Summit Global Investments Buys 92,987 Shares of Banco Santander, S.A. (NYSE:SAN)

Summit Global Investments increased its holdings in Banco Santander, S.A. (NYSE:SAN) by 69.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 227,478 shares of the bank’s stock after buying an additional 92,987 shares during the period. Summit Global Investments’ holdings in Banco Santander were worth $1,037,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. HUB Investment Partners LLC bought a new position in Banco Santander in the 4th quarter worth approximately $47,000. VSM Wealth Advisory LLC bought a new position in Banco Santander in the 4th quarter worth approximately $167,000. PDS Planning Inc boosted its holdings in Banco Santander by 5.3% in the 4th quarter. PDS Planning Inc now owns 53,149 shares of the bank’s stock worth $242,000 after buying an additional 2,670 shares during the period. Horizon Kinetics Asset Management LLC boosted its holdings in Banco Santander by 6.4% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 250,177 shares of the bank’s stock worth $1,141,000 after buying an additional 15,000 shares during the period. Finally, Gallacher Capital Management LLC boosted its holdings in Banco Santander by 3.4% in the 4th quarter. Gallacher Capital Management LLC now owns 104,087 shares of the bank’s stock worth $475,000 after buying an additional 3,434 shares during the period. 9.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Banco Santander Stock Performance

Banco Santander stock opened at $6.92 on Friday. The firm’s fifty day moving average price is $5.86 and its 200-day moving average price is $5.18. The company has a debt-to-equity ratio of 13.83, a quick ratio of 0.23 and a current ratio of 2.24. The stock has a market cap of $104.78 billion, a P/E ratio of 8.33, a price-to-earnings-growth ratio of 0.77 and a beta of 1.09. Banco Santander, S.A. has a fifty-two week low of $4.27 and a fifty-two week high of $7.16.

Banco Santander (NYSE:SAN) last posted its quarterly earnings data on Wednesday, February 5th. The bank reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. Banco Santander had a net margin of 15.88% and a return on equity of 11.90%. On average, equities research analysts expect that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Banco Santander Increases Dividend

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