Evolution Wealth Advisors LLC Has $227,000 Stake in Banco Santander, S.A. (NYSE:SAN)

Evolution Wealth Advisors LLC raised its position in shares of Banco Santander, S.A. (NYSE:SAN) by 135.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 54,742 shares of the bank’s stock after buying an additional 31,470 shares during the period. Evolution Wealth Advisors LLC’s holdings in Banco Santander were worth $227,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of SAN. Raymond James & Associates increased its holdings in shares of Banco Santander by 236.4% in the first quarter. Raymond James & Associates now owns 223,407 shares of the bank’s stock valued at $755,000 after purchasing an additional 157,003 shares in the last quarter. US Bancorp DE increased its holdings in shares of Banco Santander by 4.7% in the first quarter. US Bancorp DE now owns 210,073 shares of the bank’s stock valued at $711,000 after purchasing an additional 9,342 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Banco Santander by 26.8% in the first quarter. HighTower Advisors LLC now owns 240,518 shares of the bank’s stock valued at $814,000 after purchasing an additional 50,817 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of Banco Santander by 163.6% in the first quarter. Private Advisor Group LLC now owns 129,832 shares of the bank’s stock valued at $439,000 after purchasing an additional 80,573 shares in the last quarter. Finally, Citigroup Inc. boosted its stake in Banco Santander by 60.4% in the first quarter. Citigroup Inc. now owns 714,160 shares of the bank’s stock valued at $2,415,000 after acquiring an additional 269,055 shares during the last quarter. Institutional investors and hedge funds own 9.19% of the company’s stock.

Analysts Set New Price Targets

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

Banco Santander Price Performance

SAN stock remained flat at $4.75 during midday trading on Friday. 2,958,454 shares of the company’s stock were exchanged, compared to its average volume of 3,040,814. The stock’s 50 day moving average price is $4.44 and its 200-day moving average price is $4.13. The stock has a market capitalization of $75.09 billion, a PE ratio of 6.78, a PEG ratio of 0.45 and a beta of 1.22. Banco Santander, S.A. has a 1 year low of $3.20 and a 1 year high of $5.05. The company has a debt-to-equity ratio of 4.24, a quick ratio of 0.35 and a current ratio of 0.35.

Banco Santander (NYSE:SAN) last announced its quarterly earnings results on Tuesday, January 30th. The bank reported $0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.18. The company had revenue of $15.67 billion for the quarter. Banco Santander had a net margin of 19.29% and a return on equity of 10.82%. During the same period in the prior year, the business earned $0.14 earnings per share. As a group, equities analysts forecast that Banco Santander, S.A. will post 0.8 earnings per share for the current fiscal year.

Banco Santander Increases Dividend

The company 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. This represents a dividend yield of 3.2%. This is a boost from Banco Santander’s previous semi-annual dividend of $0.09. The ex-dividend date is Monday, April 29th. Banco Santander’s dividend payout ratio (DPR) is currently 17.14%.

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.