Gallacher Capital Management LLC Has $475,000 Stock Holdings in Banco Santander, S.A. (NYSE:SAN)

Gallacher Capital Management LLC increased its holdings in Banco Santander, S.A. (NYSE:SAN) by 3.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,087 shares of the bank’s stock after purchasing an additional 3,434 shares during the period. Gallacher Capital Management LLC’s holdings in Banco Santander were worth $475,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SAN. Fisher Asset Management LLC raised its holdings in shares of Banco Santander by 1.4% in the 3rd quarter. Fisher Asset Management LLC now owns 143,585,152 shares of the bank’s stock worth $732,284,000 after buying an additional 2,011,150 shares in the last quarter. FMR LLC raised its stake in Banco Santander by 33.9% during the third quarter. FMR LLC now owns 20,893,727 shares of the bank’s stock worth $106,558,000 after acquiring an additional 5,290,236 shares in the last quarter. Groupama Asset Managment acquired a new position in Banco Santander during the third quarter worth $53,000. Chevy Chase Trust Holdings LLC raised its stake in Banco Santander by 106.3% during the fourth quarter. Chevy Chase Trust Holdings LLC now owns 9,101,145 shares of the bank’s stock worth $41,501,000 after acquiring an additional 4,689,461 shares in the last quarter. Finally, Todd Asset Management LLC increased its position in shares of Banco Santander by 0.5% during the 4th quarter. Todd Asset Management LLC now owns 8,896,192 shares of the bank’s stock worth $40,567,000 after purchasing an additional 45,326 shares in the last quarter. Institutional investors and hedge funds own 9.19% of the company’s stock.

Banco Santander Trading Up 5.0 %

SAN opened at $6.78 on Friday. The company has a current ratio of 2.24, a quick ratio of 0.23 and a debt-to-equity ratio of 13.83. The stock has a market capitalization of $102.66 billion, a PE ratio of 8.16, a PEG ratio of 0.77 and a beta of 1.09. Banco Santander, S.A. has a 1-year low of $4.27 and a 1-year high of $6.83. The firm has a 50-day moving average price of $5.63 and a two-hundred day moving average price of $5.11.

Banco Santander (NYSE:SAN) last issued its quarterly earnings results on Wednesday, February 5th. The bank reported $0.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.21. Banco Santander had a net margin of 15.88% and a return on equity of 11.90%. As a group, equities analysts anticipate that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Banco Santander Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.1152 per share. This is a boost from Banco Santander’s previous semi-annual dividend of $0.08. This represents a yield of 2.4%. The ex-dividend date is Wednesday, April 30th. Banco Santander’s payout ratio is currently 19.28%.

Wall Street Analyst Weigh In

SAN has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 26th. Keefe, Bruyette & Woods raised Banco Santander from a “hold” rating to a “moderate buy” rating in a report on Monday, February 24th. Finally, The Goldman Sachs Group cut Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

About Banco Santander

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.