Signaturefd LLC Acquires 37,418 Shares of Banco Santander, S.A. (NYSE:SAN)

Signaturefd LLC raised its holdings in Banco Santander, S.A. (NYSE:SAN) by 18.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 243,430 shares of the bank’s stock after buying an additional 37,418 shares during the quarter. Signaturefd LLC’s holdings in Banco Santander were worth $1,008,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Riversedge Advisors LLC acquired a new position in shares of Banco Santander during the 4th quarter valued at $42,000. Raymond James Trust N.A. bought a new stake in Banco Santander in the fourth quarter valued at $43,000. HB Wealth Management LLC acquired a new position in shares of Banco Santander during the fourth quarter valued at about $43,000. Allworth Financial LP boosted its position in shares of Banco Santander by 46.3% during the 4th quarter. Allworth Financial LP now owns 10,795 shares of the bank’s stock worth $45,000 after purchasing an additional 3,415 shares in the last quarter. Finally, Boltwood Capital Management bought a new position in shares of Banco Santander in the 4th quarter worth $46,000. 9.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Barclays upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Monday, March 25th.

Banco Santander Stock Up 2.4 %

SAN stock opened at $4.87 on Tuesday. The firm has a market capitalization of $76.99 billion, a PE ratio of 6.95, a P/E/G ratio of 0.46 and a beta of 1.22. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 4.24. Banco Santander, S.A. has a twelve month low of $3.20 and a twelve month high of $5.05. The stock’s 50 day moving average is $4.46 and its 200-day moving average is $4.14.

Banco Santander (NYSE:SAN) last issued its quarterly earnings data on Tuesday, January 30th. The bank reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. Banco Santander had a return on equity of 10.82% and a net margin of 19.29%. The business had revenue of $15.67 billion for the quarter. During the same quarter last year, the business posted $0.14 earnings per share. Sell-side analysts expect that Banco Santander, S.A. will post 0.8 EPS for the current fiscal year.

Banco Santander Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Tuesday, April 30th will be given a $0.1027 dividend. This represents a yield of 3.2%. This is an increase from Banco Santander’s previous semi-annual dividend of $0.09. The ex-dividend date of this dividend is Monday, April 29th. Banco Santander’s dividend payout ratio is presently 17.14%.

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.