GeoWealth Management LLC Grows Stock Holdings in Banco Santander, S.A. (NYSE:SAN)

GeoWealth Management LLC lifted its position in shares of Banco Santander, S.A. (NYSE:SAN) by 82.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,567 shares of the bank’s stock after purchasing an additional 10,615 shares during the period. GeoWealth Management LLC’s holdings in Banco Santander were worth $107,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. R Squared Ltd purchased a new stake in Banco Santander in the 4th quarter worth approximately $27,000. Larson Financial Group LLC lifted its stake in Banco Santander by 2,226.3% in the fourth quarter. Larson Financial Group LLC now owns 5,839 shares of the bank’s stock worth $27,000 after acquiring an additional 5,588 shares during the period. Sierra Ocean LLC bought a new stake in Banco Santander in the fourth quarter valued at $32,000. Advisors Preferred LLC bought a new position in Banco Santander in the 4th quarter worth $37,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Banco Santander in the 3rd quarter worth about $45,000. 9.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SAN has been the subject of several research analyst reports. Keefe, Bruyette & Woods upgraded shares of Banco Santander from a “hold” rating to a “moderate buy” rating in a report on Monday, February 24th. The Goldman Sachs Group cut Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Finally, StockNews.com upgraded Banco Santander from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. One analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Banco Santander has a consensus rating of “Buy”.

Banco Santander Price Performance

SAN stock opened at $7.11 on Friday. The company has a debt-to-equity ratio of 13.83, a quick ratio of 0.23 and a current ratio of 2.24. The firm has a 50 day moving average price of $6.55 and a 200-day moving average price of $5.47. Banco Santander, S.A. has a 52-week low of $4.27 and a 52-week high of $7.17. The firm has a market capitalization of $107.66 billion, a price-to-earnings ratio of 8.56, a PEG ratio of 0.77 and a beta of 0.81.

Banco Santander (NYSE:SAN) last released its earnings results on Wednesday, February 5th. The bank reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. Banco Santander had a return on equity of 11.90% and a net margin of 15.88%. Equities research analysts forecast that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Banco Santander Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.1152 per share. This is a positive change from Banco Santander’s previous semi-annual dividend of $0.08. This represents a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, April 30th. Banco Santander’s dividend payout ratio (DPR) is currently 19.28%.

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.