37,915 Shares in Banco Santander SA (SAN) Acquired by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC acquired a new position in shares of Banco Santander SA (NYSE:SAN) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 37,915 shares of the bank’s stock, valued at approximately $176,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Enterprise Financial Services Corp boosted its stake in shares of Banco Santander by 85.6% during the 1st quarter. Enterprise Financial Services Corp now owns 5,370 shares of the bank’s stock worth $25,000 after acquiring an additional 2,477 shares in the last quarter. Park Avenue Securities LLC boosted its stake in shares of Banco Santander by 15.7% during the 1st quarter. Park Avenue Securities LLC now owns 18,745 shares of the bank’s stock worth $90,000 after acquiring an additional 2,543 shares in the last quarter. Cornerstone Advisors Inc. boosted its stake in shares of Banco Santander by 53.9% during the 1st quarter. Cornerstone Advisors Inc. now owns 7,473 shares of the bank’s stock worth $35,000 after acquiring an additional 2,616 shares in the last quarter. American Assets Investment Management LLC boosted its stake in shares of Banco Santander by 0.8% during the 4th quarter. American Assets Investment Management LLC now owns 332,233 shares of the bank’s stock worth $1,488,000 after acquiring an additional 2,679 shares in the last quarter. Finally, HighPoint Advisor Group LLC boosted its stake in shares of Banco Santander by 19.1% during the 4th quarter. HighPoint Advisor Group LLC now owns 16,689 shares of the bank’s stock worth $78,000 after acquiring an additional 2,680 shares in the last quarter. 1.89% of the stock is owned by institutional investors and hedge funds.

SAN has been the subject of several research reports. TheStreet lowered Banco Santander from an “a-” rating to a “d” rating in a research note on Thursday, February 7th. Goldman Sachs Group upgraded Banco Santander to a “buy” rating and set a $6.00 target price for the company in a report on Saturday, February 9th. Royal Bank of Canada upgraded Banco Santander from a “sector perform” rating to an “outperform” rating in a report on Wednesday, March 13th. Morgan Stanley upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Wednesday, March 13th. Finally, Zacks Investment Research lowered Banco Santander from a “hold” rating to a “sell” rating in a report on Tuesday, January 22nd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $5.75.

SAN opened at $4.67 on Friday. The firm has a market capitalization of $74.91 billion, a PE ratio of 8.49, a price-to-earnings-growth ratio of 4.79 and a beta of 1.11. Banco Santander SA has a 12-month low of $4.21 and a 12-month high of $6.62. The company has a quick ratio of 0.31, a current ratio of 2.97 and a debt-to-equity ratio of 11.66.

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 9th. Stockholders of record on Tuesday, April 30th were issued a $0.052 dividend. The ex-dividend date was Monday, April 29th. This represents a $0.21 dividend on an annualized basis and a dividend yield of 4.45%. This is a positive change from Banco Santander’s previous quarterly dividend of $0.05. Banco Santander’s dividend payout ratio is presently 38.18%.

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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; mortgages, consumer finance, auto finance, and personal loans; export and agency finance, trade and working capital solutions, syndicated corporate loans, and structured financing; debt capital markets and global markets services; and debit and credit cards.

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

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