Summit Global Investments Trims Stock Position in Banco Santander, S.A. (NYSE:SAN)

Summit Global Investments reduced its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 34.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 10,229 shares of the bank’s stock after selling 5,266 shares during the period. Summit Global Investments’ holdings in Banco Santander were worth $42,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. FMR LLC raised its position in Banco Santander by 1.4% during the third quarter. FMR LLC now owns 9,217,199 shares of the bank’s stock valued at $34,657,000 after acquiring an additional 124,106 shares in the last quarter. Optiver Holding B.V. lifted its stake in shares of Banco Santander by 770.4% in the 3rd quarter. Optiver Holding B.V. now owns 7,722,405 shares of the bank’s stock valued at $29,036,000 after purchasing an additional 6,835,153 shares during the period. American Century Companies Inc. boosted its holdings in Banco Santander by 6.9% during the third quarter. American Century Companies Inc. now owns 3,008,881 shares of the bank’s stock worth $11,313,000 after buying an additional 193,323 shares in the last quarter. Natixis Advisors L.P. grew its position in Banco Santander by 19.1% during the fourth quarter. Natixis Advisors L.P. now owns 1,106,340 shares of the bank’s stock valued at $4,579,000 after buying an additional 177,692 shares during the period. Finally, QRG Capital Management Inc. purchased a new position in Banco Santander in the third quarter valued at $3,488,000. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Banco Santander Stock Up 1.3 %

Shares of NYSE SAN opened at $4.90 on Tuesday. The stock has a market cap of $77.47 billion, a PE ratio of 6.80, a P/E/G ratio of 0.46 and a beta of 1.19. The company has a 50-day moving average of $4.65 and a 200 day moving average of $4.23. Banco Santander, S.A. has a 12-month low of $3.20 and a 12-month high of $5.17. The company has a current ratio of 2.27, a quick ratio of 0.35 and a debt-to-equity ratio of 13.96.

Banco Santander Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.1027 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a yield of 3.2%. This is a positive change from Banco Santander’s previous semi-annual dividend of $0.09. Banco Santander’s payout ratio is 19.44%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SAN. StockNews.com upgraded Banco Santander from a “buy” rating to a “strong-buy” rating in a report on Monday. Barclays raised Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 25th.

Banco Santander 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.