Quadrant Capital Group LLC Acquires 10,078 Shares of Banco Santander, S.A. (NYSE:SAN)

Quadrant Capital Group LLC boosted its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 6.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,178 shares of the bank’s stock after acquiring an additional 10,078 shares during the quarter. Quadrant Capital Group LLC’s holdings in Banco Santander were worth $771,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Groupama Asset Managment bought a new position in Banco Santander during the 3rd quarter worth $53,000. Chevy Chase Trust Holdings LLC raised its position in shares of Banco Santander by 106.3% during 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. Todd Asset Management LLC boosted its holdings in Banco Santander by 0.5% in the fourth quarter. Todd Asset Management LLC now owns 8,896,192 shares of the bank’s stock valued at $40,567,000 after acquiring an additional 45,326 shares during the last quarter. American Century Companies Inc. increased its position in Banco Santander by 4.9% during the 4th quarter. American Century Companies Inc. now owns 3,407,110 shares of the bank’s stock valued at $15,536,000 after purchasing an additional 159,378 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Banco Santander by 55.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,301,711 shares of the bank’s stock worth $16,839,000 after purchasing an additional 1,178,449 shares during the last quarter. Institutional investors own 9.19% of the company’s stock.

Analysts Set New Price Targets

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

Banco Santander Trading Down 10.6 %

NYSE:SAN opened at $5.88 on Monday. The firm has a fifty day simple moving average of $6.23 and a two-hundred day simple moving average of $5.32. Banco Santander, S.A. has a 12 month low of $4.27 and a 12 month high of $7.16. The stock has a market capitalization of $89.02 billion, a price-to-earnings ratio of 7.08, a PEG ratio of 0.77 and a beta of 0.81. 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 (NYSE:SAN) last posted its quarterly earnings results on Wednesday, February 5th. The bank reported $0.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.21. Banco Santander had a return on equity of 11.90% and a net margin of 15.88%. Analysts expect that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Banco Santander Increases Dividend

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

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.