Crossmark Global Holdings Inc. Cuts Stake in Banco Santander, S.A. $SAN

Crossmark Global Holdings Inc. reduced its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 11.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,130,317 shares of the bank’s stock after selling 149,936 shares during the period. Crossmark Global Holdings Inc.’s holdings in Banco Santander were worth $13,259,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SAN. Ballentine Partners LLC increased its position in shares of Banco Santander by 6.6% in the 4th quarter. Ballentine Partners LLC now owns 165,634 shares of the bank’s stock valued at $1,943,000 after purchasing an additional 10,283 shares during the last quarter. Diversify Wealth Management LLC increased its position in shares of Banco Santander by 18.5% in the 4th quarter. Diversify Wealth Management LLC now owns 12,369 shares of the bank’s stock valued at $151,000 after purchasing an additional 1,934 shares during the last quarter. MGO One Seven LLC increased its position in shares of Banco Santander by 13.6% in the 4th quarter. MGO One Seven LLC now owns 25,207 shares of the bank’s stock valued at $296,000 after purchasing an additional 3,016 shares during the last quarter. Crestwood Advisors Group LLC purchased a new stake in shares of Banco Santander in the 4th quarter valued at approximately $173,000. Finally, Sequoia Financial Advisors LLC increased its position in shares of Banco Santander by 2.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 210,642 shares of the bank’s stock valued at $2,471,000 after purchasing an additional 4,181 shares during the last quarter. 9.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Royal Bank Of Canada raised shares of Banco Santander from a “sector perform” rating to an “outperform” rating in a research report on Monday, February 23rd. Kepler Capital Markets raised shares of Banco Santander from a “hold” rating to a “buy” rating in a research report on Tuesday, January 13th. Weiss Ratings downgraded shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday. Santander reissued a “buy” rating on shares of Banco Santander in a research report on Tuesday. Finally, Wall Street Zen upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Banco Santander presently has a consensus rating of “Moderate Buy”.

Banco Santander Price Performance

Shares of NYSE:SAN opened at $12.29 on Friday. The stock has a market cap of $180.46 billion, a P/E ratio of 10.15, a P/E/G ratio of 0.70 and a beta of 0.73. The firm has a fifty day moving average price of $11.69 and a 200 day moving average price of $11.53. Banco Santander, S.A. has a 1-year low of $7.39 and a 1-year high of $13.24.

Banco Santander (NYSE:SAN) last issued its quarterly earnings results on Wednesday, April 29th. The bank reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The business had revenue of $17.53 billion for the quarter, compared to analyst estimates of $17.66 billion. Banco Santander had a return on equity of 12.23% and a net margin of 26.92%. Sell-side analysts expect that Banco Santander, S.A. will post 1.12 EPS for the current fiscal year.

Banco Santander Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, May 8th. Shareholders of record on Monday, May 4th were given a dividend of $0.1473 per share. The ex-dividend date was Monday, May 4th. This represents a yield of 255.0%. Banco Santander’s dividend payout ratio is presently 17.36%.

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.