Proficio Capital Partners LLC Makes New $100,000 Investment in Banco Santander, S.A. (NYSE:SAN)

Proficio Capital Partners LLC purchased a new position in shares of Banco Santander, S.A. (NYSE:SAN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 22,000 shares of the bank’s stock, valued at approximately $100,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SAN. R Squared Ltd bought a new stake in shares of Banco Santander in the 4th quarter worth about $27,000. Sierra Ocean LLC acquired a new stake in shares of Banco Santander during the fourth quarter worth $32,000. Advisors Preferred LLC bought a new position in shares of Banco Santander in the 4th quarter worth about $37,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Banco Santander during the 3rd quarter valued at about $45,000. Finally, CogentBlue Wealth Advisors LLC acquired a new stake in Banco Santander during the fourth quarter worth about $50,000. Institutional investors own 9.19% of the company’s stock.

Banco Santander Stock Down 0.6 %

SAN opened at $6.46 on Friday. The company has a debt-to-equity ratio of 13.83, a current ratio of 2.24 and a quick ratio of 0.23. Banco Santander, S.A. has a 12 month low of $4.27 and a 12 month high of $6.83. The stock’s 50 day moving average price is $5.59 and its 200 day moving average price is $5.09. The stock has a market cap of $97.93 billion, a P/E ratio of 7.79, a P/E/G ratio of 0.77 and a beta of 1.09.

Banco Santander (NYSE:SAN) last issued its quarterly earnings data on Wednesday, February 5th. The bank reported $0.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.21. Banco Santander had a net margin of 15.88% and a return on equity of 11.90%. As a group, research analysts predict that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Banco Santander Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 30th will be issued a $0.1152 dividend. The ex-dividend date is Wednesday, April 30th. This is a boost from Banco Santander’s previous semi-annual dividend of $0.08. This represents a dividend yield of 2.4%. Banco Santander’s dividend payout ratio (DPR) is 18.07%.

Wall Street Analyst Weigh In

SAN has been the subject of several recent research reports. Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 26th. StockNews.com upgraded Banco Santander from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods raised shares of Banco Santander from a “hold” rating to a “moderate buy” rating in a report on Monday, February 24th. Finally, The Goldman Sachs Group cut shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Banco Santander currently has an average rating of “Buy”.

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.