UBS Group AG Acquires 127,405 Shares of Banco Santander, S.A. $SAN

UBS Group AG lifted its holdings in Banco Santander, S.A. (NYSE:SAN) by 29.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 556,816 shares of the bank’s stock after buying an additional 127,405 shares during the period. UBS Group AG’s holdings in Banco Santander were worth $6,531,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Root Financial Partners LLC bought a new position in shares of Banco Santander in the 3rd quarter worth approximately $25,000. Eagle Bay Advisors LLC purchased a new stake in Banco Santander in the 4th quarter worth approximately $31,000. 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 worth $36,000 after acquiring an additional 2,938 shares in the last quarter. 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 worth $34,000 after acquiring an additional 1,582 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new stake in Banco Santander in the 4th quarter worth approximately $42,000. Institutional investors own 9.19% of the company’s stock.

Banco Santander Price Performance

Shares of SAN opened at $11.79 on Wednesday. Banco Santander, S.A. has a 1 year low of $7.80 and a 1 year high of $13.24. The company has a 50 day simple moving average of $11.70 and a two-hundred day simple moving average of $11.65. The firm has a market cap of $173.16 billion, a P/E ratio of 9.74, a price-to-earnings-growth ratio of 0.67 and a beta of 0.73.

Banco Santander (NYSE:SAN) last announced its quarterly earnings data on Wednesday, April 29th. The bank reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). Banco Santander had a net margin of 26.92% and a return on equity of 12.23%. The company had revenue of $17.53 billion for the quarter, compared to analysts’ expectations of $17.66 billion. On average, sell-side analysts anticipate that Banco Santander, S.A. will post 1.12 earnings per share for the current year.

Banco Santander Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SAN. Royal Bank Of Canada raised shares of Banco Santander from a “sector perform” rating to an “outperform” rating in a report on Monday, February 23rd. UBS Group reissued a “buy” rating on shares of Banco Santander in a report on Monday, February 16th. Wall Street Zen raised shares of Banco Santander from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. Santander reissued an “outperform” rating on shares of Banco Santander in a report on Tuesday, May 12th. Finally, Weiss Ratings lowered shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 8th. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Banco Santander has a consensus rating of “Moderate Buy”.

About Banco Santander

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.