Dorsey & Whitney Trust CO LLC Sells 12,156 Shares of Banco Santander, S.A. (NYSE:SAN)

Dorsey & Whitney Trust CO LLC reduced its position in Banco Santander, S.A. (NYSE:SAN) by 10.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,401 shares of the bank’s stock after selling 12,156 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Banco Santander were worth $472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Larson Financial Group LLC boosted its position in shares of Banco Santander by 2,226.3% in the fourth quarter. Larson Financial Group LLC now owns 5,839 shares of the bank’s stock worth $27,000 after purchasing an additional 5,588 shares during the period. Callan Family Office LLC purchased a new position in shares of Banco Santander in the fourth quarter worth $891,000. Raymond James Financial Inc. purchased a new position in shares of Banco Santander in the fourth quarter worth $3,319,000. Proficio Capital Partners LLC purchased a new position in shares of Banco Santander in the fourth quarter worth $100,000. Finally, Atria Investments Inc lifted its holdings in shares of Banco Santander by 7.1% in the fourth quarter. Atria Investments Inc now owns 28,990 shares of the bank’s stock worth $132,000 after buying an additional 1,917 shares in the last quarter. 9.19% of the stock is currently owned by institutional investors.

Banco Santander Price Performance

Banco Santander stock opened at $6.40 on Tuesday. The company has a market cap of $96.90 billion, a price-to-earnings ratio of 7.70, a PEG ratio of 0.77 and a beta of 1.09. The firm’s fifty day moving average is $5.47 and its 200 day moving average is $5.06. The company has a quick ratio of 0.23, a current ratio of 2.24 and a debt-to-equity ratio of 13.83. Banco Santander, S.A. has a 52-week low of $4.27 and a 52-week 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 (EPS) 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 company also recently declared a semi-annual dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 30th will be paid a dividend of $0.1152 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This is a boost from Banco Santander’s previous semi-annual dividend of $0.08. This represents a dividend yield of 2.4%. Banco Santander’s payout ratio is currently 18.07%.

Analyst Ratings Changes

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

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.