Creative Planning boosted its stake in Banco Santander, S.A. (NYSE:SAN) by 68.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 150,431 shares of the bank’s stock after purchasing an additional 61,167 shares during the period. Creative Planning’s holdings in Banco Santander were worth $674,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Lenox Wealth Management Inc. increased its position in Banco Santander by 1,064.1% in the 4th quarter. Lenox Wealth Management Inc. now owns 5,844 shares of the bank’s stock valued at $26,000 after acquiring an additional 5,342 shares during the period. Ipswich Investment Management Co. Inc. acquired a new position in Banco Santander during the 4th quarter worth approximately $30,000. Legacy Financial Advisors Inc. increased its position in Banco Santander by 459.0% during the 4th quarter. Legacy Financial Advisors Inc. now owns 10,102 shares of the bank’s stock worth $45,000 after purchasing an additional 8,295 shares during the period. Wells Trecaso Financial Group LLC acquired a new position in Banco Santander during the 4th quarter worth approximately $46,000. Finally, Heathbridge Capital Management Ltd. acquired a new position in Banco Santander during the 4th quarter worth approximately $48,000. Hedge funds and other institutional investors own 1.70% of the company’s stock.
Several equities analysts have issued reports on the company. Zacks Investment Research cut Banco Santander from a “hold” rating to a “sell” rating in a research report on Tuesday, January 22nd. ValuEngine upgraded Banco Santander from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 1st. TheStreet cut Banco Santander from an “a-” rating to a “d” rating in a research report on Thursday, February 7th. Finally, Goldman Sachs Group upgraded Banco Santander to a “buy” rating and set a $6.00 target price on the stock in a research report on Saturday, February 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $6.75.
Banco Santander (NYSE:SAN) last released its earnings results on Tuesday, January 29th. The bank reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.01). Banco Santander had a return on equity of 7.56% and a net margin of 16.13%. The business had revenue of $14.31 billion for the quarter. As a group, equities research analysts forecast that Banco Santander, S.A. will post 0.54 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, February 8th. Investors of record on Thursday, January 31st were issued a $0.0746 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 6.59%. The ex-dividend date of this dividend was Wednesday, January 30th. Banco Santander’s dividend payout ratio is currently 41.82%.
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Banco Santander Company Profile
Banco Santander, SA, together with its subsidiaries, provides various retail and commercial banking products and services for individual and corporate clients worldwide. It offers demand and time deposits, and current and savings accounts; certificates of deposit; mortgages, auto finance, and personal loans; working capital finance; and debit and credit cards, as well as life and non-life insurance products.
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