Waterfront Wealth Inc. Has $1.80 Million Stock Holdings in Banco Santander, S.A. $SAN

Waterfront Wealth Inc. lessened its holdings in Banco Santander, S.A. (NYSE:SAN) by 2.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 216,484 shares of the bank’s stock after selling 4,347 shares during the period. Waterfront Wealth Inc.’s holdings in Banco Santander were worth $1,797,000 as of its most recent SEC filing.

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

Banco Santander Price Performance

Shares of NYSE:SAN opened at $10.08 on Wednesday. The business has a 50-day moving average of $9.91 and a two-hundred day moving average of $8.72. The stock has a market capitalization of $150.00 billion, a P/E ratio of 11.20, a P/E/G ratio of 0.67 and a beta of 1.02. Banco Santander, S.A. has a fifty-two week low of $4.43 and a fifty-two week high of $10.50.

Banco Santander (NYSE:SAN) last posted 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%. As a group, research analysts expect that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Banco Santander Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SAN. Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Santander in a research report on Wednesday, October 8th. Zacks Research raised Banco Santander from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 20th. The Goldman Sachs Group cut Banco Santander from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, October 16th. Finally, Kepler Capital Markets cut Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

About Banco Santander

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.