Banco Santander, S.A. $SAN Shares Newly Acquired by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC acquired a new position in shares of Banco Santander, S.A. (NYSE:SAN) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 49,536 shares of the bank’s stock, valued at approximately $668,000.

Several other hedge funds have also modified their holdings of the stock. Bank of America Corp DE grew its holdings in Banco Santander by 118.9% in the first quarter. Bank of America Corp DE now owns 11,413,194 shares of the bank’s stock valued at $128,741,000 after purchasing an additional 6,198,828 shares during the period. Quantinno Capital Management LP raised its stake 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 worth $28,955,000 after purchasing an additional 705,034 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of 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 valued at $17,324,000 after purchasing an additional 373,646 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in shares of Banco Santander by 10.4% in the 1st quarter. QRG Capital Management Inc. now owns 1,473,746 shares of the bank’s stock valued at $16,624,000 after purchasing an additional 138,582 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of Banco Santander by 18.3% during the 1st quarter. Sei Investments Co. now owns 956,275 shares of the bank’s stock valued at $10,787,000 after buying an additional 147,776 shares during the period. 9.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SAN. DZ Bank restated a “neutral” rating on shares of Banco Santander in a report on Wednesday, July 22nd. Santander reaffirmed a “buy” rating on shares of Banco Santander in a research report on Tuesday, June 23rd. Mediobanca reiterated an “outperform” rating on shares of Banco Santander in a report on Tuesday, September 15th. Royal Bank Of Canada reissued a “buy” rating on shares of Banco Santander in a research report on Tuesday, July 28th. Finally, UBS Group restated a “buy” rating on shares of Banco Santander in a research note on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.10.

Banco Santander Price Performance

NYSE SAN traded down $0.15 during mid-day trading on Friday, hitting $13.30. The company’s stock had a trading volume of 5,324,141 shares, compared to its average volume of 8,662,060. The firm has a market capitalization of $195.44 billion, a P/E ratio of 10.82, a price-to-earnings-growth ratio of 0.69 and a beta of 0.74. Banco Santander, S.A. has a 52-week low of $9.62 and a 52-week high of $15.05. The stock’s fifty day simple moving average is $14.32 and its two-hundred day simple moving average is $13.36.

Banco Santander (NYSE:SAN) last released its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $17.90 billion. On average, equities analysts forecast that Banco Santander, S.A. will post 1.21 earnings per share for the current fiscal year.

Banco Santander Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, November 5th. Investors of record on Friday, October 30th will be issued a dividend of $0.1439 per share. The ex-dividend date is Friday, October 30th. This represents a dividend yield of 217.0%. Banco Santander’s payout ratio is presently 17.07%.

Banco Santander Profile

Banco Santander, SA is a global banking group headquartered in Santander, Spain. Founded in 1857, the company provides financial services to individuals, businesses and institutions through subsidiaries and branches across Europe, North America and South America.

Its principal activities include retail and commercial banking, consumer finance, corporate and investment banking, wealth management, insurance and payment services. Santander offers products such as checking and savings accounts, mortgages, personal loans, credit cards, business financing, investment products and digital banking solutions.

The group serves customers in markets including Spain, the United Kingdom, Portugal, Poland, Brazil, Mexico, Chile, Argentina and the United States.