Sequoia Financial Advisors LLC Has $595,000 Holdings in Banco Santander, S.A. (NYSE:SAN)

Sequoia Financial Advisors LLC boosted its stake in Banco Santander, S.A. (NYSE:SAN) by 4.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 130,512 shares of the bank’s stock after buying an additional 5,815 shares during the period. Sequoia Financial Advisors LLC’s holdings in Banco Santander were worth $595,000 at the end of the most recent quarter.

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

Banco Santander Price Performance

Shares of NYSE:SAN opened at $6.88 on Tuesday. The stock’s 50 day moving average is $5.68 and its 200-day moving average is $5.12. Banco Santander, S.A. has a twelve month low of $4.27 and a twelve month high of $6.90. 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 capitalization of $104.17 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 0.77 and a beta of 1.09.

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 analysts’ consensus estimates of $0.21. Banco Santander had a net margin of 15.88% and a return on equity of 11.90%. Sell-side analysts forecast that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Banco Santander Increases Dividend

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

Wall Street Analyst Weigh In

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

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.