Kathmere Capital Management LLC Acquires 4,712 Shares of Banco Santander, S.A. (NYSE:SAN)

Kathmere Capital Management LLC raised its stake in Banco Santander, S.A. (NYSE:SAN) by 16.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,463 shares of the bank’s stock after buying an additional 4,712 shares during the quarter. Kathmere Capital Management LLC’s holdings in Banco Santander were worth $155,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC grew its holdings in shares of Banco Santander by 41.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 14,148,083 shares of the bank’s stock valued at $58,699,000 after acquiring an additional 4,139,669 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Banco Santander by 6.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 15,786,825 shares of the bank’s stock valued at $65,357,000 after acquiring an additional 892,960 shares in the last quarter. RWA Wealth Partners LLC grew its position in shares of Banco Santander by 106.2% during the 1st quarter. RWA Wealth Partners LLC now owns 1,691,945 shares of the bank’s stock worth $8,189,000 after purchasing an additional 871,446 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its position in shares of Banco Santander by 20.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 4,824,760 shares of the bank’s stock valued at $23,352,000 after buying an additional 834,200 shares in the last quarter. Finally, OLD Mission Capital LLC boosted its stake in shares of Banco Santander by 56.1% in the first quarter. OLD Mission Capital LLC now owns 1,417,650 shares of the bank’s stock valued at $6,861,000 after buying an additional 509,541 shares during the period. 9.19% of the stock is owned by institutional investors.

Banco Santander Stock Performance

Shares of NYSE SAN opened at $5.14 on Monday. The firm has a 50 day moving average price of $4.81 and a two-hundred day moving average price of $4.85. Banco Santander, S.A. has a 52-week low of $3.52 and a 52-week high of $5.27. The stock has a market cap of $81.34 billion, a P/E ratio of 7.14, a price-to-earnings-growth ratio of 0.40 and a beta of 1.14.

Banco Santander (NYSE:SAN) last posted its quarterly earnings data on Wednesday, July 24th. The bank reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. The company had revenue of $16.87 billion during the quarter. Banco Santander had a net margin of 15.35% and a return on equity of 11.42%. Analysts predict that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Banco Santander Cuts Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Thursday, October 31st will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, October 31st. Banco Santander’s dividend payout ratio (DPR) is presently 19.44%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SAN. UBS Group upgraded Banco Santander from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 4th. StockNews.com cut Banco Santander from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 22nd.

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.