Banco Santander, S.A. $SAN Shares Sold by Waterfront Wealth Inc.

Waterfront Wealth Inc. decreased its holdings in Banco Santander, S.A. (NYSE:SAN) by 53.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,666 shares of the bank’s stock after selling 43,881 shares during the quarter. Waterfront Wealth Inc.’s holdings in Banco Santander were worth $477,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. West Family Investments Inc. boosted its position in shares of Banco Santander by 2.0% in the 3rd quarter. West Family Investments Inc. now owns 49,186 shares of the bank’s stock worth $515,000 after purchasing an additional 965 shares in the last quarter. Riversedge Advisors LLC lifted its position in Banco Santander by 3.5% during the 4th quarter. Riversedge Advisors LLC now owns 29,426 shares of the bank’s stock worth $345,000 after acquiring an additional 987 shares during the period. Stratos Investment Management LLC lifted its position in Banco Santander by 6.3% during the 4th quarter. Stratos Investment Management LLC now owns 16,870 shares of the bank’s stock worth $198,000 after acquiring an additional 1,005 shares during the period. B. Riley Wealth Advisors Inc. lifted its position in Banco Santander by 5.5% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 19,756 shares of the bank’s stock worth $207,000 after acquiring an additional 1,036 shares during the period. Finally, Fiduciary Financial Group LLC lifted its position in Banco Santander by 6.7% during the 3rd quarter. Fiduciary Financial Group LLC now owns 16,554 shares of the bank’s stock worth $173,000 after acquiring an additional 1,038 shares during the period. Institutional investors and hedge funds own 9.19% of the company’s stock.

Banco Santander Stock Performance

NYSE SAN opened at $12.88 on Monday. The stock has a 50-day simple moving average of $11.75 and a two-hundred day simple moving average of $11.35. The firm has a market capitalization of $191.65 billion, a P/E ratio of 12.75, a PEG ratio of 0.78 and a beta of 0.76. Banco Santander, S.A. has a fifty-two week low of $6.61 and a fifty-two week high of $13.24. The company has a debt-to-equity ratio of 3.15, a quick ratio of 0.33 and a current ratio of 0.33.

Banco Santander (NYSE:SAN) last released its quarterly earnings data on Wednesday, February 4th. The bank reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. The business had revenue of $17.68 billion during the quarter, compared to analyst estimates of $15.89 billion. Banco Santander had a return on equity of 12.14% and a net margin of 18.85%. On average, equities analysts forecast that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Banco Santander Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 8th. Investors of record on Monday, May 4th will be paid a $0.1473 dividend. This represents a dividend yield of 254.0%. The ex-dividend date is Monday, May 4th. Banco Santander’s payout ratio is currently 18.81%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SAN shares. Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 23rd. Kepler Capital Markets raised Banco Santander from a “hold” rating to a “buy” rating in a research report on Tuesday, January 13th. UBS Group reaffirmed a “buy” rating on shares of Banco Santander in a research report on Monday, February 16th. Barclays cut Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, Royal Bank Of Canada raised Banco Santander from a “sector perform” rating to an “outperform” rating in a research report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Banco Santander Company Profile

Banco Santander, SA (NYSE: SAN) is a Spanish multinational banking group headquartered in Santander, Spain. Founded in 1857, the bank has grown from a regional institution into one of Europe’s largest banking groups, operating a diversified financial services platform that serves retail, small and medium-sized enterprises, and large corporate clients. Santander is publicly listed in Spain and maintains American Depositary Receipts on the New York Stock Exchange under the ticker SAN.

The group’s core activities include retail and commercial banking—offering deposit accounts, payment services, mortgages, personal and auto loans, and small business financing—alongside corporate and investment banking services for larger institutional clients.