Capital Wealth Planning LLC Acquires 120,290 Shares of Banco Santander, S.A. $SAN

Capital Wealth Planning LLC raised its holdings in Banco Santander, S.A. (NYSE:SAN) by 31.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 500,176 shares of the bank’s stock after purchasing an additional 120,290 shares during the quarter. Capital Wealth Planning LLC’s holdings in Banco Santander were worth $5,242,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Glenmede Investment Management LP raised its stake in Banco Santander by 6.8% in the 3rd quarter. Glenmede Investment Management LP now owns 134,456 shares of the bank’s stock valued at $1,409,000 after acquiring an additional 8,581 shares during the period. Pathstone Holdings LLC boosted its position in Banco Santander by 0.4% during the third quarter. Pathstone Holdings LLC now owns 864,383 shares of the bank’s stock worth $9,059,000 after purchasing an additional 3,198 shares during the period. Vise Technologies Inc. acquired a new position in shares of Banco Santander in the third quarter valued at $112,000. Rehmann Capital Advisory Group bought a new position in shares of Banco Santander in the third quarter valued at about $207,000. Finally, Sei Investments Co. raised its position in shares of Banco Santander by 3.6% in the third quarter. Sei Investments Co. now owns 788,073 shares of the bank’s stock valued at $8,259,000 after purchasing an additional 27,662 shares during the period. 9.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SAN. Weiss Ratings upgraded shares of Banco Santander from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, February 27th. DZ Bank downgraded shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 18th. Zacks Research downgraded Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Kepler Capital Markets upgraded Banco Santander from a “hold” rating to a “buy” rating in a research note on Tuesday, January 13th. Finally, Royal Bank Of Canada raised Banco Santander from a “sector perform” rating to an “outperform” rating in a report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Banco Santander Price Performance

Shares of Banco Santander stock opened at $10.76 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 3.15. The stock has a market capitalization of $160.09 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 0.66 and a beta of 0.71. Banco Santander, S.A. has a twelve month low of $5.54 and a twelve month high of $13.24. The company has a 50-day simple moving average of $12.17 and a two-hundred day simple moving average of $11.06.

Banco Santander (NYSE:SAN) last announced its earnings results on Tuesday, February 3rd. The bank reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. Banco Santander had a net margin of 18.85% and a return on equity of 12.14%. The firm had revenue of $18.90 billion for the quarter, compared to analyst estimates of $15.89 billion. Analysts forecast that Banco Santander, S.A. will post 0.83 EPS for the current year.

Banco Santander Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, May 8th. Shareholders of record on Monday, May 4th will be paid a dividend of $0.1473 per share. This represents a yield of 254.0%. The ex-dividend date is Monday, May 4th. Banco Santander’s dividend payout ratio (DPR) is 18.81%.

Banco Santander Company Profile

Banco Santander, SA (NYSE: SAN) is a Spanish multinational banking group headquartered in Santander, Spain. Founded in 1857, the bank has grown from a regional institution into one of Europe’s largest banking groups, operating a diversified financial services platform that serves retail, small and medium-sized enterprises, and large corporate clients. Santander is publicly listed in Spain and maintains American Depositary Receipts on the New York Stock Exchange under the ticker SAN.

The group’s core activities include retail and commercial banking—offering deposit accounts, payment services, mortgages, personal and auto loans, and small business financing—alongside corporate and investment banking services for larger institutional clients.