Shares of Banco Santander, S.A. (NYSE:SAN) gapped up before the market opened on Thursday following a dividend announcement from the company. The stock had previously closed at $5.84, but opened at $5.97. Banco Santander, shares last traded at $6.07, with a volume of 15,363,713 shares trading hands.
The newly announced dividend which will be paid on Friday, May 12th. Stockholders of record on Friday, April 28th will be paid a $0.0588 dividend. This is an increase from Banco Santander,’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Wednesday, April 26th. This represents a $0.24 annualized dividend and a dividend yield of 3.88%. Banco Santander,’s dividend payout ratio (DPR) is presently 38.64%.
Several brokerages have recently issued reports on SAN. JPMorgan Chase & Co. restated a “buy” rating on shares of Banco Santander, in a research note on Thursday. Kepler Capital Markets reiterated a “buy” rating on shares of Banco Santander, in a research note on Wednesday, February 22nd. Societe Generale initiated coverage on shares of Banco Santander, in a research note on Thursday, February 23rd. They set a “buy” rating on the stock. Citigroup Inc reiterated a “buy” rating on shares of Banco Santander, in a research note on Thursday, February 9th. Finally, BNP Paribas downgraded shares of Banco Santander, from an “outperform” rating to an “underperform” rating in a research note on Thursday, February 9th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $6.75.
The firm has a market cap of $88.51 billion, a PE ratio of 14.02 and a beta of 1.67. The firm has a 50 day moving average price of $5.91 and a 200-day moving average price of $5.24.
A number of hedge funds have recently added to or reduced their stakes in the stock. Farmers & Merchants Investments Inc. raised its stake in Banco Santander, by 2.5% in the first quarter. Farmers & Merchants Investments Inc. now owns 19,694 shares of the bank’s stock valued at $120,000 after buying an additional 485 shares during the period. Weybosset Research & Management LLC raised its stake in Banco Santander, by 0.8% in the first quarter. Weybosset Research & Management LLC now owns 34,006 shares of the bank’s stock valued at $206,000 after buying an additional 268 shares during the period. Capstone Asset Management Co. raised its stake in Banco Santander, by 2.7% in the first quarter. Capstone Asset Management Co. now owns 1,231,932 shares of the bank’s stock valued at $7,478,000 after buying an additional 32,160 shares during the period. Bank of Montreal Can raised its stake in Banco Santander, by 30.2% in the first quarter. Bank of Montreal Can now owns 809,785 shares of the bank’s stock valued at $4,915,000 after buying an additional 187,628 shares during the period. Finally, SOL Capital Management CO raised its stake in Banco Santander, by 3.5% in the first quarter. SOL Capital Management CO now owns 86,177 shares of the bank’s stock valued at $523,000 after buying an additional 2,920 shares during the period. 0.61% of the stock is currently owned by institutional investors and hedge funds.
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Banco Santander, Company Profile
Banco Santander, SA is a retail and commercial bank. The Banks segments include Continental Europe, the United Kingdom, Latin America and the United States. The Continental Europe segment covers all businesses in the Continental Europe. The United Kingdom segment includes the businesses developed by various units and branches in the country.
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