Banco Santander, S.A. (NYSE:SAN) Shares Acquired by Lindbrook Capital LLC

Lindbrook Capital LLC increased its holdings in Banco Santander, S.A. (NYSE:SAN) by 24.9% during the 4th quarter, HoldingsChannel reports. The fund owned 34,437 shares of the bank’s stock after acquiring an additional 6,862 shares during the quarter. Lindbrook Capital LLC’s holdings in Banco Santander were worth $143,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Riversedge Advisors LLC acquired a new position in shares of Banco Santander in the fourth quarter worth about $42,000. Raymond James Trust N.A. acquired a new stake in Banco Santander during the fourth quarter valued at approximately $43,000. HB Wealth Management LLC acquired a new stake in Banco Santander during the fourth quarter valued at approximately $43,000. Allworth Financial LP raised its stake in Banco Santander by 46.3% during the fourth quarter. Allworth Financial LP now owns 10,795 shares of the bank’s stock valued at $45,000 after buying an additional 3,415 shares in the last quarter. Finally, Boltwood Capital Management acquired a new stake in Banco Santander during the fourth quarter valued at approximately $46,000. Institutional investors and hedge funds own 9.19% of the company’s stock.

Banco Santander Stock Up 2.8 %

Shares of Banco Santander stock opened at $5.00 on Wednesday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 4.24. The business’s 50 day simple moving average is $4.48 and its 200-day simple moving average is $4.15. The stock has a market capitalization of $79.05 billion, a price-to-earnings ratio of 7.14, a PEG ratio of 0.47 and a beta of 1.22. Banco Santander, S.A. has a twelve month low of $3.20 and a twelve month high of $5.05.

Banco Santander (NYSE:SAN) last announced its quarterly earnings results on Tuesday, January 30th. The bank reported $0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.18. The business had revenue of $15.67 billion for the quarter. Banco Santander had a return on equity of 10.82% and a net margin of 19.29%. During the same quarter in the previous year, the company posted $0.14 earnings per share. Equities research analysts forecast that Banco Santander, S.A. will post 0.8 earnings per share for the current year.

Banco Santander Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.1027 per share. This represents a dividend yield of 3.2%. This is a boost from Banco Santander’s previous semi-annual dividend of $0.09. The ex-dividend date is Monday, April 29th. Banco Santander’s dividend payout ratio is presently 17.14%.

Wall Street Analyst Weigh In

Separately, Barclays upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 25th.

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.