May Hill Capital LLC Acquires New Position in Banco Santander, S.A. (NYSE:SAN)

May Hill Capital LLC bought a new position in shares of Banco Santander, S.A. (NYSE:SAN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 19,436 shares of the bank’s stock, valued at approximately $89,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. R Squared Ltd purchased a new stake in Banco Santander in the 4th quarter valued at $27,000. Larson Financial Group LLC grew its holdings 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 valued at $27,000 after purchasing an additional 5,588 shares during the period. Sierra Ocean LLC purchased a new position in Banco Santander during the fourth quarter worth about $32,000. Advisors Preferred LLC acquired a new position in Banco Santander in the 4th quarter valued at about $37,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Banco Santander in the 3rd quarter valued at approximately $45,000. Institutional investors and hedge funds own 9.19% of the company’s stock.

Banco Santander Stock Up 1.1 %

Shares of NYSE SAN opened at $6.78 on Wednesday. Banco Santander, S.A. has a 52-week low of $4.27 and a 52-week high of $7.16. The business’s 50 day moving average is $6.15 and its two-hundred day moving average is $5.29. The firm has a market cap of $102.66 billion, a price-to-earnings ratio of 8.16, a PEG ratio of 0.77 and a beta of 1.09. 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 (NYSE:SAN) last posted its earnings results on Wednesday, February 5th. The bank reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. Banco Santander had a return on equity of 11.90% and a net margin of 15.88%. Research analysts predict that Banco Santander, S.A. will post 0.83 EPS for the current year.

Banco Santander Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. The Goldman Sachs Group cut Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Keefe, Bruyette & Woods upgraded Banco Santander from a “hold” rating to a “moderate buy” rating in a report on Monday, February 24th. Finally, StockNews.com upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently 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.