CacheTech Inc. Makes New $2.86 Million Investment in Banco Santander, S.A. $SAN

CacheTech Inc. purchased a new stake in shares of Banco Santander, S.A. (NYSE:SAN) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 344,424 shares of the bank’s stock, valued at approximately $2,859,000.

Other hedge funds have also recently made changes to their positions in the company. Invesco Ltd. boosted its holdings in Banco Santander by 4.4% in the second quarter. Invesco Ltd. now owns 42,573 shares of the bank’s stock worth $353,000 after purchasing an additional 1,786 shares during the last quarter. Foster Group Inc. boosted its stake in shares of Banco Santander by 11.9% in the 2nd quarter. Foster Group Inc. now owns 17,458 shares of the bank’s stock worth $145,000 after buying an additional 1,860 shares during the last quarter. Keel Point LLC grew its holdings in shares of Banco Santander by 7.0% in the second quarter. Keel Point LLC now owns 29,291 shares of the bank’s stock worth $243,000 after acquiring an additional 1,926 shares during the period. CWM LLC increased its position in Banco Santander by 6.5% during the second quarter. CWM LLC now owns 33,942 shares of the bank’s stock valued at $282,000 after acquiring an additional 2,085 shares during the last quarter. Finally, Addison Advisors LLC lifted its holdings in Banco Santander by 17.5% in the second quarter. Addison Advisors LLC now owns 14,132 shares of the bank’s stock valued at $117,000 after acquiring an additional 2,105 shares during the period. 9.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Banco Santander in a research report on Wednesday, October 8th. Zacks Research cut shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Finally, The Goldman Sachs Group cut shares of Banco Santander from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday, October 16th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Banco Santander currently has an average rating of “Hold”.

Banco Santander Price Performance

Shares of NYSE SAN opened at $11.36 on Monday. The stock has a market cap of $169.02 billion, a PE ratio of 12.08, a price-to-earnings-growth ratio of 0.70 and a beta of 0.74. Banco Santander, S.A. has a 1 year low of $4.43 and a 1 year high of $11.57. The firm has a fifty day moving average price of $10.37 and a 200-day moving average price of $9.49.

Banco Santander (NYSE:SAN) last issued its earnings results on Wednesday, October 29th. The bank reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02). Banco Santander had a return on equity of 11.68% and a net margin of 17.90%.The firm had revenue of $20.94 billion during the quarter, compared to the consensus estimate of $15.32 billion. On average, research analysts expect that Banco Santander, S.A. will post 0.83 EPS for the current year.

Banco Santander Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, November 6th. Stockholders of record on Friday, October 31st were paid a $0.0956 dividend. The ex-dividend date of this dividend was Friday, October 31st. This represents a dividend yield of 263.0%. Banco Santander’s dividend payout ratio is 20.21%.

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.