Bleakley Financial Group LLC Has $2.15 Million Holdings in Banco Santander, S.A. $SAN

Bleakley Financial Group LLC raised its stake in Banco Santander, S.A. (NYSE:SAN) by 161.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 183,524 shares of the bank’s stock after buying an additional 113,361 shares during the quarter. Bleakley Financial Group LLC’s holdings in Banco Santander were worth $2,153,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Orca Wealth Management LLC lifted its stake in Banco Santander by 1.4% in the fourth quarter. Orca Wealth Management LLC now owns 65,572 shares of the bank’s stock valued at $852,000 after buying an additional 894 shares during the period. Composition Wealth LLC lifted its stake in Banco Santander by 8.3% in the fourth quarter. Composition Wealth LLC now owns 12,442 shares of the bank’s stock valued at $146,000 after buying an additional 952 shares during the period. West Family Investments Inc. lifted its stake in Banco Santander by 2.0% in the third quarter. West Family Investments Inc. now owns 49,186 shares of the bank’s stock valued at $515,000 after buying an additional 965 shares during the period. Riversedge Advisors LLC lifted its stake in Banco Santander by 3.5% in the fourth quarter. Riversedge Advisors LLC now owns 29,426 shares of the bank’s stock valued at $345,000 after buying an additional 987 shares during the period. Finally, Stratos Investment Management LLC increased its position in shares of Banco Santander by 6.3% in the 4th quarter. Stratos Investment Management LLC now owns 16,870 shares of the bank’s stock valued at $198,000 after buying an additional 1,005 shares in the last quarter. Institutional investors and hedge funds own 9.19% of the company’s stock.

Banco Santander Price Performance

Shares of NYSE:SAN opened at $12.61 on Thursday. The company’s 50-day moving average price is $11.84 and its two-hundred day moving average price is $11.74. Banco Santander, S.A. has a one year low of $7.82 and a one year high of $13.24. The stock has a market capitalization of $185.23 billion, a PE ratio of 10.42, a price-to-earnings-growth ratio of 0.71 and a beta of 0.73.

Banco Santander (NYSE:SAN) last issued its quarterly earnings results on Wednesday, April 29th. The bank reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). Banco Santander had a return on equity of 12.23% and a net margin of 26.92%.The business had revenue of $17.53 billion for the quarter, compared to the consensus estimate of $17.66 billion. On average, analysts anticipate that Banco Santander, S.A. will post 1.11 earnings per share for the current fiscal year.

Banco Santander Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, May 8th. Shareholders 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 yield of 255.0%. Banco Santander’s payout ratio is 17.36%.

Analysts Set New Price Targets

A number of research firms recently commented on SAN. Wall Street Zen upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a research report on Sunday, April 26th. Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 23rd. UBS Group reaffirmed a “buy” rating on shares of Banco Santander in a research note on Monday, February 16th. Weiss Ratings lowered shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, May 8th. Finally, Royal Bank Of Canada raised shares of Banco Santander from a “sector perform” rating to an “outperform” rating in a research note on Monday, February 23rd. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Banco Santander currently has an average rating of “Moderate Buy”.

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.