Banco Santander, S.A. (NYSE:SAN) Shares Bought by Summit Trail Advisors LLC

Summit Trail Advisors LLC grew its holdings in Banco Santander, S.A. (NYSE:SAN) by 33.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,130 shares of the bank’s stock after buying an additional 3,813 shares during the period. Summit Trail Advisors LLC’s holdings in Banco Santander were worth $63,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Optiver Holding B.V. lifted its stake in Banco Santander by 770.4% in the 3rd quarter. Optiver Holding B.V. now owns 7,722,405 shares of the bank’s stock worth $29,036,000 after purchasing an additional 6,835,153 shares in the last quarter. QRG Capital Management Inc. purchased a new position in Banco Santander during the third quarter worth approximately $3,488,000. RWA Wealth Partners LLC purchased a new stake in Banco Santander in the 4th quarter valued at $3,397,000. Raymond James & Associates increased its stake in shares of Banco Santander by 239.8% in the 4th quarter. Raymond James & Associates now owns 653,167 shares of the bank’s stock worth $2,704,000 after acquiring an additional 460,923 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of Banco Santander during the 3rd quarter worth $1,345,000. 9.19% of the stock is owned by hedge funds and other institutional investors.

Banco Santander Stock Performance

NYSE:SAN opened at $5.06 on Friday. The company has a market cap of $80.00 billion, a price-to-earnings ratio of 7.02, a price-to-earnings-growth ratio of 0.46 and a beta of 1.19. The company has a fifty day simple moving average of $4.69 and a two-hundred day simple moving average of $4.25. Banco Santander, S.A. has a 52 week low of $3.20 and a 52 week high of $5.17. The company has a quick ratio of 0.35, a current ratio of 2.27 and a debt-to-equity ratio of 13.96.

Banco Santander Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, May 7th. Stockholders of record on Tuesday, April 30th were given a dividend of $0.1027 per share. The ex-dividend date was Monday, April 29th. This is an increase from Banco Santander’s previous semi-annual dividend of $0.09. This represents a dividend yield of 3.2%. Banco Santander’s payout ratio is currently 19.44%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SAN shares. Barclays upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Monday, March 25th. StockNews.com upgraded Banco Santander from a “buy” rating to a “strong-buy” rating in a report on Monday.

Banco Santander Company 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.