Quadrant Capital Group LLC increased its stake in Banco Santander SA (NYSE:SAN) by 65.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 106,009 shares of the bank’s stock after purchasing an additional 42,000 shares during the quarter. Quadrant Capital Group LLC’s holdings in Banco Santander were worth $478,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of SAN. Dimensional Fund Advisors LP boosted its stake in shares of Banco Santander by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,208,680 shares of the bank’s stock worth $14,375,000 after acquiring an additional 23,915 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Banco Santander by 19.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 729,645 shares of the bank’s stock valued at $3,648,000 after acquiring an additional 118,161 shares during the last quarter. NumerixS Investment Technologies Inc bought a new stake in Banco Santander in the 4th quarter valued at $343,000. Legacy Financial Advisors Inc. increased its holdings in Banco Santander by 459.0% in the 4th quarter. Legacy Financial Advisors Inc. now owns 10,102 shares of the bank’s stock valued at $45,000 after acquiring an additional 8,295 shares during the last quarter. Finally, Hollencrest Capital Management increased its holdings in Banco Santander by 28.8% in the 4th quarter. Hollencrest Capital Management now owns 13,032 shares of the bank’s stock valued at $58,000 after acquiring an additional 2,917 shares during the last quarter. Institutional investors own 1.89% of the company’s stock.
Shares of SAN stock traded down $0.07 during trading hours on Wednesday, reaching $4.50. 10,884,228 shares of the stock were exchanged, compared to its average volume of 8,123,716. Banco Santander SA has a 12-month low of $4.21 and a 12-month high of $6.07. The company has a current ratio of 1.95, a quick ratio of 0.31 and a debt-to-equity ratio of 10.98. The stock has a market cap of $72.02 billion, a PE ratio of 8.18, a P/E/G ratio of 4.70 and a beta of 1.11.
The company also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Investors of record on Tuesday, April 30th were paid a dividend of $0.052 per share. The ex-dividend date was Monday, April 29th. This is a boost from Banco Santander’s previous quarterly dividend of $0.05. This represents a $0.21 dividend on an annualized basis and a dividend yield of 4.62%. Banco Santander’s payout ratio is currently 38.18%.
SAN has been the topic of a number of research reports. ValuEngine downgraded shares of Banco Santander from a “sell” rating to a “strong sell” rating in a report on Thursday, April 11th. Zacks Investment Research upgraded shares of Banco Santander from a “sell” rating to a “hold” rating in a report on Thursday, February 14th. Royal Bank of Canada upgraded shares of Banco Santander from a “sector perform” rating to an “outperform” rating in a report on Wednesday, March 13th. TheStreet downgraded shares of Banco Santander from an “a-” rating to a “d” rating in a report on Thursday, February 7th. Finally, Morgan Stanley upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Wednesday, March 13th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $5.75.
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About Banco Santander
Banco Santander, SA, together with its subsidiaries, provides various retail and commercial banking products and services for individual and corporate clients worldwide. It offers demand and time deposits, and current and savings accounts; mortgages, consumer finance, auto finance, and personal loans; export and agency finance, trade and working capital solutions, syndicated corporate loans, and structured financing; debt capital markets and global markets services; and debit and credit cards.
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