Crossmark Global Holdings Inc. Buys 56,346 Shares of Banco Santander, S.A. $SAN

Crossmark Global Holdings Inc. lifted its stake in shares of Banco Santander, S.A. (NYSE:SANFree Report) by 4.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,280,253 shares of the bank’s stock after purchasing an additional 56,346 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Banco Santander were worth $13,417,000 as of its most recent SEC filing.

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

Key Stories Impacting Banco Santander

Here are the key news stories impacting Banco Santander this week:

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SAN. Wall Street Zen upgraded Banco Santander from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Kepler Capital Markets upgraded Banco Santander from a “hold” rating to a “buy” rating in a research report on Tuesday, January 13th. Royal Bank Of Canada raised Banco Santander from a “sector perform” rating to an “outperform” rating in a research note on Monday, February 23rd. Weiss Ratings upgraded shares of Banco Santander from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, February 27th. Finally, DZ Bank cut shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Banco Santander has a consensus rating of “Moderate Buy”.

Read Our Latest Stock Analysis on SAN

Banco Santander Stock Performance

Shares of SAN stock opened at $11.20 on Friday. The business’s 50-day moving average price is $12.25 and its 200-day moving average price is $10.99. Banco Santander, S.A. has a 12 month low of $5.54 and a 12 month high of $13.24. The company has a current ratio of 0.33, a quick ratio of 0.25 and a debt-to-equity ratio of 3.15. The firm has a market capitalization of $166.72 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 0.70 and a beta of 0.71.

Banco Santander (NYSE:SANGet Free Report) last issued its quarterly earnings data on Tuesday, February 3rd. The bank reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. Banco Santander had a net margin of 18.85% and a return on equity of 12.14%. The business had revenue of $18.90 billion during the quarter, compared to analyst estimates of $15.89 billion. Equities research analysts forecast that Banco Santander, S.A. will post 0.83 EPS for the current year.

Banco Santander Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 8th. Investors of record on Monday, May 4th will be paid a $0.1473 dividend. The ex-dividend date of this dividend is Monday, May 4th. This represents a dividend yield of 254.0%. Banco Santander’s payout ratio is currently 17.82%.

Banco Santander Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding SAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Banco Santander, S.A. (NYSE:SANFree Report).

Institutional Ownership by Quarter for Banco Santander (NYSE:SAN)

Receive News & Ratings for Banco Santander Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Santander and related companies with MarketBeat.com's FREE daily email newsletter.