Banco Santander, S.A. (NYSE:SAN) Shares Bought by OLD National Bancorp IN

OLD National Bancorp IN boosted its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 7.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,521 shares of the bank’s stock after buying an additional 2,739 shares during the quarter. OLD National Bancorp IN’s holdings in Banco Santander were worth $168,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. FMR LLC grew its position in Banco Santander by 1.4% during the third quarter. FMR LLC now owns 9,217,199 shares of the bank’s stock worth $34,657,000 after buying an additional 124,106 shares during the period. Optiver Holding B.V. grew its position in shares of Banco Santander by 770.4% in the third quarter. Optiver Holding B.V. now owns 7,722,405 shares of the bank’s stock valued at $29,036,000 after purchasing an additional 6,835,153 shares during the last quarter. American Century Companies Inc. grew its position in shares of Banco Santander by 6.9% in the third quarter. American Century Companies Inc. now owns 3,008,881 shares of the bank’s stock valued at $11,313,000 after purchasing an additional 193,323 shares during the last quarter. Natixis Advisors L.P. grew its position in shares of Banco Santander by 7.0% in the third quarter. Natixis Advisors L.P. now owns 928,648 shares of the bank’s stock valued at $3,492,000 after purchasing an additional 61,052 shares during the last quarter. Finally, QRG Capital Management Inc. acquired a new stake in shares of Banco Santander in the third quarter valued at approximately $3,488,000. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Banco Santander Stock Up 0.9 %

SAN stock opened at $5.11 on Friday. Banco Santander, S.A. has a 12 month low of $3.20 and a 12 month high of $5.17. The company’s 50 day simple moving average is $4.55 and its 200-day simple moving average is $4.17. The firm has a market capitalization of $80.79 billion, a PE ratio of 7.29, a P/E/G ratio of 0.49 and a beta of 1.22. The company has a debt-to-equity ratio of 4.24, a current ratio of 0.35 and a quick ratio of 0.35.

Banco Santander (NYSE:SAN) last announced its earnings results on Tuesday, January 30th. The bank reported $0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.18. Banco Santander had a net margin of 19.29% and a return on equity of 10.82%. The firm had revenue of $15.67 billion for the quarter. During the same quarter last year, the business posted $0.14 EPS. Equities analysts expect that Banco Santander, S.A. will post 0.8 earnings per share for the current fiscal year.

Banco Santander Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Tuesday, May 7th. Investors of record on Tuesday, April 30th will be given a dividend of $0.1027 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a yield of 3.2%. This is a positive change from Banco Santander’s previous semi-annual dividend of $0.09. Banco Santander’s dividend payout ratio (DPR) is 17.14%.

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.