RWA Wealth Partners LLC Makes New Investment in Banco Santander, S.A. (NYSE:SAN)

RWA Wealth Partners LLC acquired a new position in shares of Banco Santander, S.A. (NYSE:SAN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 820,499 shares of the bank’s stock, valued at approximately $3,397,000.

A number of other institutional investors have also added to or reduced their stakes in SAN. Riversedge Advisors LLC acquired a new position in shares of Banco Santander during the fourth quarter worth approximately $42,000. Raymond James Trust N.A. acquired a new position in shares of Banco Santander during the fourth quarter valued at about $43,000. HB Wealth Management LLC acquired a new stake in shares of Banco Santander in the 4th quarter worth about $43,000. Allworth Financial LP increased its holdings in Banco Santander by 46.3% during the 4th quarter. Allworth Financial LP now owns 10,795 shares of the bank’s stock worth $45,000 after purchasing an additional 3,415 shares in the last quarter. Finally, Boltwood Capital Management bought a new position in shares of Banco Santander in the fourth quarter valued at approximately $46,000. 9.19% of the stock is owned by institutional investors and hedge funds.

Banco Santander Trading Up 3.3 %

NYSE:SAN opened at $5.02 on Tuesday. The firm’s 50 day moving average is $4.46 and its 200 day moving average is $4.14. Banco Santander, S.A. has a 12 month low of $3.20 and a 12 month high of $5.05. The stock has a market capitalization of $79.44 billion, a PE ratio of 6.94, a price-to-earnings-growth ratio of 0.46 and a beta of 1.22. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 4.24.

Banco Santander (NYSE:SAN) last posted its earnings results on Tuesday, January 30th. The bank reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. Banco Santander had a net margin of 19.29% and a return on equity of 10.82%. The firm had revenue of $15.67 billion during the quarter. During the same quarter in the previous year, the business earned $0.14 EPS. Sell-side analysts expect that Banco Santander, S.A. will post 0.8 earnings per share for the current year.

Banco Santander Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.1027 per share. The ex-dividend date of this dividend is Monday, April 29th. This is a boost from Banco Santander’s previous semi-annual dividend of $0.09. This represents a dividend yield of 3.2%. Banco Santander’s dividend payout ratio is currently 17.14%.

Analyst Upgrades and Downgrades

Separately, Barclays raised Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 25th.

About Banco Santander

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.