UBS Group AG Purchases 127,405 Shares of Banco Santander, S.A. $SAN

UBS Group AG increased its position in Banco Santander, S.A. (NYSE:SANFree Report) by 29.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 556,816 shares of the bank’s stock after purchasing an additional 127,405 shares during the period. UBS Group AG’s holdings in Banco Santander were worth $6,531,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Root Financial Partners LLC bought a new position in Banco Santander in the 3rd quarter worth about $25,000. Eagle Bay Advisors LLC bought a new position in Banco Santander in the 4th quarter worth about $31,000. Binnacle Investments Inc boosted its stake in Banco Santander by 96.2% in the 3rd quarter. Binnacle Investments Inc now owns 3,227 shares of the bank’s stock worth $34,000 after purchasing an additional 1,582 shares in the last quarter. Sound Income Strategies LLC boosted its stake in Banco Santander by 11,752.0% in the 4th quarter. Sound Income Strategies LLC now owns 2,963 shares of the bank’s stock worth $36,000 after purchasing an additional 2,938 shares in the last quarter. Finally, Flagship Harbor Advisors LLC bought a new position in Banco Santander in the 4th quarter worth about $42,000. Institutional investors own 9.19% of the company’s stock.

Banco Santander Stock Performance

SAN opened at $11.79 on Wednesday. The stock has a market capitalization of $173.16 billion, a P/E ratio of 9.74, a P/E/G ratio of 0.67 and a beta of 0.73. The company’s 50-day simple moving average is $11.70 and its two-hundred day simple moving average is $11.65. Banco Santander, S.A. has a 52-week low of $7.80 and a 52-week high of $13.24.

Banco Santander (NYSE:SANGet Free Report) last posted its earnings results on Wednesday, April 29th. The bank reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.02). Banco Santander had a net margin of 26.92% and a return on equity of 12.23%. The company had revenue of $17.53 billion for the quarter, compared to the consensus estimate of $17.66 billion. Research analysts forecast that Banco Santander, S.A. will post 1.12 EPS for the current fiscal year.

Banco Santander Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, May 8th. Stockholders of record on Monday, May 4th were paid a $0.1473 dividend. This represents a dividend yield of 255.0%. The ex-dividend date was Monday, May 4th. Banco Santander’s dividend payout ratio is 17.36%.

Wall Street Analysts Forecast Growth

SAN has been the topic of a number of analyst reports. Santander reiterated an “outperform” rating on shares of Banco Santander in a research note on Tuesday, May 12th. Wall Street Zen upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a research note on Sunday, April 26th. Weiss Ratings cut shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, May 8th. Morgan Stanley upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 23rd. Finally, UBS Group restated a “buy” rating on shares of Banco Santander in a research note on Monday, February 16th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Research Report on Banco Santander

Banco Santander Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Banco Santander (NYSE:SAN)

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