Banco Santander, S.A. $SAN Holdings Increased by Todd Asset Management LLC

Todd Asset Management LLC raised its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 2.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 7,630,413 shares of the bank’s stock after acquiring an additional 194,081 shares during the quarter. Banco Santander accounts for approximately 1.7% of Todd Asset Management LLC’s investment portfolio, making the stock its 2nd biggest position. Todd Asset Management LLC’s holdings in Banco Santander were worth $89,505,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Prospera Financial Services Inc lifted its holdings in shares of Banco Santander by 400.5% during the 4th quarter. Prospera Financial Services Inc now owns 135,698 shares of the bank’s stock valued at $1,592,000 after buying an additional 108,585 shares during the period. Strategic Financial Concepts LLC bought a new position in shares of Banco Santander during the 4th quarter valued at $340,000. Coldstream Capital Management Inc. lifted its holdings in shares of Banco Santander by 9.5% during the 4th quarter. Coldstream Capital Management Inc. now owns 89,050 shares of the bank’s stock valued at $1,045,000 after buying an additional 7,721 shares during the period. Jefferies Financial Group Inc. lifted its holdings in shares of Banco Santander by 16.3% during the 4th quarter. Jefferies Financial Group Inc. now owns 39,452 shares of the bank’s stock valued at $463,000 after buying an additional 5,515 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Banco Santander by 3.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 39,375 shares of the bank’s stock valued at $462,000 after buying an additional 1,440 shares during the period. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on SAN. UBS Group reaffirmed a “buy” rating on shares of Banco Santander in a report on Monday, February 16th. Santander reaffirmed an “outperform” rating on shares of Banco Santander in a report on Tuesday, May 12th. Weiss Ratings cut Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 8th. Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Monday, March 23rd. Finally, Royal Bank Of Canada raised Banco Santander from a “sector perform” rating to an “outperform” rating in a report on Monday, February 23rd. Seven analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Banco Santander has a consensus rating of “Moderate Buy”.

Banco Santander Stock Up 0.1%

NYSE:SAN opened at $12.06 on Monday. The business’s 50-day simple moving average is $11.75 and its two-hundred day simple moving average is $11.69. The stock has a market cap of $177.08 billion, a PE ratio of 9.96, a P/E/G ratio of 0.68 and a beta of 0.73. Banco Santander, S.A. has a 52 week low of $7.80 and a 52 week high of $13.24.

Banco Santander (NYSE:SAN) last posted its quarterly earnings results on Wednesday, April 29th. The bank reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The business had revenue of $17.53 billion for the quarter, compared to the consensus estimate of $17.66 billion. Banco Santander had a net margin of 26.92% and a return on equity of 12.23%. Sell-side analysts anticipate that Banco Santander, S.A. will post 1.12 earnings per share for the current fiscal year.

Banco Santander Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, May 8th. Stockholders of record on Monday, May 4th were given a dividend of $0.1473 per share. The ex-dividend date was Monday, May 4th. This represents a dividend yield of 255.0%. Banco Santander’s dividend payout ratio (DPR) is presently 17.36%.

Banco Santander Profile

Banco Santander, SA (NYSE: SAN) is a Spanish multinational banking group headquartered in Santander, Spain. Founded in 1857, the bank has grown from a regional institution into one of Europe’s largest banking groups, operating a diversified financial services platform that serves retail, small and medium-sized enterprises, and large corporate clients. Santander is publicly listed in Spain and maintains American Depositary Receipts on the New York Stock Exchange under the ticker SAN.

The group’s core activities include retail and commercial banking—offering deposit accounts, payment services, mortgages, personal and auto loans, and small business financing—alongside corporate and investment banking services for larger institutional clients.