Banco Santander SA (SAN) Shares Sold by Claraphi Advisory Network LLC

Claraphi Advisory Network LLC lowered its stake in Banco Santander SA (NYSE:SAN) by 25.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,851 shares of the bank’s stock after selling 7,949 shares during the period. Claraphi Advisory Network LLC’s holdings in Banco Santander were worth $107,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Lenox Wealth Management Inc. lifted its holdings in shares of Banco Santander by 1,064.1% during the fourth quarter. Lenox Wealth Management Inc. now owns 5,844 shares of the bank’s stock worth $26,000 after purchasing an additional 5,342 shares during the period. Ipswich Investment Management Co. Inc. acquired a new position in shares of Banco Santander during the fourth quarter worth $30,000. Parallel Advisors LLC lifted its holdings in shares of Banco Santander by 76.5% during the fourth quarter. Parallel Advisors LLC now owns 9,606 shares of the bank’s stock worth $43,000 after purchasing an additional 4,164 shares during the period. Gilbert & Cook Inc. acquired a new position in shares of Banco Santander during the fourth quarter worth $45,000. Finally, Legacy Financial Advisors Inc. lifted its holdings in shares of Banco Santander by 459.0% during the fourth quarter. Legacy Financial Advisors Inc. now owns 10,102 shares of the bank’s stock worth $45,000 after purchasing an additional 8,295 shares during the period. Hedge funds and other institutional investors own 1.68% of the company’s stock.

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SAN opened at $4.62 on Friday. Banco Santander SA has a 1-year low of $4.21 and a 1-year high of $6.86. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 4.05. The firm has a market capitalization of $75.07 billion, a price-to-earnings ratio of 8.40, a P/E/G ratio of 1.52 and a beta of 1.09.

Banco Santander (NYSE:SAN) last posted its quarterly earnings results on Tuesday, January 29th. The bank reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.01). Banco Santander had a net margin of 16.13% and a return on equity of 7.56%. The company had revenue of $14.31 billion during the quarter. On average, equities analysts predict that Banco Santander SA will post 0.55 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, February 8th. Shareholders of record on Thursday, January 31st were paid a $0.0746 dividend. This represents a $0.30 annualized dividend and a yield of 6.46%. The ex-dividend date of this dividend was Wednesday, January 30th. Banco Santander’s dividend payout ratio (DPR) is currently 41.82%.

A number of brokerages have recently commented on SAN. Zacks Investment Research lowered shares of Banco Santander from a “hold” rating to a “sell” rating in a report on Tuesday, January 22nd. ValuEngine downgraded shares of Banco Santander from a “hold” rating to a “sell” rating in a research note on Saturday, February 23rd. TheStreet downgraded shares of Banco Santander from an “a-” rating to a “d” rating in a research note on Thursday, February 7th. Finally, Goldman Sachs Group raised shares of Banco Santander to a “buy” rating and set a $6.00 target price for the company in a research note on Saturday, February 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Banco Santander presently has a consensus rating of “Hold” and a consensus target price of $6.75.

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About Banco Santander

Banco Santander, SA, together with its subsidiaries, provides various retail and commercial banking products and services for individual and corporate clients worldwide. It offers demand and time deposits, and current and savings accounts; certificates of deposit; mortgages, auto finance, and personal loans; working capital finance; and debit and credit cards, as well as life and non-life insurance products.

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