Banco Santander, S.A. $SAN Shares Bought by Apollon Wealth Management LLC

Apollon Wealth Management LLC lifted its position in Banco Santander, S.A. (NYSE:SAN) by 54.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 124,105 shares of the bank’s stock after acquiring an additional 43,575 shares during the quarter. Apollon Wealth Management LLC’s holdings in Banco Santander were worth $1,456,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SAN. JPMorgan Chase & Co. boosted its position in Banco Santander by 3.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,954,166 shares of the bank’s stock valued at $30,960,000 after purchasing an additional 95,069 shares during the period. Dynasty Wealth Management LLC acquired a new position in Banco Santander during the 3rd quarter valued at approximately $1,743,000. TD Waterhouse Canada Inc. boosted its position in Banco Santander by 52.4% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 500,590 shares of the bank’s stock valued at $5,211,000 after purchasing an additional 172,042 shares during the period. Capital International Investors boosted its position in Banco Santander by 67.5% during the 3rd quarter. Capital International Investors now owns 14,529,024 shares of the bank’s stock valued at $149,504,000 after purchasing an additional 5,856,034 shares during the period. Finally, Clark Capital Management Group Inc. boosted its position in Banco Santander by 26.2% during the 3rd quarter. Clark Capital Management Group Inc. now owns 7,156,053 shares of the bank’s stock valued at $74,995,000 after purchasing an additional 1,485,006 shares during the period. Institutional investors and hedge funds own 9.19% of the company’s stock.

Banco Santander Stock Up 0.9%

Shares of Banco Santander stock opened at $12.32 on Tuesday. The stock’s fifty day moving average is $11.74 and its 200-day moving average is $11.29. The firm has a market capitalization of $183.31 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 0.74 and a beta of 0.76. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 3.15. Banco Santander, S.A. has a 12-month low of $6.46 and a 12-month high of $13.24.

Banco Santander (NYSE:SAN) last issued its quarterly earnings results on Wednesday, February 4th. The bank reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. Banco Santander had a return on equity of 12.14% and a net margin of 18.85%.The business had revenue of $17.68 billion for the quarter, compared to the consensus estimate of $15.89 billion. Equities analysts anticipate that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Banco Santander Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, May 8th. Stockholders of record on Monday, May 4th will be issued a dividend of $0.1473 per share. The ex-dividend date is Monday, May 4th. This represents a dividend yield of 254.0%. Banco Santander’s payout ratio is currently 18.81%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SAN. Kepler Capital Markets raised Banco Santander from a “hold” rating to a “buy” rating in a research note on Tuesday, January 13th. DZ Bank downgraded Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 18th. UBS Group reaffirmed a “buy” rating on shares of Banco Santander in a research report on Monday, February 16th. Barclays lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, Royal Bank Of Canada raised Banco Santander from a “sector perform” rating to an “outperform” rating in a research report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Banco Santander Company Profile

Banco Santander, SA (NYSE: SAN) is a Spanish multinational banking group headquartered in Santander, Spain. Founded in 1857, the bank has grown from a regional institution into one of Europe’s largest banking groups, operating a diversified financial services platform that serves retail, small and medium-sized enterprises, and large corporate clients. Santander is publicly listed in Spain and maintains American Depositary Receipts on the New York Stock Exchange under the ticker SAN.

The group’s core activities include retail and commercial banking—offering deposit accounts, payment services, mortgages, personal and auto loans, and small business financing—alongside corporate and investment banking services for larger institutional clients.