Naviter Wealth LLC Boosts Holdings in Banco Santander, S.A. (NYSE:SAN)

Naviter Wealth LLC raised its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 1.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 343,591 shares of the bank’s stock after acquiring an additional 6,176 shares during the period. Naviter Wealth LLC’s holdings in Banco Santander were worth $1,752,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Teachers Retirement System of The State of Kentucky lifted its stake in Banco Santander by 5.0% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 5,066,760 shares of the bank’s stock worth $23,459,000 after purchasing an additional 242,000 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Banco Santander by 6.2% during the 2nd quarter. American Century Companies Inc. now owns 3,091,293 shares of the bank’s stock valued at $14,313,000 after acquiring an additional 181,558 shares during the last quarter. QRG Capital Management Inc. grew its holdings in shares of Banco Santander by 24.4% in the second quarter. QRG Capital Management Inc. now owns 1,637,838 shares of the bank’s stock valued at $7,583,000 after purchasing an additional 321,772 shares in the last quarter. BNP Paribas Financial Markets increased its position in Banco Santander by 33.3% in the first quarter. BNP Paribas Financial Markets now owns 1,430,296 shares of the bank’s stock worth $6,923,000 after purchasing an additional 357,460 shares during the last quarter. Finally, OLD Mission Capital LLC lifted its position in Banco Santander by 56.1% during the first quarter. OLD Mission Capital LLC now owns 1,417,650 shares of the bank’s stock valued at $6,861,000 after purchasing an additional 509,541 shares during the last quarter. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. UBS Group raised Banco Santander from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 4th. StockNews.com downgraded Banco Santander from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 22nd.

Banco Santander Trading Up 0.2 %

Shares of SAN traded up $0.01 during trading hours on Thursday, hitting $5.02. The company had a trading volume of 19,791 shares, compared to its average volume of 2,660,985. Banco Santander, S.A. has a one year low of $3.52 and a one year high of $5.27. The company has a market capitalization of $79.44 billion, a PE ratio of 6.52, a price-to-earnings-growth ratio of 0.40 and a beta of 1.14. The company’s fifty day moving average price is $4.87 and its two-hundred day moving average price is $4.88.

Banco Santander (NYSE:SAN) last released its earnings results on Wednesday, July 24th. The bank reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. The company had revenue of $16.87 billion during the quarter. Banco Santander had a net margin of 15.35% and a return on equity of 11.42%. Analysts forecast that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Banco Santander Cuts Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.08 per share. This represents a dividend yield of 3%. The ex-dividend date is Thursday, October 31st. Banco Santander’s payout ratio is currently 18.18%.

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.