Simplicity Wealth LLC Takes $146,000 Position in Banco Santander, S.A. (NYSE:SAN)

Simplicity Wealth LLC acquired a new position in Banco Santander, S.A. (NYSE:SAN) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 30,164 shares of the bank’s stock, valued at approximately $146,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Raymond James & Associates grew its position in shares of Banco Santander by 4.2% during the 3rd quarter. Raymond James & Associates now owns 192,244 shares of the bank’s stock valued at $723,000 after acquiring an additional 7,816 shares during the period. Orion Portfolio Solutions LLC lifted its stake in Banco Santander by 7.1% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 95,058 shares of the bank’s stock worth $357,000 after purchasing an additional 6,309 shares in the last quarter. M&T Bank Corp boosted its holdings in Banco Santander by 21.4% in the 3rd quarter. M&T Bank Corp now owns 57,364 shares of the bank’s stock valued at $216,000 after purchasing an additional 10,108 shares during the period. Private Advisor Group LLC boosted its holdings in Banco Santander by 21.9% in the 3rd quarter. Private Advisor Group LLC now owns 69,111 shares of the bank’s stock valued at $260,000 after purchasing an additional 12,405 shares during the period. Finally, Signaturefd LLC boosted its holdings in Banco Santander by 7.9% in the 3rd quarter. Signaturefd LLC now owns 206,012 shares of the bank’s stock valued at $775,000 after purchasing an additional 15,088 shares during the period. 9.19% of the stock is owned by institutional investors.

Banco Santander Trading Up 0.4 %

Shares of SAN stock traded up $0.02 during mid-day trading on Friday, reaching $5.11. The stock had a trading volume of 1,121,646 shares, compared to its average volume of 2,321,394. The stock’s 50-day moving average price is $4.89 and its two-hundred day moving average price is $4.37. Banco Santander, S.A. has a 52-week low of $3.20 and a 52-week high of $5.27. The firm has a market capitalization of $80.87 billion, a PE ratio of 7.10, a price-to-earnings-growth ratio of 0.49 and a beta of 1.19. The company has a current ratio of 2.27, a quick ratio of 0.35 and a debt-to-equity ratio of 13.96.

Banco Santander (NYSE:SAN) last released its quarterly earnings data on Tuesday, April 30th. The bank reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Banco Santander had a net margin of 14.98% and a return on equity of 10.95%. The firm had revenue of $16.34 billion during the quarter. 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 business also recently declared a semi-annual dividend, which was paid on Tuesday, May 7th. Investors of record on Tuesday, April 30th were given a dividend of $0.1027 per share. The ex-dividend date was Monday, April 29th. This represents a dividend yield of 3.2%. This is a boost from Banco Santander’s previous semi-annual dividend of $0.09. Banco Santander’s payout ratio is currently 19.44%.

Analyst Upgrades and Downgrades

SAN has been the subject of several analyst reports. StockNews.com raised shares of Banco Santander from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 14th. 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 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.