Sequoia Financial Advisors LLC Purchases 5,374 Shares of Banco Santander, S.A. (NYSE:SAN)

Sequoia Financial Advisors LLC grew its position in Banco Santander, S.A. (NYSE:SAN) by 4.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 117,193 shares of the bank’s stock after buying an additional 5,374 shares during the period. Sequoia Financial Advisors LLC’s holdings in Banco Santander were worth $485,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of SAN. Savant Capital LLC bought a new stake in shares of Banco Santander in the 4th quarter worth approximately $30,000. Cetera Investment Advisers bought a new position in shares of Banco Santander during the 1st quarter worth approximately $35,000. Atria Wealth Solutions Inc. bought a new position in shares of Banco Santander during the 2nd quarter worth approximately $35,000. SRS Capital Advisors Inc. lifted its position in shares of Banco Santander by 60.8% during the 2nd quarter. SRS Capital Advisors Inc. now owns 9,934 shares of the bank’s stock worth $37,000 after buying an additional 3,755 shares during the period. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of Banco Santander during the 1st quarter worth approximately $38,000. Institutional investors own 9.19% of the company’s stock.

Analyst Ratings Changes

Separately, Barclays upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 25th.

Banco Santander Trading Down 1.6 %

SAN stock opened at $4.57 on Wednesday. The business has a fifty day moving average price of $4.40 and a 200 day moving average price of $4.11. Banco Santander, S.A. has a fifty-two week low of $3.20 and a fifty-two week high of $5.05. The stock has a market capitalization of $72.24 billion, a price-to-earnings ratio of 6.52, a P/E/G ratio of 0.45 and a beta of 1.22. The company has a debt-to-equity ratio of 4.24, a current ratio of 0.35 and a quick ratio of 0.35.

Banco Santander (NYSE:SAN) last released its quarterly earnings results on Tuesday, January 30th. The bank reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. The firm 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. Analysts expect that Banco Santander, S.A. will post 0.81 EPS for the current fiscal year.

Banco Santander Increases Dividend

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

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.