CacheTech Inc. Buys New Holdings in Banco Santander, S.A. $SAN

CacheTech Inc. purchased a new position in Banco Santander, S.A. (NYSE:SAN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 344,424 shares of the bank’s stock, valued at approximately $2,859,000.

A number of other institutional investors have also recently made changes to their positions in SAN. Flow Traders U.S. LLC raised its holdings in Banco Santander by 390.2% in the 1st quarter. Flow Traders U.S. LLC now owns 176,881 shares of the bank’s stock worth $1,185,000 after purchasing an additional 140,800 shares in the last quarter. Pekin Hardy Strauss Inc. raised its stake in Banco Santander by 104.3% in the second quarter. Pekin Hardy Strauss Inc. now owns 241,250 shares of the bank’s stock worth $2,002,000 after buying an additional 123,150 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Banco Santander by 17.8% in the first quarter. Russell Investments Group Ltd. now owns 362,080 shares of the bank’s stock worth $2,426,000 after buying an additional 54,664 shares during the period. OLD Mission Capital LLC boosted its position in Banco Santander by 46.4% during the 1st quarter. OLD Mission Capital LLC now owns 887,446 shares of the bank’s stock valued at $5,946,000 after acquiring an additional 281,101 shares in the last quarter. Finally, Choreo LLC boosted its position in Banco Santander by 20.4% during the 2nd quarter. Choreo LLC now owns 120,933 shares of the bank’s stock valued at $1,004,000 after acquiring an additional 20,530 shares in the last quarter. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on SAN shares. Weiss Ratings restated a “buy (b+)” rating on shares of Banco Santander in a research note on Wednesday, October 8th. The Goldman Sachs Group cut shares of Banco Santander from a “strong-buy” rating to a “strong sell” rating in a report on Thursday, October 16th. Finally, Zacks Research lowered shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Banco Santander presently has an average rating of “Hold”.

Banco Santander Price Performance

Shares of Banco Santander stock opened at $11.36 on Monday. The stock has a market cap of $169.02 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 0.70 and a beta of 0.74. Banco Santander, S.A. has a 1 year low of $4.43 and a 1 year high of $11.57. The firm’s 50-day moving average is $10.37 and its 200 day moving average is $9.49.

Banco Santander (NYSE:SAN) last issued its earnings results on Wednesday, October 29th. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). Banco Santander had a return on equity of 11.68% and a net margin of 17.90%.The firm had revenue of $20.94 billion during the quarter, compared to analysts’ expectations of $15.32 billion. On average, equities analysts expect that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Banco Santander Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, November 6th. Investors of record on Friday, October 31st were given a $0.0956 dividend. The ex-dividend date of this dividend was Friday, October 31st. This represents a yield of 263.0%. Banco Santander’s dividend payout ratio is 20.21%.

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.