May Hill Capital LLC Has $201,000 Stock Holdings in Banco Santander, S.A. $SAN

May Hill Capital LLC lifted its position in Banco Santander, S.A. (NYSE:SAN) by 10.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,166 shares of the bank’s stock after acquiring an additional 2,249 shares during the period. May Hill Capital LLC’s holdings in Banco Santander were worth $201,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Richardson Financial Services Inc. acquired a new stake in shares of Banco Santander in the 2nd quarter valued at approximately $25,000. Wayfinding Financial LLC acquired a new stake in shares of Banco Santander in the 1st quarter valued at approximately $28,000. Dogwood Wealth Management LLC acquired a new stake in Banco Santander during the 2nd quarter worth approximately $33,000. Whipplewood Advisors LLC lifted its stake in Banco Santander by 35,550.0% in the second quarter. Whipplewood Advisors LLC now owns 4,991 shares of the bank’s stock valued at $41,000 after buying an additional 4,977 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its stake in Banco Santander by 478.8% in the second quarter. TD Private Client Wealth LLC now owns 5,203 shares of the bank’s stock valued at $43,000 after buying an additional 4,304 shares in the last quarter. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Zacks Research raised shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Banco Santander in a research note on Wednesday, October 8th. The Goldman Sachs Group lowered shares of Banco Santander from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday, October 16th. Finally, Kepler Capital Markets lowered shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Banco Santander currently has an average rating of “Moderate Buy”.

Banco Santander Stock Up 2.1%

Shares of SAN stock opened at $10.08 on Wednesday. The company’s fifty day simple moving average is $9.91 and its 200-day simple moving average is $8.72. The firm has a market cap of $150.00 billion, a PE ratio of 11.20, a P/E/G ratio of 0.67 and a beta of 1.02. Banco Santander, S.A. has a 12 month low of $4.43 and a 12 month high of $10.50.

Banco Santander (NYSE:SAN) last announced its quarterly earnings data on Wednesday, July 30th. The bank reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.04). The business had revenue of $17.83 billion during the quarter, compared to the consensus estimate of $17.69 billion. Banco Santander had a return on equity of 11.98% and a net margin of 17.30%. On average, equities analysts predict that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Banco Santander Dividend Announcement

The company also recently announced a dividend, which will be paid on Thursday, November 6th. Investors of record on Friday, October 31st will be issued a dividend of $0.0956 per share. This represents a yield of 196.0%. The ex-dividend date is Friday, October 31st. Banco Santander’s payout ratio is presently 20.00%.

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.