Barometer Capital Management Inc. Sells 85,570 Shares of Banco Santander, S.A. $SAN

Barometer Capital Management Inc. reduced its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 4.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,671,913 shares of the bank’s stock after selling 85,570 shares during the quarter. Banco Santander makes up approximately 4.4% of Barometer Capital Management Inc.’s holdings, making the stock its biggest position. Barometer Capital Management Inc.’s holdings in Banco Santander were worth $17,295,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. AQR Capital Management LLC increased its position in shares of Banco Santander by 77.4% during the 1st quarter. AQR Capital Management LLC now owns 419,635 shares of the bank’s stock worth $2,812,000 after purchasing an additional 183,051 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of Banco Santander by 3.7% in the 1st quarter. Integrated Wealth Concepts LLC now owns 71,990 shares of the bank’s stock valued at $482,000 after buying an additional 2,566 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Banco Santander by 271.2% in the first quarter. Jones Financial Companies Lllp now owns 10,276 shares of the bank’s stock valued at $69,000 after buying an additional 7,508 shares in the last quarter. Focus Partners Wealth increased its holdings in Banco Santander by 65.3% during the first quarter. Focus Partners Wealth now owns 71,169 shares of the bank’s stock worth $477,000 after buying an additional 28,107 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Banco Santander during the first quarter worth $601,000. Institutional investors own 9.19% of the company’s stock.

Wall Street Analyst Weigh In

SAN has been the topic of a number of research analyst reports. Barclays cut shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Weiss Ratings upgraded Banco Santander from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, February 27th. Kepler Capital Markets upgraded Banco Santander from a “hold” rating to a “buy” rating in a research note on Tuesday, January 13th. Zacks Research cut Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Finally, Wall Street Zen raised Banco Santander from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Banco Santander currently has a consensus rating of “Moderate Buy”.

Banco Santander Price Performance

Shares of NYSE SAN opened at $11.39 on Thursday. The business has a fifty day moving average price of $12.21 and a two-hundred day moving average price of $11.05. The stock has a market capitalization of $169.47 billion, a PE ratio of 11.27, a P/E/G ratio of 0.70 and a beta of 0.71. The company has a debt-to-equity ratio of 3.15, a current ratio of 0.33 and a quick ratio of 0.33. Banco Santander, S.A. has a fifty-two week low of $5.54 and a fifty-two week high of $13.24.

Banco Santander (NYSE:SAN) last released its earnings results on Tuesday, February 3rd. The bank reported $0.28 EPS for the quarter, beating the consensus estimate of $0.24 by $0.04. Banco Santander had a net margin of 18.85% and a return on equity of 12.14%. The firm had revenue of $18.90 billion for the quarter, compared to analyst estimates of $15.89 billion. As a group, equities analysts predict that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Banco Santander Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, May 8th. Investors of record on Monday, May 4th will be given a dividend of $0.1473 per share. The ex-dividend date is Monday, May 4th. This represents a yield of 254.0%. Banco Santander’s dividend payout ratio (DPR) is currently 20.79%.

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.