Banco Santander (NYSE:SAN) Upgraded to “Overweight” at Barclays

Barclays upgraded shares of Banco Santander (NYSE:SANFree Report) from an equal weight rating to an overweight rating in a report issued on Monday, Marketbeat Ratings reports.

Banco Santander Stock Performance

SAN opened at $4.74 on Monday. The firm has a market cap of $75.01 billion, a PE ratio of 6.77, a P/E/G ratio of 0.45 and a beta of 1.20. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 4.24. The business has a fifty day simple moving average of $4.12 and a 200-day simple moving average of $3.98. Banco Santander has a fifty-two week low of $3.20 and a fifty-two week high of $4.79.

Banco Santander (NYSE:SANGet Free Report) last released its quarterly earnings data on Tuesday, January 30th. The bank reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. The business had revenue of $15.67 billion during the quarter. Banco Santander had a return on equity of 10.82% and a net margin of 19.29%. During the same period in the prior year, the business earned $0.14 earnings per share. As a group, equities analysts predict that Banco Santander will post 0.81 EPS for the current fiscal year.

Banco Santander Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Tuesday, April 30th will be issued a $0.1027 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a dividend yield of 3.2%. This is a positive change from Banco Santander’s previous semi-annual dividend of $0.09. Banco Santander’s dividend payout ratio is presently 17.14%.

Institutional Trading of Banco Santander

A number of hedge funds have recently modified their holdings of SAN. Bessemer Group Inc. purchased a new stake in shares of Banco Santander during the second quarter worth $25,000. Principal Securities Inc. acquired a new position in Banco Santander during the fourth quarter worth $35,000. Glassman Wealth Services grew its position in shares of Banco Santander by 56.3% in the fourth quarter. Glassman Wealth Services now owns 9,565 shares of the bank’s stock valued at $40,000 after purchasing an additional 3,444 shares during the last quarter. SRS Capital Advisors Inc. grew its position in shares of Banco Santander by 60.8% in the second quarter. SRS Capital Advisors Inc. now owns 9,934 shares of the bank’s stock valued at $37,000 after purchasing an additional 3,755 shares during the last quarter. Finally, Riversedge Advisors LLC acquired a new stake in shares of Banco Santander in the fourth quarter valued at about $42,000. Hedge funds and other institutional investors own 9.19% of the company’s stock.

About Banco Santander

(Get Free Report)

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 corporate finance, global debt financing and market, global transaction banking, and private debt mobilization solutions.

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