Nwam LLC reduced its position in Banco Santander, S.A. (NYSE:SAN – Free Report) by 96.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,842 shares of the bank’s stock after selling 369,872 shares during the quarter. Nwam LLC’s holdings in Banco Santander were worth $163,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. D Orazio & Associates Inc. grew its stake in shares of Banco Santander by 16.9% during the fourth quarter. D Orazio & Associates Inc. now owns 30,472 shares of the bank’s stock valued at $357,000 after buying an additional 4,398 shares during the last quarter. NewEdge Wealth LLC lifted its stake in shares of Banco Santander by 7.4% during the 4th quarter. NewEdge Wealth LLC now owns 372,175 shares of the bank’s stock worth $4,366,000 after acquiring an additional 25,591 shares during the last quarter. Drucker Wealth 3.0 LLC purchased a new position in Banco Santander during the 4th quarter valued at $155,000. Ballentine Partners LLC grew its position in Banco Santander by 6.6% in the 4th quarter. Ballentine Partners LLC now owns 165,634 shares of the bank’s stock valued at $1,943,000 after acquiring an additional 10,283 shares during the last quarter. Finally, Diversify Wealth Management LLC increased its stake in Banco Santander by 18.5% in the fourth quarter. Diversify Wealth Management LLC now owns 12,369 shares of the bank’s stock worth $151,000 after purchasing an additional 1,934 shares during the period. Institutional investors own 9.19% of the company’s stock.
Banco Santander Trading Down 0.6%
Shares of Banco Santander stock opened at $11.95 on Thursday. The stock’s fifty day moving average price is $11.65 and its 200-day moving average price is $11.60. The firm has a market cap of $175.46 billion, a P/E ratio of 9.87, a P/E/G ratio of 0.68 and a beta of 0.73. Banco Santander, S.A. has a 12 month low of $7.61 and a 12 month high of $13.24.
Banco Santander Announces Dividend
The firm also recently disclosed a dividend, which was paid on Friday, May 8th. Investors of record on Monday, May 4th were issued a dividend of $0.1473 per share. This represents a yield of 255.0%. The ex-dividend date of this dividend was Monday, May 4th. Banco Santander’s dividend payout ratio (DPR) is presently 17.36%.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the stock. Wall Street Zen raised shares of Banco Santander from a “hold” rating to a “buy” rating in a research note on Sunday, April 26th. Santander reiterated an “outperform” rating on shares of Banco Santander in a report on Tuesday. Royal Bank Of Canada raised shares of Banco Santander from a “sector perform” rating to an “outperform” rating in a research report on Monday, February 23rd. Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 23rd. Finally, Weiss Ratings downgraded shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, May 8th. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Banco Santander presently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Report on SAN
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.
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