Callan Capital LLC Invests $168,000 in Banco Santander, S.A. (NYSE:SAN)

Callan Capital LLC purchased a new position in shares of Banco Santander, S.A. (NYSE:SAN) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 40,606 shares of the bank’s stock, valued at approximately $168,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SAN. CWM LLC boosted its position in Banco Santander by 25.1% during the third quarter. CWM LLC now owns 27,861 shares of the bank’s stock worth $105,000 after acquiring an additional 5,591 shares during the last quarter. AE Wealth Management LLC boosted its position in Banco Santander by 12.7% during the third quarter. AE Wealth Management LLC now owns 37,488 shares of the bank’s stock worth $141,000 after acquiring an additional 4,216 shares during the last quarter. SOL Capital Management CO boosted its position in Banco Santander by 17.8% during the third quarter. SOL Capital Management CO now owns 27,177 shares of the bank’s stock worth $102,000 after acquiring an additional 4,100 shares during the last quarter. Clarius Group LLC acquired a new position in Banco Santander during the third quarter worth about $122,000. Finally, Golden State Equity Partners acquired a new position in Banco Santander during the third quarter worth about $143,000. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander Trading Up 1.0 %

NYSE:SAN traded up $0.05 on Friday, hitting $5.11. The stock had a trading volume of 2,819,876 shares, compared to its average volume of 3,795,292. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 4.24. The stock has a market cap of $80.87 billion, a price-to-earnings ratio of 7.29, a PEG ratio of 0.49 and a beta of 1.22. The company has a fifty day moving average price of $4.55 and a two-hundred day moving average price of $4.17. Banco Santander, S.A. has a 1-year low of $3.20 and a 1-year high of $5.17.

Banco Santander (NYSE:SAN) last posted its earnings results on Tuesday, January 30th. The bank reported $0.18 earnings per share for the quarter, meeting the consensus estimate 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 quarter in the previous year, the firm earned $0.14 earnings per share. Equities research analysts expect that Banco Santander, S.A. will post 0.8 earnings per share for the current fiscal year.

Banco Santander Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Tuesday, April 30th will be issued a $0.1027 dividend. This is a positive change from Banco Santander’s previous semi-annual dividend of $0.09. This represents a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, April 29th. Banco Santander’s dividend payout ratio is currently 17.14%.

Analyst Ratings Changes

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

Banco Santander Company 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.