Girard Partners LTD. acquired a new position in shares of Banco Santander, S.A. (NYSE:SAN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 40,227 shares of the bank’s stock, valued at approximately $215,000.
Other large investors have also bought and sold shares of the company. Delpha Capital Management LLC bought a new stake in Banco Santander during the first quarter worth about $127,000. X Square Capital LLC boosted its stake in Banco Santander by 76.1% during the first quarter. X Square Capital LLC now owns 19,541 shares of the bank’s stock worth $128,000 after acquiring an additional 8,445 shares in the last quarter. Banque Pictet & Cie SA bought a new stake in Banco Santander during the first quarter worth about $130,000. Premia Global Advisors LLC bought a new stake in Banco Santander during the first quarter worth about $130,000. Finally, Zions Bancorporation bought a new stake in Banco Santander during the first quarter worth about $152,000. 1.57% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Banco Santander from a “buy” rating to a “hold” rating in a research note on Tuesday, April 24th. ValuEngine lowered shares of Banco Santander from a “hold” rating to a “sell” rating in a research note on Tuesday, May 29th. Finally, HSBC raised shares of Banco Santander from a “hold” rating to a “buy” rating in a research note on Thursday, June 14th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. Banco Santander currently has a consensus rating of “Hold” and a consensus target price of $6.85.
Banco Santander (NYSE:SAN) last issued its earnings results on Wednesday, July 25th. The bank reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.01. The firm had revenue of $14.33 billion for the quarter. Banco Santander had a net margin of 13.97% and a return on equity of 7.55%. research analysts anticipate that Banco Santander, S.A. will post 0.56 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, August 13th. Stockholders of record on Tuesday, July 31st were paid a $0.0755 dividend. This represents a $0.30 annualized dividend and a dividend yield of 5.97%. The ex-dividend date was Monday, July 30th. This is an increase from Banco Santander’s previous quarterly dividend of $0.07. Banco Santander’s dividend payout ratio is currently 44.23%.
About Banco Santander
Banco Santander, SA, together with its subsidiaries, provides various retail and commercial banking products and services for individual and corporate clients worldwide. It offers demand and time deposits, and current and savings accounts; certificates of deposit; mortgages, auto finance, and personal loans; working capital finance; and debit and credit cards, as well as life and non-life insurance products.
Further Reading: Stock Symbols and CUSIP Explained
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