NYSE:SAN opened at $4.91 on Friday. The firm has a 50-day simple moving average of $4.81 and a 200-day simple moving average of $4.85. Banco Santander, S.A. has a one year low of $3.52 and a one year high of $5.27. The firm has a market cap of $77.70 billion, a P/E ratio of 6.82, a P/E/G ratio of 0.41 and a beta of 1.14.

Banco Santander (NYSE:SAN) last announced its earnings results on Wednesday, July 24th. The bank reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. Banco Santander had a net margin of 15.35% and a return on equity of 11.42%. The business had revenue of $16.87 billion during the quarter. On average, research analysts predict that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Banco Santander Cuts Dividend

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

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.