Naviter Wealth LLC Buys 6,176 Shares of Banco Santander, S.A. (NYSE:SAN)

Naviter Wealth LLC grew its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 1.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 343,591 shares of the bank’s stock after purchasing an additional 6,176 shares during the quarter. Naviter Wealth LLC’s holdings in Banco Santander were worth $1,752,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Creative Planning increased its position in shares of Banco Santander by 13.5% in the third quarter. Creative Planning now owns 1,341,733 shares of the bank’s stock valued at $6,843,000 after acquiring an additional 159,610 shares during the period. Ritholtz Wealth Management raised its position in Banco Santander by 3.9% during the 3rd quarter. Ritholtz Wealth Management now owns 369,360 shares of the bank’s stock valued at $1,884,000 after purchasing an additional 13,735 shares during the last quarter. First Affirmative Financial Network lifted its holdings in Banco Santander by 30.3% in the 3rd quarter. First Affirmative Financial Network now owns 16,252 shares of the bank’s stock worth $83,000 after buying an additional 3,782 shares during the period. Wedmont Private Capital grew its position in shares of Banco Santander by 11.6% in the 3rd quarter. Wedmont Private Capital now owns 31,319 shares of the bank’s stock worth $157,000 after buying an additional 3,252 shares during the last quarter. Finally, Brookstone Capital Management purchased a new position in shares of Banco Santander during the third quarter valued at approximately $54,000. Institutional investors own 9.19% of the company’s stock.

Banco Santander Trading Up 0.2 %

SAN stock traded up $0.01 on Thursday, hitting $5.02. The company had a trading volume of 19,791 shares, compared to its average volume of 2,660,985. The stock has a market cap of $79.44 billion, a price-to-earnings ratio of 6.52, a P/E/G ratio of 0.40 and a beta of 1.14. The stock’s 50-day simple moving average is $4.87 and its 200 day simple moving average is $4.88. Banco Santander, S.A. has a 12-month low of $3.52 and a 12-month high of $5.27.

Banco Santander (NYSE:SAN) last posted its earnings results on Wednesday, July 24th. The bank reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. The company had revenue of $16.87 billion for the quarter. Banco Santander had a return on equity of 11.42% and a net margin of 15.35%. Research 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. Investors 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 dividend payout ratio (DPR) is 18.18%.

Wall Street Analysts Forecast Growth

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

Banco Santander Company 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.