Banco Santander, S.A. $SAN Stake Lessened by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. cut its stake in Banco Santander, S.A. (NYSE:SAN) by 12.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 314,077 shares of the bank’s stock after selling 45,993 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Banco Santander were worth $2,607,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Flow Traders U.S. LLC boosted its holdings in shares of Banco Santander by 390.2% in the first quarter. Flow Traders U.S. LLC now owns 176,881 shares of the bank’s stock valued at $1,185,000 after acquiring an additional 140,800 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Banco Santander by 12.9% in the first quarter. PNC Financial Services Group Inc. now owns 299,177 shares of the bank’s stock valued at $2,004,000 after acquiring an additional 34,248 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Banco Santander by 17.8% during the first quarter. Russell Investments Group Ltd. now owns 362,080 shares of the bank’s stock worth $2,426,000 after buying an additional 54,664 shares in the last quarter. OLD Mission Capital LLC boosted its holdings in Banco Santander by 46.4% during the first quarter. OLD Mission Capital LLC now owns 887,446 shares of the bank’s stock worth $5,946,000 after buying an additional 281,101 shares in the last quarter. Finally, Atlas Capital Advisors Inc. bought a new stake in Banco Santander during the first quarter worth approximately $375,000. 9.19% of the stock is currently owned by institutional investors.

Banco Santander Stock Performance

Banco Santander stock opened at $10.36 on Thursday. The company has a 50 day moving average price of $9.92 and a 200 day moving average price of $8.75. Banco Santander, S.A. has a 52 week low of $4.43 and a 52 week high of $10.50. The firm has a market capitalization of $154.14 billion, a price-to-earnings ratio of 11.51, a P/E/G ratio of 0.68 and a beta of 1.02.

Banco Santander (NYSE:SAN) last posted its quarterly earnings data on Wednesday, July 30th. The bank reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.04). Banco Santander had a return on equity of 11.98% and a net margin of 17.30%.The firm had revenue of $17.83 billion during the quarter, compared to analyst estimates of $17.69 billion. Equities analysts forecast that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Banco Santander Announces Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, November 6th. Investors of record on Friday, October 31st will be paid a $0.0956 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a yield of 196.0%. Banco Santander’s dividend payout ratio (DPR) is currently 20.00%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Zacks Research upgraded shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a report on Monday, October 20th. Weiss Ratings restated a “buy (b+)” rating on shares of Banco Santander in a report on Wednesday, October 8th. Kepler Capital Markets cut shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Finally, The Goldman Sachs Group cut shares of Banco Santander from a “strong-buy” rating to a “strong sell” rating in a report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Banco Santander currently has an average rating of “Moderate Buy”.

Banco Santander Company Profile

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.