14,375 Shares in Banco Santander, S.A. (NYSE:SAN) Purchased by Personal CFO Solutions LLC

Personal CFO Solutions LLC purchased a new position in Banco Santander, S.A. (NYSE:SAN) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 14,375 shares of the bank’s stock, valued at approximately $66,000.

A number of other hedge funds have also bought and sold shares of SAN. Groupama Asset Managment acquired a new position in Banco Santander in the third quarter worth about $53,000. FMR LLC lifted its holdings in Banco Santander by 33.9% in the third quarter. FMR LLC now owns 20,893,727 shares of the bank’s stock worth $106,558,000 after acquiring an additional 5,290,236 shares during the last quarter. Chevy Chase Trust Holdings LLC lifted its holdings in Banco Santander by 106.3% in the fourth quarter. Chevy Chase Trust Holdings LLC now owns 9,101,145 shares of the bank’s stock worth $41,501,000 after acquiring an additional 4,689,461 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in Banco Santander by 1.4% in the third quarter. Fisher Asset Management LLC now owns 143,585,152 shares of the bank’s stock worth $732,284,000 after acquiring an additional 2,011,150 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Banco Santander by 55.5% in the third quarter. JPMorgan Chase & Co. now owns 3,301,711 shares of the bank’s stock worth $16,839,000 after acquiring an additional 1,178,449 shares during the last quarter. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on SAN shares. StockNews.com raised shares of Banco Santander from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. The Goldman Sachs Group cut shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Keefe, Bruyette & Woods raised shares of Banco Santander from a “hold” rating to a “moderate buy” rating in a report on Monday, February 24th. Finally, Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 26th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Banco Santander currently has a consensus rating of “Buy”.

Banco Santander Stock Performance

SAN opened at $6.39 on Wednesday. The business’s 50 day moving average is $5.51 and its 200-day moving average is $5.07. The stock has a market cap of $96.75 billion, a PE ratio of 7.69, a price-to-earnings-growth ratio of 0.77 and a beta of 1.09. The company has a current ratio of 2.24, a quick ratio of 0.23 and a debt-to-equity ratio of 13.83. Banco Santander, S.A. has a twelve month low of $4.27 and a twelve month high of $6.83.

Banco Santander (NYSE:SAN) last released its quarterly earnings results on Wednesday, February 5th. The bank reported $0.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.21. Banco Santander had a return on equity of 11.90% and a net margin of 15.88%. On average, analysts predict that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Banco Santander Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 30th will be issued a dividend of $0.1152 per share. This is a boost from Banco Santander’s previous semi-annual dividend of $0.08. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a yield of 2.4%. Banco Santander’s payout ratio is presently 18.07%.

Banco Santander Profile

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.