Banco Santander, S.A. (NYSE:SAN) Shares Purchased by Glassman Wealth Services

Glassman Wealth Services lifted its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 56.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,565 shares of the bank’s stock after acquiring an additional 3,444 shares during the quarter. Glassman Wealth Services’ holdings in Banco Santander were worth $40,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. FMR LLC grew its holdings in Banco Santander by 1.4% during the 3rd quarter. FMR LLC now owns 9,217,199 shares of the bank’s stock worth $34,657,000 after acquiring an additional 124,106 shares in the last quarter. Optiver Holding B.V. grew its stake in Banco Santander by 770.4% in the third quarter. Optiver Holding B.V. now owns 7,722,405 shares of the bank’s stock worth $29,036,000 after purchasing an additional 6,835,153 shares in the last quarter. American Century Companies Inc. raised its stake in Banco Santander by 6.9% during the third quarter. American Century Companies Inc. now owns 3,008,881 shares of the bank’s stock valued at $11,313,000 after buying an additional 193,323 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in Banco Santander by 20.0% during the 4th quarter. QRG Capital Management Inc. now owns 1,112,792 shares of the bank’s stock worth $4,607,000 after buying an additional 185,201 shares during the last quarter. Finally, Natixis Advisors L.P. grew its position in shares of Banco Santander by 19.1% in the 4th quarter. Natixis Advisors L.P. now owns 1,106,340 shares of the bank’s stock worth $4,579,000 after acquiring an additional 177,692 shares in the last quarter. Institutional investors and hedge funds own 9.19% of the company’s stock.

Banco Santander Stock Performance

SAN traded up $0.07 on Thursday, hitting $4.87. 3,063,652 shares of the company’s stock were exchanged, compared to its average volume of 3,266,109. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 4.24. The stock has a fifty day moving average of $4.60 and a two-hundred day moving average of $4.20. Banco Santander, S.A. has a twelve month low of $3.20 and a twelve month high of $5.17. The firm has a market cap of $76.99 billion, a PE ratio of 6.78, a P/E/G ratio of 0.46 and a beta of 1.19.

Banco Santander (NYSE:SAN) last announced its quarterly earnings results on Tuesday, January 30th. The bank reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. The business had revenue of $15.67 billion for the quarter. Banco Santander had a return on equity of 11.00% and a net margin of 14.98%. During the same period last year, the business posted $0.14 EPS. On average, research analysts anticipate that Banco Santander, S.A. will post 0.8 earnings per share for the current fiscal year.

Banco Santander Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.1027 per share. This is an increase from Banco Santander’s previous semi-annual dividend of $0.09. The ex-dividend date of this dividend is Monday, April 29th. This represents a dividend yield of 3.2%. Banco Santander’s payout ratio is 20.83%.

Analysts Set New Price Targets

Separately, Barclays upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 25th.

Banco Santander 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.