Nwam LLC Lowers Holdings in Banco Santander, S.A. $SAN

Nwam LLC trimmed its holdings in Banco Santander, S.A. (NYSE:SAN) by 96.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,842 shares of the bank’s stock after selling 369,872 shares during the quarter. Nwam LLC’s holdings in Banco Santander were worth $163,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SAN. CIBC Bancorp USA Inc. purchased a new position in shares of Banco Santander in the third quarter worth $93,811,000. Lazard Asset Management LLC increased its holdings in Banco Santander by 2,038,075.5% in the 2nd quarter. Lazard Asset Management LLC now owns 7,643,158 shares of the bank’s stock valued at $63,438,000 after acquiring an additional 7,642,783 shares during the last quarter. Capital International Investors increased its holdings in Banco Santander by 67.5% in the 3rd quarter. Capital International Investors now owns 14,529,024 shares of the bank’s stock valued at $149,504,000 after acquiring an additional 5,856,034 shares during the last quarter. Raymond James Financial Inc. lifted its stake in Banco Santander by 225.3% in the 3rd quarter. Raymond James Financial Inc. now owns 4,100,768 shares of the bank’s stock worth $42,976,000 after purchasing an additional 2,840,145 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Banco Santander by 85.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 5,552,931 shares of the bank’s stock valued at $58,195,000 after purchasing an additional 2,551,675 shares during the last quarter. Institutional investors own 9.19% of the company’s stock.

Banco Santander Trading Down 0.6%

Shares of NYSE:SAN opened at $11.95 on Thursday. The company has a market cap of $175.46 billion, a price-to-earnings ratio of 9.87, a PEG ratio of 0.68 and a beta of 0.73. Banco Santander, S.A. has a 12 month low of $7.61 and a 12 month high of $13.24. The company has a 50-day moving average price of $11.65 and a 200 day moving average price of $11.60.

Banco Santander (NYSE:SAN) last issued its quarterly earnings data on Wednesday, April 29th. The bank reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.02). Banco Santander had a return on equity of 12.23% and a net margin of 26.92%.The company had revenue of $17.53 billion for the quarter, compared to the consensus estimate of $17.66 billion. As a group, equities analysts forecast that Banco Santander, S.A. will post 1.12 EPS for the current year.

Banco Santander Announces Dividend

The business also recently declared a dividend, which was paid on Friday, May 8th. Investors of record on Monday, May 4th were issued a dividend of $0.1473 per share. This represents a yield of 255.0%. The ex-dividend date was Monday, May 4th. Banco Santander’s dividend payout ratio is presently 17.36%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. UBS Group reaffirmed a “buy” rating on shares of Banco Santander in a report on Monday, February 16th. Morgan Stanley upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Monday, March 23rd. Santander reaffirmed an “outperform” rating on shares of Banco Santander in a research note on Tuesday. Royal Bank Of Canada upgraded Banco Santander from a “sector perform” rating to an “outperform” rating in a research report on Monday, February 23rd. Finally, Weiss Ratings lowered shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 8th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Banco Santander currently has a consensus rating of “Moderate Buy”.

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.