Wedbush Securities Inc. lowered its holdings in shares of Banco Santander, S.A. (NYSE:SAN – Get Rating) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,436 shares of the bank’s stock after selling 4,206 shares during the quarter. Wedbush Securities Inc.’s holdings in Banco Santander were worth $258,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in SAN. Cetera Investment Advisers bought a new position in shares of Banco Santander in the 1st quarter valued at about $35,000. Brookstone Capital Management bought a new stake in shares of Banco Santander in the 3rd quarter valued at approximately $27,000. Kestra Private Wealth Services LLC purchased a new position in shares of Banco Santander in the 1st quarter worth approximately $39,000. Enterprise Financial Services Corp bought a new position in shares of Banco Santander during the 3rd quarter valued at approximately $27,000. Finally, O Dell Group LLC purchased a new stake in Banco Santander during the 3rd quarter valued at $27,000. 1.90% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have commented on SAN shares. StockNews.com lowered shares of Banco Santander from a “buy” rating to a “hold” rating in a research note on Friday, March 31st. BNP Paribas upgraded shares of Banco Santander from a “neutral” rating to an “outperform” rating in a report on Wednesday, March 22nd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $3.76.
Banco Santander Price Performance
Banco Santander (NYSE:SAN – Get Rating) last posted its earnings results on Thursday, February 2nd. The bank reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. Banco Santander had a net margin of 18.47% and a return on equity of 9.77%. The business had revenue of $14.25 billion for the quarter, compared to the consensus estimate of $14.43 billion. On average, equities research analysts anticipate that Banco Santander, S.A. will post 0.6 earnings per share for the current fiscal year.
Banco Santander Increases Dividend
The business also recently announced a semi-annual dividend, which will be paid on Friday, May 5th. Shareholders of record on Friday, April 28th will be given a dividend of $0.0631 per share. This represents a yield of 2%. The ex-dividend date of this dividend is Thursday, April 27th. This is a boost from Banco Santander’s previous semi-annual dividend of $0.06. Banco Santander’s dividend payout ratio (DPR) is 13.79%.
About Banco Santander
Banco Santander SA is a banking services company, which engages in the provision of banking services to individuals, companies, and institutions. It operates through the following segments: Europe, North America, South America, and Digital Consumer Bank. The Europe segment comprises business activities carried out in the region.
Further Reading
- Get a free copy of the StockNews.com research report on Banco Santander (SAN)
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