Sei Investments Co. Acquires 20,897 Shares of Banco Santander, S.A. (NYSE:SAN)

Sei Investments Co. lifted its holdings in Banco Santander, S.A. (NYSE:SAN) by 4.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 493,836 shares of the bank’s stock after buying an additional 20,897 shares during the period. Sei Investments Co.’s holdings in Banco Santander were worth $2,286,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Rothschild Investment LLC bought a new stake in Banco Santander during the second quarter worth approximately $33,000. Financial Management Professionals Inc. boosted its holdings in shares of Banco Santander by 1,853.0% in the 1st quarter. Financial Management Professionals Inc. now owns 8,359 shares of the bank’s stock worth $40,000 after purchasing an additional 7,931 shares during the period. Sunpointe LLC purchased a new position in shares of Banco Santander in the 4th quarter worth approximately $43,000. Planned Solutions Inc. purchased a new stake in Banco Santander during the 2nd quarter valued at $47,000. Finally, AE Wealth Management LLC bought a new stake in Banco Santander in the second quarter worth $50,000. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

Banco Santander Stock Up 1.4 %

Shares of Banco Santander stock opened at $4.96 on Friday. Banco Santander, S.A. has a 52 week low of $3.52 and a 52 week high of $5.27. The company has a market capitalization of $78.49 billion, a PE ratio of 6.89, a price-to-earnings-growth ratio of 0.41 and a beta of 1.14. The stock’s fifty day moving average is $4.81 and its two-hundred day moving average is $4.86.

Banco Santander (NYSE:SAN) last posted its quarterly earnings results on Wednesday, July 24th. The bank reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. Banco Santander had a net margin of 15.35% and a return on equity of 11.42%. The firm had revenue of $16.87 billion for the quarter. As a group, research analysts anticipate that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Banco Santander Cuts Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 6th. Investors of record on Thursday, October 31st will be issued a $0.08 dividend. The ex-dividend date is Thursday, October 31st. This represents a dividend yield of 3%. Banco Santander’s payout ratio is 22.22%.

Analyst Upgrades and Downgrades

SAN has been the subject of several analyst reports. UBS Group upgraded shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 4th. StockNews.com downgraded shares of Banco Santander from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 22nd.

Banco Santander 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.