Banco Santander, S.A. $SAN Stock: Crossmark Global Holdings Inc. Trims Holdings

Crossmark Global Holdings Inc. lessened its position in Banco Santander, S.A. (NYSE:SAN) by 9.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 943,447 shares of the bank’s stock after selling 98,198 shares during the period. Crossmark Global Holdings Inc.’s holdings in Banco Santander were worth $13,048,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE grew its position in Banco Santander by 118.9% in the 1st quarter. Bank of America Corp DE now owns 11,413,194 shares of the bank’s stock worth $128,741,000 after purchasing an additional 6,198,828 shares in the last quarter. Quantinno Capital Management LP grew its position in Banco Santander by 37.9% during the first quarter. Quantinno Capital Management LP now owns 2,566,939 shares of the bank’s stock valued at $28,955,000 after buying an additional 705,034 shares during the period. Compass Rose Asset Management LP purchased a new stake in Banco Santander in the first quarter worth $7,163,000. Bank of New York Mellon Corp increased its holdings in Banco Santander by 32.1% in the 1st quarter. Bank of New York Mellon Corp now owns 1,535,847 shares of the bank’s stock worth $17,324,000 after acquiring an additional 373,646 shares during the last quarter. Finally, Assetmark Inc. raised its position in shares of Banco Santander by 257.4% in the first quarter. Assetmark Inc. now owns 399,352 shares of the bank’s stock valued at $4,505,000 after purchasing an additional 287,621 shares during the period. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

Banco Santander Stock Performance

Shares of NYSE:SAN opened at $12.90 on Friday. The stock has a 50 day moving average price of $14.19 and a 200-day moving average price of $13.42. The firm has a market capitalization of $189.57 billion, a P/E ratio of 12.66, a P/E/G ratio of 0.68 and a beta of 0.74. Banco Santander, S.A. has a 52-week low of $9.66 and a 52-week high of $15.05.

Banco Santander (NYSE:SAN) last issued its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.02). Banco Santander had a return on equity of 12.43% and a net margin of 26.94%. The business had revenue of $17.93 billion during the quarter, compared to the consensus estimate of $17.90 billion. On average, equities analysts forecast that Banco Santander, S.A. will post 1.20 EPS for the current fiscal year.

Banco Santander Announces Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, November 5th. Shareholders of record on Friday, October 30th will be paid a dividend of $0.1439 per share. This represents a yield of 217.0%. The ex-dividend date is Friday, October 30th. Banco Santander’s dividend payout ratio (DPR) is currently 17.07%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Royal Bank Of Canada reiterated a “buy” rating on shares of Banco Santander in a research note on Tuesday, July 28th. Jefferies Financial Group lowered shares of Banco Santander from a “buy” rating to a “hold” rating in a research report on Tuesday. Mediobanca reaffirmed an “outperform” rating on shares of Banco Santander in a report on Tuesday, September 15th. Weiss Ratings upgraded shares of Banco Santander from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, October 8th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Banco Santander in a report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $15.10.

Banco Santander Profile

Banco Santander, SA is a Spain-based global banking group founded in 1857 and headquartered in Santander, Spain. The company provides financial services to individuals, businesses, institutions and governments through a network spanning Europe, North America and South America.

Its principal activities include retail and commercial banking, consumer finance, corporate and investment banking, payments, asset management and private banking. Santander offers products and services such as current and savings accounts, mortgages, personal and business loans, credit cards, insurance, investment products, cash-management services and financing for corporate clients.

The group operates through established banking businesses in markets including Spain, the United Kingdom, Portugal, Poland, Brazil, Mexico, Chile, Argentina and the United States.