May Hill Capital LLC Purchases Shares of 19,436 Banco Santander, S.A. (NYSE:SAN)

May Hill Capital LLC acquired a new position in shares of Banco Santander, S.A. (NYSE:SAN) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 19,436 shares of the bank’s stock, valued at approximately $89,000.

Other large investors have also recently made changes to their positions in the company. R Squared Ltd acquired a new position in shares of Banco Santander during the fourth quarter worth $27,000. Larson Financial Group LLC lifted its holdings in Banco Santander by 2,226.3% during the 4th quarter. Larson Financial Group LLC now owns 5,839 shares of the bank’s stock worth $27,000 after buying an additional 5,588 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of Banco Santander during the 4th quarter worth about $32,000. Advisors Preferred LLC purchased a new position in shares of Banco Santander in the 4th quarter valued at about $37,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Banco Santander during the 3rd quarter worth about $45,000. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on SAN. The Goldman Sachs Group lowered shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. StockNews.com raised shares of Banco Santander from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods upgraded Banco Santander from a “hold” rating to a “moderate buy” rating in a research report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy”.

Banco Santander Trading Up 1.1 %

Shares of Banco Santander stock opened at $6.78 on Wednesday. The company has a quick ratio of 0.23, a current ratio of 2.24 and a debt-to-equity ratio of 13.83. The firm has a market cap of $102.66 billion, a price-to-earnings ratio of 8.16, a price-to-earnings-growth ratio of 0.77 and a beta of 1.09. Banco Santander, S.A. has a 52-week low of $4.27 and a 52-week high of $7.16. The company’s 50-day simple moving average is $6.15 and its 200-day simple moving average is $5.29.

Banco Santander (NYSE:SAN) last released its quarterly earnings data on Wednesday, February 5th. The bank reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. Banco Santander had a return on equity of 11.90% and a net margin of 15.88%. As a group, equities research analysts anticipate that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Banco Santander Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 30th will be issued a $0.1152 dividend. This represents a dividend yield of 2.4%. This is a boost from Banco Santander’s previous semi-annual dividend of $0.08. The ex-dividend date is Wednesday, April 30th. Banco Santander’s payout ratio is 19.28%.

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.