Atria Investments Inc Acquires 1,917 Shares of Banco Santander, S.A. (NYSE:SAN)

Atria Investments Inc increased its position in shares of Banco Santander, S.A. (NYSE:SANFree Report) by 7.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,990 shares of the bank’s stock after purchasing an additional 1,917 shares during the quarter. Atria Investments Inc’s holdings in Banco Santander were worth $132,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Carrera Capital Advisors boosted its holdings in Banco Santander by 27.5% during the fourth quarter. Carrera Capital Advisors now owns 675,280 shares of the bank’s stock worth $3,079,000 after purchasing an additional 145,806 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Banco Santander by 10.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,135,377 shares of the bank’s stock valued at $5,177,000 after acquiring an additional 110,821 shares during the last quarter. SRS Capital Advisors Inc. boosted its stake in Banco Santander by 40.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 14,618 shares of the bank’s stock valued at $67,000 after acquiring an additional 4,241 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Banco Santander by 62.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 105,415 shares of the bank’s stock valued at $479,000 after acquiring an additional 40,438 shares during the last quarter. Finally, Capital Wealth Planning LLC boosted its stake in Banco Santander by 8.8% in the fourth quarter. Capital Wealth Planning LLC now owns 422,967 shares of the bank’s stock valued at $1,929,000 after acquiring an additional 34,352 shares during the last quarter. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

Banco Santander Price Performance

SAN stock opened at $7.09 on Thursday. The company has a debt-to-equity ratio of 13.83, a quick ratio of 0.23 and a current ratio of 2.24. Banco Santander, S.A. has a 52 week low of $4.27 and a 52 week high of $7.16. The firm’s fifty day moving average is $5.77 and its 200 day moving average is $5.15. The firm has a market cap of $107.36 billion, a P/E ratio of 8.54, a P/E/G ratio of 0.77 and a beta of 1.09.

Banco Santander (NYSE:SANGet Free Report) last released its earnings results on Wednesday, February 5th. The bank reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. Banco Santander had a net margin of 15.88% and a return on equity of 11.90%. Research analysts predict that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Banco Santander Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.1152 per share. The ex-dividend date is Wednesday, April 30th. This represents a yield of 2.4%. This is a boost from Banco Santander’s previous semi-annual dividend of $0.08. Banco Santander’s dividend payout ratio is presently 19.28%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Morgan Stanley upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 26th. StockNews.com raised shares of Banco Santander from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. The Goldman Sachs Group lowered shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods raised shares of Banco Santander from a “hold” rating to a “moderate buy” rating in a report on Monday, February 24th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Check Out Our Latest Report on SAN

Banco Santander Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Banco Santander (NYSE:SAN)

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