Banco Santander, S.A. (NYSE:SAN) Shares Sold by Todd Asset Management LLC

Todd Asset Management LLC trimmed its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,563,478 shares of the bank’s stock after selling 127,278 shares during the quarter. Todd Asset Management LLC’s holdings in Banco Santander were worth $31,313,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Sapient Capital LLC acquired a new stake in shares of Banco Santander in the fourth quarter worth approximately $178,000. M&T Bank Corp boosted its stake in Banco Santander by 15.8% during the 4th quarter. M&T Bank Corp now owns 66,447 shares of the bank’s stock worth $275,000 after purchasing an additional 9,083 shares during the last quarter. Natixis Advisors L.P. grew its holdings in shares of Banco Santander by 19.1% during the fourth quarter. Natixis Advisors L.P. now owns 1,106,340 shares of the bank’s stock worth $4,579,000 after buying an additional 177,692 shares in the last quarter. First Trust Direct Indexing L.P. raised its position in shares of Banco Santander by 7.3% in the fourth quarter. First Trust Direct Indexing L.P. now owns 422,336 shares of the bank’s stock valued at $1,748,000 after buying an additional 28,606 shares during the last quarter. Finally, Sage Rhino Capital LLC lifted its stake in shares of Banco Santander by 5.9% in the fourth quarter. Sage Rhino Capital LLC now owns 48,690 shares of the bank’s stock worth $202,000 after buying an additional 2,695 shares in the last quarter. Institutional investors and hedge funds own 9.19% of the company’s stock.

Analyst Ratings Changes

Separately, Barclays raised Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 25th.

Banco Santander Trading Down 0.8 %

Shares of Banco Santander stock traded down $0.04 on Friday, reaching $4.83. The company had a trading volume of 1,502,812 shares, compared to its average volume of 4,117,114. Banco Santander, S.A. has a 52-week low of $3.20 and a 52-week high of $5.17. The company has a debt-to-equity ratio of 13.96, a quick ratio of 0.35 and a current ratio of 2.27. The firm’s 50 day moving average price is $4.63 and its two-hundred day moving average price is $4.21. The firm has a market cap of $76.44 billion, a PE ratio of 6.71, a PEG ratio of 0.46 and a beta of 1.19.

Banco Santander (NYSE:SAN) last announced its quarterly earnings data on Tuesday, January 30th. The bank reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. The business had revenue of $15.67 billion for the quarter. Banco Santander had a return on equity of 10.95% and a net margin of 14.98%. During the same quarter in the previous year, the business posted $0.14 earnings per share. Sell-side analysts predict that Banco Santander, S.A. will post 0.8 earnings per share for the current fiscal year.

Banco Santander Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Tuesday, May 7th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.1027 per share. This is a positive change from Banco Santander’s previous semi-annual dividend of $0.09. This represents a yield of 3.2%. The ex-dividend date is Monday, April 29th. Banco Santander’s dividend payout ratio (DPR) is currently 20.83%.

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.