May Hill Capital LLC Purchases 2,249 Shares of Banco Santander, S.A. $SAN

May Hill Capital LLC lifted its position in Banco Santander, S.A. (NYSE:SAN) by 10.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 24,166 shares of the bank’s stock after purchasing an additional 2,249 shares during the quarter. May Hill Capital LLC’s holdings in Banco Santander were worth $201,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Richardson Financial Services Inc. bought a new stake in shares of Banco Santander in the 2nd quarter worth about $25,000. Wayfinding Financial LLC bought a new stake in Banco Santander during the 1st quarter worth about $28,000. Dogwood Wealth Management LLC bought a new stake in Banco Santander during the 2nd quarter worth about $33,000. Whipplewood Advisors LLC grew its holdings in Banco Santander by 35,550.0% during the 2nd quarter. Whipplewood Advisors LLC now owns 4,991 shares of the bank’s stock worth $41,000 after acquiring an additional 4,977 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its holdings in Banco Santander by 478.8% during the 2nd quarter. TD Private Client Wealth LLC now owns 5,203 shares of the bank’s stock worth $43,000 after acquiring an additional 4,304 shares during the last quarter. Institutional investors own 9.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Kepler Capital Markets lowered shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Santander in a report on Wednesday, October 8th. The Goldman Sachs Group lowered shares of Banco Santander from a “strong-buy” rating to a “strong sell” rating in a report on Thursday, October 16th. Finally, Zacks Research raised shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Banco Santander Trading Up 2.1%

Shares of NYSE SAN opened at $10.08 on Wednesday. The firm has a market capitalization of $150.00 billion, a PE ratio of 11.20, a price-to-earnings-growth ratio of 0.67 and a beta of 1.02. Banco Santander, S.A. has a 1 year low of $4.43 and a 1 year high of $10.50. The firm’s 50-day moving average is $9.91 and its 200-day moving average is $8.72.

Banco Santander (NYSE:SAN) last issued its earnings results on Wednesday, July 30th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.04). The business had revenue of $17.83 billion during the quarter, compared to the consensus estimate of $17.69 billion. Banco Santander had a net margin of 17.30% and a return on equity of 11.98%. As a group, equities research analysts anticipate that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Banco Santander Announces Dividend

The company also recently declared a dividend, which will be paid on Thursday, November 6th. Investors of record on Friday, October 31st will be given a $0.0956 dividend. This represents a dividend yield of 196.0%. The ex-dividend date is Friday, October 31st. Banco Santander’s dividend payout ratio (DPR) is currently 20.00%.

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.