Orion Porfolio Solutions LLC Grows Holdings in Banco Santander, S.A. $SAN

Orion Porfolio Solutions LLC boosted its position in Banco Santander, S.A. (NYSE:SAN) by 102.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 737,924 shares of the bank’s stock after acquiring an additional 374,167 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Banco Santander were worth $7,733,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new position in shares of Banco Santander in the 3rd quarter worth about $25,000. True Wealth Design LLC purchased a new position in shares of Banco Santander during the 3rd quarter valued at about $27,000. Smithfield Trust Co bought a new stake in Banco Santander in the 2nd quarter worth approximately $30,000. Atlantic Union Bankshares Corp purchased a new stake in Banco Santander in the second quarter worth approximately $30,000. Finally, Princeton Global Asset Management LLC purchased a new stake in Banco Santander in the third quarter worth approximately $31,000. Institutional investors own 9.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SAN shares. Royal Bank Of Canada upgraded shares of Banco Santander from a “sector perform” rating to an “outperform” rating in a report on Monday, February 23rd. Weiss Ratings upgraded shares of Banco Santander from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, February 27th. Wall Street Zen upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Kepler Capital Markets upgraded Banco Santander from a “hold” rating to a “buy” rating in a report on Tuesday, January 13th. Finally, DZ Bank cut Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Banco Santander presently has a consensus rating of “Moderate Buy”.

Banco Santander Stock Performance

Shares of SAN stock opened at $11.07 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.33 and a debt-to-equity ratio of 3.15. The stock has a fifty day moving average of $12.23 and a 200 day moving average of $11.00. The firm has a market capitalization of $164.78 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 0.68 and a beta of 0.71. Banco Santander, S.A. has a 52 week low of $5.54 and a 52 week high of $13.24.

Banco Santander (NYSE:SAN) last announced its earnings results on Tuesday, February 3rd. 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 net margin of 18.85% and a return on equity of 12.14%. The firm had revenue of $18.90 billion for the quarter, compared to analyst estimates of $15.89 billion. As a group, research analysts expect that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Banco Santander Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, May 8th. Investors of record on Monday, May 4th will be given 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%.

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.