OLD Mission Capital LLC Increases Stake in Banco Santander, S.A. (NYSE:SAN)

OLD Mission Capital LLC grew its holdings in Banco Santander, S.A. (NYSE:SAN) by 41.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 606,345 shares of the bank’s stock after buying an additional 176,853 shares during the period. OLD Mission Capital LLC’s holdings in Banco Santander were worth $2,765,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Atria Investments Inc lifted its stake in Banco Santander by 7.1% in the 4th quarter. Atria Investments Inc now owns 28,990 shares of the bank’s stock worth $132,000 after purchasing an additional 1,917 shares in the last quarter. Principal Securities Inc. lifted its position in Banco Santander by 13.4% during the fourth quarter. Principal Securities Inc. now owns 17,230 shares of the bank’s stock worth $79,000 after buying an additional 2,032 shares in the last quarter. Riversedge Advisors LLC boosted its stake in Banco Santander by 14.3% during the fourth quarter. Riversedge Advisors LLC now owns 17,220 shares of the bank’s stock worth $79,000 after buying an additional 2,148 shares during the last quarter. Kathmere Capital Management LLC grew its holdings in Banco Santander by 4.9% in the 4th quarter. Kathmere Capital Management LLC now owns 50,013 shares of the bank’s stock valued at $228,000 after buying an additional 2,320 shares in the last quarter. Finally, OLD National Bancorp IN increased its stake in shares of Banco Santander by 7.6% in the 4th quarter. OLD National Bancorp IN now owns 33,952 shares of the bank’s stock worth $155,000 after acquiring an additional 2,392 shares during the last quarter. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group cut shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. StockNews.com raised shares of Banco Santander from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Finally, Keefe, Bruyette & Woods raised shares of Banco Santander from a “hold” rating to a “moderate buy” rating in a research report on Monday, February 24th. One analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Banco Santander Stock Up 1.1 %

Shares of SAN opened at $6.78 on Wednesday. The company’s 50-day moving average price is $6.15 and its 200 day moving average price is $5.29. Banco Santander, S.A. has a 12-month low of $4.27 and a 12-month high of $7.16. The company has a current ratio of 2.24, a quick ratio of 0.23 and a debt-to-equity ratio of 13.83. The firm has a market cap of $102.66 billion, a P/E ratio of 8.16, a price-to-earnings-growth ratio of 0.77 and a beta of 1.09.

Banco Santander (NYSE:SAN) last issued its quarterly earnings data on Wednesday, February 5th. The bank reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. Banco Santander had a net margin of 15.88% and a return on equity of 11.90%. On average, sell-side analysts forecast that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Banco Santander Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 30th will be paid a $0.1152 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This is a boost from Banco Santander’s previous semi-annual dividend of $0.08. This represents a dividend yield of 2.4%. Banco Santander’s payout ratio is presently 19.28%.

About Banco Santander

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.