HighPoint Advisor Group LLC lifted its stake in Banco Santander SA (NYSE:SAN) by 19.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,689 shares of the bank’s stock after purchasing an additional 2,680 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Banco Santander were worth $78,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Lenox Wealth Management Inc. grew its position in Banco Santander by 1,064.1% in the fourth quarter. Lenox Wealth Management Inc. now owns 5,844 shares of the bank’s stock worth $26,000 after acquiring an additional 5,342 shares during the period. Ipswich Investment Management Co. Inc. purchased a new position in Banco Santander in the fourth quarter worth approximately $30,000. Sontag Advisory LLC purchased a new position in Banco Santander in the fourth quarter worth approximately $40,000. Parallel Advisors LLC grew its position in Banco Santander by 76.5% in the fourth quarter. Parallel Advisors LLC now owns 9,606 shares of the bank’s stock worth $43,000 after acquiring an additional 4,164 shares during the period. Finally, Legacy Financial Advisors Inc. grew its position in Banco Santander by 459.0% in the fourth quarter. Legacy Financial Advisors Inc. now owns 10,102 shares of the bank’s stock worth $45,000 after acquiring an additional 8,295 shares during the period. 1.86% of the stock is owned by hedge funds and other institutional investors.
SAN has been the subject of several analyst reports. Zacks Investment Research lowered Banco Santander from a “hold” rating to a “sell” rating in a research report on Saturday, February 2nd. ValuEngine lowered Banco Santander from a “sell” rating to a “strong sell” rating in a research report on Thursday, April 11th. Goldman Sachs Group upgraded Banco Santander to a “buy” rating and set a $6.00 price target for the company in a research report on Saturday, February 9th. Finally, TheStreet lowered Banco Santander from an “a-” rating to a “d” rating in a research report on Thursday, February 7th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $5.75.
Banco Santander (NYSE:SAN) last released its quarterly earnings results on Tuesday, January 29th. The bank reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). Banco Santander had a return on equity of 7.56% and a net margin of 16.13%. The firm had revenue of $14.31 billion for the quarter. Sell-side analysts expect that Banco Santander SA will post 0.55 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Tuesday, April 30th will be paid a $0.0731 dividend. This represents a $0.29 annualized dividend and a dividend yield of 5.69%. The ex-dividend date is Monday, April 29th. Banco Santander’s payout ratio is currently 41.82%.
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Banco Santander Company Profile
Banco Santander, SA, together with its subsidiaries, provides various retail and commercial banking products and services for individual and corporate clients worldwide. It offers demand and time deposits, and current and savings accounts; certificates of deposit; mortgages, auto finance, and personal loans; working capital finance; and debit and credit cards, as well as life and non-life insurance products.
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