Lincoln National Corp Increases Stock Position in Banco Santander, S.A. (NYSE:SAN)

Posted by on May 12th, 2023

Lincoln National Corp boosted its stake in shares of Banco Santander, S.A. (NYSE:SAN – Get Rating) by 14.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,196 shares of the bank’s stock after purchasing an additional 3,672 shares during the period. Lincoln National Corp’s holdings in Banco Santander were worth $86,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fisher Asset Management LLC lifted its holdings in shares of Banco Santander by 3.9% during the 4th quarter. Fisher Asset Management LLC now owns 145,100,488 shares of the bank’s stock valued at $428,046,000 after buying an additional 5,489,652 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Banco Santander by 87.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,708,245 shares of the bank’s stock valued at $36,194,000 after buying an additional 4,999,413 shares during the period. Teachers Retirement System of The State of Kentucky bought a new position in shares of Banco Santander during the 3rd quarter valued at $9,521,000. Goldman Sachs Group Inc. lifted its holdings in shares of Banco Santander by 37.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 13,999,050 shares of the bank’s stock valued at $47,316,000 after buying an additional 3,805,547 shares during the period. Finally, Jane Street Group LLC lifted its holdings in shares of Banco Santander by 116.0% during the 1st quarter. Jane Street Group LLC now owns 6,417,059 shares of the bank’s stock valued at $21,690,000 after buying an additional 3,445,757 shares during the period. Hedge funds and other institutional investors own 1.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on SAN. HSBC cut Banco Santander from a “buy” rating to a “hold” rating in a report on Monday, May 1st. StockNews.com raised Banco Santander from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, BNP Paribas raised Banco Santander from a “neutral” rating to an “outperform” rating in a report on Wednesday, March 22nd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $3.70.

Banco Santander Price Performance

Shares of Banco Santander stock opened at $3.40 on Friday. The stock’s 50-day simple moving average is $3.66 and its 200-day simple moving average is $3.32. Banco Santander, S.A. has a 52 week low of $2.26 and a 52 week high of $4.09. The company has a market capitalization of $55.94 billion, a price-to-earnings ratio of 5.86 and a beta of 1.08. The company has a quick ratio of 0.34, a current ratio of 2.40 and a debt-to-equity ratio of 14.37.

Banco Santander Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, May 5th. Stockholders of record on Friday, April 28th were given a $0.0631 dividend. This represents a dividend yield of 2%. This is an increase from Banco Santander’s previous semi-annual dividend of $0.06. The ex-dividend date of this dividend was Thursday, April 27th. Banco Santander’s payout ratio is presently 15.52%.

Banco Santander Profile

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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.

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Institutional Ownership by Quarter for Banco Santander (NYSE:SAN)

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