Banco Santander, S.A. $SAN Shares Acquired by Prospera Financial Services Inc

Prospera Financial Services Inc lifted its position in shares of Banco Santander, S.A. (NYSE:SAN) by 400.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 135,698 shares of the bank’s stock after purchasing an additional 108,585 shares during the period. Prospera Financial Services Inc’s holdings in Banco Santander were worth $1,592,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in Banco Santander in the 3rd quarter valued at $25,000. Eagle Bay Advisors LLC acquired a new stake in Banco Santander in the 4th quarter valued at $31,000. Cullen Frost Bankers Inc. acquired a new stake in Banco Santander in the 4th quarter valued at $34,000. Binnacle Investments Inc increased its holdings in Banco Santander by 96.2% in the 3rd quarter. Binnacle Investments Inc now owns 3,227 shares of the bank’s stock valued at $34,000 after purchasing an additional 1,582 shares in the last quarter. Finally, Sound Income Strategies LLC increased its holdings in Banco Santander by 11,752.0% in the 4th quarter. Sound Income Strategies LLC now owns 2,963 shares of the bank’s stock valued at $36,000 after purchasing an additional 2,938 shares in the last quarter. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander Price Performance

NYSE:SAN opened at $12.61 on Thursday. The firm has a 50-day moving average of $11.84 and a two-hundred day moving average of $11.74. The stock has a market cap of $185.23 billion, a P/E ratio of 10.42, a PEG ratio of 0.71 and a beta of 0.73. Banco Santander, S.A. has a 1-year low of $7.82 and a 1-year high of $13.24.

Banco Santander (NYSE:SAN) last posted its quarterly earnings data on Wednesday, April 29th. The bank reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The firm had revenue of $17.53 billion during the quarter, compared to analysts’ expectations of $17.66 billion. Banco Santander had a net margin of 26.92% and a return on equity of 12.23%. As a group, equities analysts expect that Banco Santander, S.A. will post 1.11 earnings per share for the current year.

Banco Santander Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, May 8th. Stockholders of record on Monday, May 4th were given a dividend of $0.1473 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a dividend yield of 255.0%. Banco Santander’s dividend payout ratio (DPR) is presently 17.36%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. UBS Group reiterated a “buy” rating on shares of Banco Santander in a report on Monday, February 16th. Wall Street Zen upgraded Banco Santander from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. Morgan Stanley upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Monday, March 23rd. Santander reiterated an “outperform” rating on shares of Banco Santander in a report on Tuesday, May 12th. Finally, Weiss Ratings cut shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, May 8th. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Banco Santander presently has a consensus rating of “Moderate Buy”.

Banco Santander 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.