Raymond James Financial Services Advisors Inc. Sells 5,384 Shares of Banco Santander, S.A. (NYSE:SAN)

Raymond James Financial Services Advisors Inc. reduced its position in Banco Santander, S.A. (NYSE:SAN) by 16.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,718 shares of the bank’s stock after selling 5,384 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Banco Santander were worth $111,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Anchor Investment Management LLC purchased a new stake in Banco Santander in the 4th quarter valued at $95,000. Raymond James & Associates raised its position in Banco Santander by 239.8% in the 4th quarter. Raymond James & Associates now owns 653,167 shares of the bank’s stock valued at $2,704,000 after buying an additional 460,923 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Banco Santander in the 3rd quarter valued at $1,345,000. Raymond James Trust N.A. purchased a new stake in shares of Banco Santander during the 4th quarter valued at $43,000. Finally, Blair William & Co. IL purchased a new stake in shares of Banco Santander during the 3rd quarter valued at $507,000. 9.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Banco Santander Trading Up 0.2 %

Shares of Banco Santander stock opened at $5.06 on Friday. Banco Santander, S.A. has a 1 year low of $3.20 and a 1 year high of $5.07. The firm has a market cap of $80.08 billion, a PE ratio of 7.23, a P/E/G ratio of 0.48 and a beta of 1.22. The stock has a fifty day moving average price of $4.53 and a 200-day moving average price of $4.16. The company has a debt-to-equity ratio of 4.24, a current ratio of 0.35 and a quick ratio of 0.35.

Banco Santander (NYSE:SAN) last announced its quarterly earnings data on Tuesday, January 30th. The bank reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. Banco Santander had a return on equity of 10.82% and a net margin of 19.29%. The company had revenue of $15.67 billion during the quarter. During the same period last year, the business posted $0.14 EPS. Equities research analysts anticipate that Banco Santander, S.A. will post 0.8 EPS for the current year.

Banco Santander Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Tuesday, May 7th. Investors of record on Tuesday, April 30th will be issued a $0.1027 dividend. The ex-dividend date is Monday, April 29th. This represents a yield of 3.2%. This is a positive change from Banco Santander’s previous semi-annual dividend of $0.09. Banco Santander’s dividend payout ratio (DPR) is 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.