Bank of Montreal Can boosted its stake in Banco Santander, S.A. (NYSE:SAN) by 5.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 857,672 shares of the bank’s stock after buying an additional 47,887 shares during the period. Bank of Montreal Can’s holdings in Banco Santander, were worth $5,738,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Renaissance Technologies LLC increased its position in shares of Banco Santander, by 82.0% in the fourth quarter. Renaissance Technologies LLC now owns 432,155 shares of the bank’s stock valued at $2,239,000 after buying an additional 194,770 shares in the last quarter. Norges Bank purchased a new position in shares of Banco Santander, during the fourth quarter valued at about $22,350,000. Quadrant Capital Group LLC increased its position in shares of Banco Santander, by 266.7% in the first quarter. Quadrant Capital Group LLC now owns 44,742 shares of the bank’s stock valued at $262,000 after buying an additional 32,541 shares in the last quarter. SOL Capital Management CO increased its position in shares of Banco Santander, by 3.5% in the first quarter. SOL Capital Management CO now owns 86,177 shares of the bank’s stock valued at $523,000 after buying an additional 2,920 shares in the last quarter. Finally, Capstone Asset Management Co. increased its position in shares of Banco Santander, by 2.7% in the first quarter. Capstone Asset Management Co. now owns 1,231,932 shares of the bank’s stock valued at $7,478,000 after buying an additional 32,160 shares in the last quarter. Hedge funds and other institutional investors own 1.25% of the company’s stock.
Shares of Banco Santander, S.A. (SAN) traded down 0.77% during mid-day trading on Friday, reaching $6.47. 7,234,515 shares of the company’s stock were exchanged. The company has a market capitalization of $99.51 billion, a PE ratio of 12.12 and a beta of 1.41. The company’s 50-day moving average price is $6.73 and its 200-day moving average price is $6.26. Banco Santander, S.A. has a one year low of $4.08 and a one year high of $6.99.
Banco Santander, (NYSE:SAN) last released its earnings results on Friday, July 28th. The bank reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $13.10 billion during the quarter. Banco Santander, had a return on equity of 6.70% and a net margin of 14.98%. On average, equities analysts expect that Banco Santander, S.A. will post $0.49 earnings per share for the current year.
The business also recently announced a None dividend, which will be paid on Friday, August 11th. Investors of record on Thursday, August 3rd will be paid a $0.056 dividend. The ex-dividend date of this dividend is Tuesday, August 1st. Banco Santander,’s dividend payout ratio (DPR) is presently 37.50%.
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Several research analysts have recently issued reports on SAN shares. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Banco Santander, in a research note on Thursday, April 20th. Citigroup Inc. downgraded shares of Banco Santander, from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 25th. Keefe, Bruyette & Woods upgraded shares of Banco Santander, from an “underperform” rating to a “market perform” rating and set a $25.50 price objective on the stock in a research report on Thursday, April 27th. Bank of America Corporation upgraded shares of Banco Santander, from an “underperform” rating to a “neutral” rating in a research report on Friday, June 9th. Finally, Zacks Investment Research downgraded shares of Banco Santander, from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Banco Santander, presently has a consensus rating of “Buy” and an average price target of $16.63.
Banco Santander, Company Profile
Banco Santander, SA is a retail and commercial bank. The Banks segments include Continental Europe, the United Kingdom, Latin America and the United States. The Continental Europe segment covers all businesses in the Continental Europe. The United Kingdom segment includes the businesses developed by various units and branches in the country.
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