Valeo Financial Advisors LLC Has $175,000 Position in Banco Santander, S.A. (NYSE:SAN)

Valeo Financial Advisors LLC boosted its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 7.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,345 shares of the bank’s stock after buying an additional 2,804 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Banco Santander were worth $175,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Anchor Investment Management LLC acquired a new position in Banco Santander during the 4th quarter worth about $95,000. Raymond James & Associates lifted its holdings in Banco Santander by 239.8% during the 4th quarter. Raymond James & Associates now owns 653,167 shares of the bank’s stock worth $2,704,000 after buying an additional 460,923 shares during the period. Schechter Investment Advisors LLC lifted its holdings in Banco Santander by 9.7% during the 4th quarter. Schechter Investment Advisors LLC now owns 44,322 shares of the bank’s stock worth $183,000 after buying an additional 3,907 shares during the period. Prime Capital Investment Advisors LLC bought a new position in shares of Banco Santander in the 4th quarter worth about $128,000. Finally, Trust Point Inc. bought a new position in shares of Banco Santander in the 4th quarter worth about $77,000. 9.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Banco Santander Stock Performance

SAN stock opened at $4.57 on Wednesday. The stock has a 50-day moving average price of $4.40 and a 200-day moving average price of $4.11. Banco Santander, S.A. has a 1-year low of $3.20 and a 1-year high of $5.05. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 4.24. The firm has a market cap of $72.24 billion, a PE ratio of 6.52, a price-to-earnings-growth ratio of 0.45 and a beta of 1.22.

Banco Santander (NYSE:SAN) last issued its earnings results on Tuesday, January 30th. The bank reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. Banco Santander had a return on equity of 10.82% and a net margin of 19.29%. The business had revenue of $15.67 billion during the quarter. During the same period in the previous year, the firm earned $0.14 earnings per share. As a group, equities research analysts expect that Banco Santander, S.A. will post 0.81 earnings per share for the current year.

Banco Santander Increases Dividend

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

About Banco Santander

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.