10,277 Shares in Banco Santander, S.A. (NYSE:SAN) Bought by SYM FINANCIAL Corp

SYM FINANCIAL Corp acquired a new position in Banco Santander, S.A. (NYSE:SAN) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,277 shares of the bank’s stock, valued at approximately $43,000.

Several other large investors also recently modified their holdings of the company. Riversedge Advisors LLC purchased a new stake in shares of Banco Santander during the fourth quarter worth about $42,000. Raymond James Trust N.A. purchased a new stake in shares of Banco Santander during the fourth quarter worth about $43,000. HB Wealth Management LLC purchased a new stake in shares of Banco Santander during the fourth quarter worth about $43,000. Allworth Financial LP grew its position in shares of Banco Santander by 46.3% during the fourth quarter. Allworth Financial LP now owns 10,795 shares of the bank’s stock worth $45,000 after purchasing an additional 3,415 shares in the last quarter. Finally, Boltwood Capital Management purchased a new stake in shares of Banco Santander during the fourth quarter worth about $46,000. Institutional investors own 9.19% of the company’s stock.

Analysts Set New Price Targets

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

Banco Santander Price Performance

Banco Santander stock traded down $0.04 during midday trading on Friday, reaching $4.83. 1,502,812 shares of the stock traded hands, compared to its average volume of 4,117,114. The stock’s fifty day moving average is $4.63 and its 200-day moving average is $4.22. Banco Santander, S.A. has a 12 month low of $3.20 and a 12 month high of $5.17. The stock has a market cap of $76.44 billion, a P/E ratio of 6.71, a PEG ratio of 0.46 and a beta of 1.19. The company has a quick ratio of 0.35, a current ratio of 2.27 and a debt-to-equity ratio of 13.96.

Banco Santander (NYSE:SAN) last announced its quarterly earnings results on Tuesday, January 30th. The bank reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. The company had revenue of $15.67 billion during the quarter. Banco Santander had a return on equity of 10.95% and a net margin of 14.98%. During the same period in the previous year, the company posted $0.14 earnings per share. As a group, equities research analysts anticipate that Banco Santander, S.A. will post 0.8 EPS for the current year.

Banco Santander Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Tuesday, April 30th will be paid a $0.1027 dividend. This represents a dividend yield of 3.2%. This is a positive change from Banco Santander’s previous semi-annual dividend of $0.09. The ex-dividend date of this dividend is Monday, April 29th. Banco Santander’s dividend payout ratio (DPR) is presently 20.83%.

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.