Signaturefd LLC Increases Position in Banco Santander SA (SAN)
Signaturefd LLC increased its position in Banco Santander SA (NYSE:SAN) by 57.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,471 shares of the company’s stock after buying an additional 9,338 shares during the period. Signaturefd LLC’s holdings in Banco Santander SA were worth $100,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. Green Square Capital LLC bought a new stake in Banco Santander SA during the second quarter worth about $102,000. FFT Wealth Management LLC increased its stake in Banco Santander SA by 66.0% in the first quarter. FFT Wealth Management LLC now owns 25,145 shares of the company’s stock worth $110,000 after buying an additional 10,000 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in Banco Santander SA during the second quarter worth about $147,000. Checchi Capital Advisers LLC increased its stake in Banco Santander SA by 6.2% in the second quarter. Checchi Capital Advisers LLC now owns 54,095 shares of the company’s stock worth $212,000 after buying an additional 3,176 shares in the last quarter. Finally, SOL Capital Management CO increased its stake in Banco Santander SA by 13.0% in the second quarter. SOL Capital Management CO now owns 74,114 shares of the company’s stock worth $291,000 after buying an additional 8,516 shares in the last quarter. 0.63% of the stock is owned by institutional investors.
Shares of Banco Santander SA (NYSE:SAN) traded up 0.46% during trading on Monday, hitting $4.38. 2,309,329 shares of the company traded hands. The company has a 50 day moving average price of $4.44 and a 200 day moving average price of $4.40. The company has a market capitalization of $69.97 billion, a price-to-earnings ratio of 13.44 and a beta of 1.67. Banco Santander SA has a 52 week low of $3.60 and a 52 week high of $5.83.
The firm also recently disclosed a dividend, which will be paid on Monday, November 14th. Shareholders of record on Monday, October 17th will be paid a $0.038 dividend. The ex-dividend date of this dividend is Thursday, October 13th. Banco Santander SA’s payout ratio is currently 38.64%.
A number of analysts have recently issued reports on the stock. Deutsche Bank AG reaffirmed a “neutral” rating on shares of Banco Santander SA in a report on Wednesday, June 22nd. Zacks Investment Research raised shares of Banco Santander SA from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a report on Friday, September 23rd. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Banco Santander SA in a report on Wednesday, June 29th. Bank of America Corp. downgraded shares of Banco Santander SA from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 20th. Finally, Citigroup Inc. reissued a “buy” rating on shares of Banco Santander SA in a research note on Wednesday, July 20th. Five equities research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $4.50.
Banco Santander SA Company Profile
Banco Santander, SA is a retail and commercial bank. The Bank’s principal business is to attract deposits and provide loans. The Bank focuses its wholesale banking offer on providing services to its main customers in local markets. The Banks segments include Continental Europe, United Kingdom, Latin America and United States.
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