RWA Wealth Partners LLC Buys Shares of 820,499 Banco Santander, S.A. (NYSE:SAN)

RWA Wealth Partners LLC purchased a new stake in Banco Santander, S.A. (NYSE:SAN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 820,499 shares of the bank’s stock, valued at approximately $3,397,000.

A number of other large investors have also made changes to their positions in SAN. FMR LLC increased its holdings in shares of Banco Santander by 1.4% in the third quarter. FMR LLC now owns 9,217,199 shares of the bank’s stock worth $34,657,000 after acquiring an additional 124,106 shares in the last quarter. Optiver Holding B.V. boosted its holdings in shares of Banco Santander by 770.4% in the third quarter. Optiver Holding B.V. now owns 7,722,405 shares of the bank’s stock valued at $29,036,000 after buying an additional 6,835,153 shares during the period. American Century Companies Inc. lifted its position in Banco Santander by 6.9% in the 3rd quarter. American Century Companies Inc. now owns 3,008,881 shares of the bank’s stock valued at $11,313,000 after acquiring an additional 193,323 shares in the last quarter. Natixis Advisors L.P. raised its stake in shares of Banco Santander by 7.0% in the 3rd quarter. Natixis Advisors L.P. now owns 928,648 shares of the bank’s stock valued at $3,492,000 after purchasing an additional 61,052 shares during the period. Finally, QRG Capital Management Inc. acquired a new position in shares of Banco Santander during the third quarter worth about $3,488,000. Institutional investors own 9.19% of the company’s stock.

Banco Santander Stock Performance

SAN opened at $5.02 on Tuesday. The company has a debt-to-equity ratio of 4.24, a quick ratio of 0.35 and a current ratio of 0.35. The business’s 50-day simple moving average is $4.46 and its 200 day simple moving average is $4.14. The firm has a market capitalization of $79.44 billion, a PE ratio of 6.94, a PEG ratio of 0.46 and a beta of 1.22. Banco Santander, S.A. has a 52-week low of $3.20 and a 52-week high of $5.05.

Banco Santander (NYSE:SAN) last released its quarterly earnings data on Tuesday, January 30th. The bank reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. Banco Santander had a return on equity of 10.82% and a net margin of 19.29%. The company had revenue of $15.67 billion during the quarter. During the same period in the previous year, the company posted $0.14 EPS. As a group, sell-side analysts expect that Banco Santander, S.A. will post 0.8 earnings per share for the current fiscal year.

Banco Santander Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Tuesday, May 7th. Investors of record on Tuesday, April 30th will be paid a $0.1027 dividend. This is an increase from Banco Santander’s previous semi-annual dividend of $0.09. This represents a yield of 3.2%. The ex-dividend date of this dividend is Monday, April 29th. Banco Santander’s dividend payout ratio (DPR) is 17.14%.

Analysts Set New Price Targets

Separately, Barclays upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a report 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.