Macquarie Group Ltd. lowered its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 33.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,621,042 shares of the bank’s stock after selling 3,784,249 shares during the period. Macquarie Group Ltd. owned approximately 0.05% of Banco Santander, worth $39,477,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Banco Santander, during the fourth quarter valued at $22,350,000. SG Americas Securities LLC raised its position in Banco Santander, by 196.5% in the third quarter. SG Americas Securities LLC now owns 2,501,017 shares of the bank’s stock worth $11,029,000 after buying an additional 1,657,419 shares during the last quarter. OLD Mission Capital LLC acquired a new position in Banco Santander, during the third quarter worth approximately $10,772,000. GFS Advisors LLC raised its position in shares of Banco Santander, by 9.9% in the fourth quarter. GFS Advisors LLC now owns 1,296,602 shares of the bank’s stock valued at $6,717,000 after buying an additional 116,381 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky purchased a new position in shares of Banco Santander, during the fourth quarter valued at about $5,247,000. Institutional investors own 0.61% of the company’s stock.
Banco Santander, S.A. (NYSE:SAN) traded up 1.6633% on Thursday, reaching $6.0693. The company had a trading volume of 11,636,575 shares. The firm has a market capitalization of $88.50 billion, a P/E ratio of 14.0169 and a beta of 1.67. Banco Santander, S.A. has a 1-year low of $3.60 and a 1-year high of $6.23. The company’s 50-day moving average price is $5.91 and its 200 day moving average price is $5.24.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 12th. Stockholders of record on Friday, April 28th will be given a $0.0588 dividend. The ex-dividend date is Wednesday, April 26th. This represents a $0.24 annualized dividend and a dividend yield of 3.94%. This is a positive change from Banco Santander,’s previous quarterly dividend of $0.06. Banco Santander,’s dividend payout ratio is presently 38.64%.
A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Banco Santander, in a research report on Thursday. Zacks Investment Research raised Banco Santander, from a “hold” rating to a “buy” rating and set a $6.75 price objective for the company in a research report on Thursday, March 23rd. Deutsche Bank AG reiterated a “buy” rating on shares of Banco Santander, in a research report on Tuesday, March 14th. Societe Generale began coverage on Banco Santander, in a research report on Thursday, February 23rd. They set a “buy” rating on the stock. Finally, Kepler Capital Markets reissued a “buy” rating on shares of Banco Santander, in a report on Wednesday, February 22nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company. Banco Santander, currently has an average rating of “Buy” and a consensus price target of $6.75.
About Banco Santander,
Banco Santander, SA is a retail and commercial bank. The Banks segments include Continental Europe, the United Kingdom, Latin America and the United States. The Continental Europe segment covers all businesses in the Continental Europe. The United Kingdom segment includes the businesses developed by various units and branches in the country.
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