Kestra Private Wealth Services LLC Acquires 6,065 Shares of Banco Santander, S.A. (NYSE:SAN)

Kestra Private Wealth Services LLC raised its holdings in Banco Santander, S.A. (NYSE:SAN) by 54.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,263 shares of the bank’s stock after buying an additional 6,065 shares during the period. Kestra Private Wealth Services LLC’s holdings in Banco Santander were worth $71,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Xponance Inc. acquired a new stake in Banco Santander during the 3rd quarter valued at $74,000. Raymond James & Associates boosted its holdings in shares of Banco Santander by 4.2% during the 3rd quarter. Raymond James & Associates now owns 192,244 shares of the bank’s stock worth $723,000 after buying an additional 7,816 shares during the period. Stratos Wealth Partners LTD. acquired a new position in Banco Santander in the 3rd quarter valued at about $56,000. Brown Advisory Inc. bought a new position in Banco Santander in the 3rd quarter valued at about $49,000. Finally, Advisor Partners II LLC boosted its holdings in shares of Banco Santander by 13.5% during the third quarter. Advisor Partners II LLC now owns 456,605 shares of the bank’s stock worth $1,717,000 after acquiring an additional 54,304 shares during the period. 9.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SAN has been the topic of a number of recent research reports. StockNews.com upgraded Banco Santander from a “buy” rating to a “strong-buy” rating in a research note on Monday. Barclays upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 25th.

Banco Santander Stock Performance

NYSE SAN opened at $5.06 on Friday. Banco Santander, S.A. has a 12-month low of $3.20 and a 12-month high of $5.17. The firm has a 50-day moving average price of $4.69 and a two-hundred day moving average price of $4.25. The company has a market capitalization of $80.00 billion, a P/E ratio of 7.02, a P/E/G ratio of 0.46 and a beta of 1.19. The company has a quick ratio of 0.35, a current ratio of 2.27 and a debt-to-equity ratio of 13.96.

Banco Santander Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, May 7th. Shareholders of record on Tuesday, April 30th were issued a $0.1027 dividend. The ex-dividend date of this dividend was Monday, April 29th. This is a boost from Banco Santander’s previous semi-annual dividend of $0.09. This represents a yield of 3.2%. Banco Santander’s payout ratio is currently 19.44%.

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.