Raymond James Trust N.A. Acquires New Position in Banco Santander, S.A. (NYSE:SAN)

Raymond James Trust N.A. bought a new position in Banco Santander, S.A. (NYSE:SAN) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,334 shares of the bank’s stock, valued at approximately $43,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Macquarie Group Ltd. lifted its stake in shares of Banco Santander by 2.7% in the 1st quarter. Macquarie Group Ltd. now owns 21,100,827 shares of the bank’s stock worth $77,862,000 after acquiring an additional 547,609 shares during the period. Morgan Stanley lifted its stake in Banco Santander by 9.7% during the fourth quarter. Morgan Stanley now owns 20,137,558 shares of the bank’s stock valued at $59,406,000 after purchasing an additional 1,777,193 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Banco Santander by 37.3% during the first quarter. Goldman Sachs Group Inc. now owns 13,999,050 shares of the bank’s stock valued at $47,316,000 after purchasing an additional 3,805,547 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Banco Santander by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 12,038,463 shares of the bank’s stock valued at $44,422,000 after purchasing an additional 298,818 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Banco Santander by 87.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 10,708,245 shares of the bank’s stock valued at $36,194,000 after purchasing an additional 4,999,413 shares during the last quarter. Institutional investors own 9.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barclays raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Monday.

Banco Santander Stock Up 1.5 %

Shares of NYSE:SAN opened at $4.84 on Thursday. The company has a debt-to-equity ratio of 4.24, a quick ratio of 0.35 and a current ratio of 0.35. The company has a market cap of $76.60 billion, a PE ratio of 6.91, a price-to-earnings-growth ratio of 0.46 and a beta of 1.20. Banco Santander, S.A. has a 52 week low of $3.20 and a 52 week high of $4.85. The firm has a 50 day simple moving average of $4.15 and a 200 day simple moving average of $3.99.

Banco Santander (NYSE:SAN) last issued its quarterly earnings results on Tuesday, January 30th. The bank reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. The business had revenue of $15.67 billion during the quarter. Banco Santander had a net margin of 19.29% and a return on equity of 10.82%. During the same quarter last year, the company posted $0.14 EPS. As a group, research analysts expect that Banco Santander, S.A. will post 0.81 earnings per share 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. Shareholders of record on Tuesday, April 30th will be paid a $0.1027 dividend. This represents a yield of 3.2%. The ex-dividend date is Monday, April 29th. This is a positive change from Banco Santander’s previous semi-annual dividend of $0.09. Banco Santander’s dividend payout ratio is currently 20.00%.

Banco Santander Company 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 corporate finance, global debt financing and market, global transaction banking, and private debt mobilization solutions.