Frontier Investment Mgmt Co. Sells 48,840 Shares of Banco Santander, S.A. (SAN)
Frontier Investment Mgmt Co. lessened its holdings in Banco Santander, S.A. (NYSE:SAN) by 29.6% during the 4th quarter, Holdings Channel reports. The firm owned 115,926 shares of the bank’s stock after selling 48,840 shares during the period. Frontier Investment Mgmt Co.’s holdings in Banco Santander were worth $758,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of Banco Santander by 196.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 168,977 shares of the bank’s stock valued at $1,168,000 after purchasing an additional 112,072 shares during the last quarter. Adviser Investments LLC bought a new position in shares of Banco Santander in the 3rd quarter valued at about $344,000. BB&T Securities LLC boosted its stake in shares of Banco Santander by 53.6% in the 3rd quarter. BB&T Securities LLC now owns 82,854 shares of the bank’s stock valued at $575,000 after purchasing an additional 28,896 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Banco Santander by 15.3% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 8,617,017 shares of the bank’s stock valued at $59,802,000 after purchasing an additional 1,141,920 shares during the last quarter. Finally, Aperio Group LLC boosted its stake in shares of Banco Santander by 3.9% in the 3rd quarter. Aperio Group LLC now owns 4,247,776 shares of the bank’s stock valued at $29,480,000 after purchasing an additional 158,907 shares during the last quarter. 1.25% of the stock is currently owned by institutional investors.
Several brokerages have recently issued reports on SAN. Zacks Investment Research lowered shares of Banco Santander from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Goldman Sachs Group raised shares of Banco Santander from a “neutral” rating to a “buy” rating and set a $6.20 price objective on the stock in a research note on Friday, November 24th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $13.15.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 8th. Investors of record on Wednesday, January 31st were paid a dividend of $0.0722 per share. This is a positive change from Banco Santander’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $0.29 annualized dividend and a yield of 4.14%. Banco Santander’s dividend payout ratio (DPR) is presently 35.56%.
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Banco Santander Company Profile
Banco Santander, SA is a retail and commercial bank. The Banks segments include Continental Europe, the United Kingdom, Latin America and the United States. The Continental Europe segment covers all businesses in the Continental Europe. The United Kingdom segment includes the businesses developed by various units and branches in the country.
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