BNP Paribas Financial Markets Sells 695,533 Shares of Banco Santander, S.A. (NYSE:SAN)

BNP Paribas Financial Markets trimmed its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 98.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 10,651 shares of the bank’s stock after selling 695,533 shares during the quarter. BNP Paribas Financial Markets’ holdings in Banco Santander were worth $49,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Atria Investments Inc lifted its position in shares of Banco Santander by 7.1% during the 4th quarter. Atria Investments Inc now owns 28,990 shares of the bank’s stock valued at $132,000 after acquiring an additional 1,917 shares during the period. WealthCollab LLC lifted its position in shares of Banco Santander by 35.1% during the 4th quarter. WealthCollab LLC now owns 7,801 shares of the bank’s stock valued at $36,000 after acquiring an additional 2,028 shares during the period. Principal Securities Inc. lifted its position in shares of Banco Santander by 13.4% during the 4th quarter. Principal Securities Inc. now owns 17,230 shares of the bank’s stock valued at $79,000 after acquiring an additional 2,032 shares during the period. Huntington National Bank lifted its position in shares of Banco Santander by 14.0% during the 4th quarter. Huntington National Bank now owns 19,459 shares of the bank’s stock valued at $89,000 after acquiring an additional 2,393 shares during the period. Finally, PDS Planning Inc lifted its position in shares of Banco Santander by 5.3% during the 4th quarter. PDS Planning Inc now owns 53,149 shares of the bank’s stock valued at $242,000 after acquiring an additional 2,670 shares during the period. 9.19% of the stock is currently owned by institutional investors.

Banco Santander Price Performance

Shares of SAN stock opened at $7.91 on Wednesday. The company has a quick ratio of 0.23, a current ratio of 2.24 and a debt-to-equity ratio of 13.83. Banco Santander, S.A. has a twelve month low of $4.27 and a twelve month high of $8.08. The company has a market cap of $119.78 billion, a P/E ratio of 9.52, a P/E/G ratio of 0.77 and a beta of 1.00. The business has a fifty day simple moving average of $7.13 and a 200 day simple moving average of $6.00.

Banco Santander (NYSE:SAN) last issued its quarterly earnings results on Wednesday, April 30th. The bank reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. Banco Santander had a return on equity of 11.90% and a net margin of 15.88%. The company had revenue of $17.69 billion during the quarter, compared to analysts’ expectations of $15.94 billion. On average, sell-side analysts forecast that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Banco Santander Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 30th were issued a $0.1152 dividend. This represents a dividend yield of 2.4%. The ex-dividend date was Wednesday, April 30th. This is a positive change from Banco Santander’s previous semi-annual dividend of $0.08. Banco Santander’s dividend payout ratio (DPR) is currently 20.69%.

Wall Street Analysts Forecast Growth

SAN has been the subject of several recent analyst reports. Keefe, Bruyette & Woods upgraded Banco Santander from a “hold” rating to a “moderate buy” rating in a research report on Monday, February 24th. The Goldman Sachs Group downgraded Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Finally, Wall Street Zen upgraded Banco Santander from a “hold” rating to a “buy” rating in a research report on Tuesday, May 13th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Banco Santander currently has a consensus rating of “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.