Raymond James Financial Services Advisors Inc. Trims Stake in Banco Santander, S.A. (NYSE:SAN)

Raymond James Financial Services Advisors Inc. reduced its position in shares of Banco Santander, S.A. (NYSE:SAN) by 16.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,718 shares of the bank’s stock after selling 5,384 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Banco Santander were worth $111,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Keybank National Association OH increased its holdings in shares of Banco Santander by 17.6% in the 3rd quarter. Keybank National Association OH now owns 22,688 shares of the bank’s stock valued at $85,000 after acquiring an additional 3,393 shares during the period. Gallacher Capital Management LLC increased its holdings in shares of Banco Santander by 3.6% in the 3rd quarter. Gallacher Capital Management LLC now owns 101,391 shares of the bank’s stock valued at $381,000 after acquiring an additional 3,528 shares during the period. PDS Planning Inc increased its holdings in shares of Banco Santander by 9.1% in the 3rd quarter. PDS Planning Inc now owns 42,466 shares of the bank’s stock valued at $160,000 after acquiring an additional 3,552 shares during the period. SOL Capital Management CO increased its holdings in shares of Banco Santander by 17.8% in the 3rd quarter. SOL Capital Management CO now owns 27,177 shares of the bank’s stock valued at $102,000 after acquiring an additional 4,100 shares during the period. Finally, AE Wealth Management LLC boosted its position in shares of Banco Santander by 12.7% in the 3rd quarter. AE Wealth Management LLC now owns 37,488 shares of the bank’s stock worth $141,000 after purchasing an additional 4,216 shares in the last quarter. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

Banco Santander Stock Up 0.2 %

Shares of SAN opened at $5.06 on Friday. Banco Santander, S.A. has a 52 week low of $3.20 and a 52 week high of $5.07. 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 company has a market capitalization of $80.08 billion, a price-to-earnings ratio of 7.23, a PEG ratio of 0.48 and a beta of 1.22. The stock’s 50-day moving average price is $4.53 and its 200-day moving average price is $4.16.

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, hitting analysts’ consensus estimates of $0.18. The company 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 previous year, the company posted $0.14 EPS. On average, sell-side analysts predict that Banco Santander, S.A. will post 0.8 EPS 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. Shareholders of record on Tuesday, April 30th will be issued a dividend of $0.1027 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a dividend yield of 3.2%. This is a boost from Banco Santander’s previous semi-annual dividend of $0.09. Banco Santander’s dividend payout ratio is presently 17.14%.

Analyst Ratings Changes

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

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.