Waterfront Wealth Inc. Sells 4,347 Shares of Banco Santander, S.A. $SAN

Waterfront Wealth Inc. trimmed its position in shares of Banco Santander, S.A. (NYSE:SAN) by 2.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 216,484 shares of the bank’s stock after selling 4,347 shares during the quarter. Waterfront Wealth Inc.’s holdings in Banco Santander were worth $1,797,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. May Hill Capital LLC increased its stake in Banco Santander by 10.3% during the second quarter. May Hill Capital LLC now owns 24,166 shares of the bank’s stock valued at $201,000 after acquiring an additional 2,249 shares during the period. SYM FINANCIAL Corp increased its stake in Banco Santander by 24.5% during the second quarter. SYM FINANCIAL Corp now owns 33,645 shares of the bank’s stock valued at $279,000 after acquiring an additional 6,624 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in Banco Santander during the second quarter valued at about $559,000. Envestnet Asset Management Inc. increased its stake in Banco Santander by 153.5% during the second quarter. Envestnet Asset Management Inc. now owns 3,001,256 shares of the bank’s stock valued at $24,910,000 after acquiring an additional 1,817,192 shares during the period. Finally, Whipplewood Advisors LLC increased its stake in Banco Santander by 35,550.0% during the second quarter. Whipplewood Advisors LLC now owns 4,991 shares of the bank’s stock valued at $41,000 after acquiring an additional 4,977 shares during the period. 9.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Kepler Capital Markets lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Banco Santander in a report on Wednesday, October 8th. Zacks Research raised Banco Santander from a “hold” rating to a “strong-buy” rating in a report on Monday, October 20th. Finally, The Goldman Sachs Group downgraded Banco Santander from a “strong-buy” rating to a “strong sell” rating in a report on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Banco Santander Trading Up 2.1%

NYSE SAN opened at $10.08 on Wednesday. The company has a market capitalization of $150.00 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 0.67 and a beta of 1.02. Banco Santander, S.A. has a 1-year low of $4.43 and a 1-year high of $10.50. The stock’s 50 day moving average is $9.91 and its two-hundred day moving average is $8.72.

Banco Santander (NYSE:SAN) last released its quarterly earnings results on Wednesday, July 30th. The bank reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.04). The business had revenue of $17.83 billion for the quarter, compared to the consensus estimate of $17.69 billion. Banco Santander had a return on equity of 11.98% and a net margin of 17.30%. On average, analysts predict that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Banco Santander Dividend Announcement

The firm also recently declared a dividend, which will be paid on Thursday, November 6th. Investors of record on Friday, October 31st will be given a dividend of $0.0956 per share. The ex-dividend date is Friday, October 31st. This represents a yield of 196.0%. Banco Santander’s dividend payout ratio is 20.00%.

Banco Santander 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.