Todd Asset Management LLC Raises Stake in Banco Santander, S.A. $SAN

Todd Asset Management LLC raised its position in Banco Santander, S.A. (NYSE:SAN) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,630,413 shares of the bank’s stock after buying an additional 194,081 shares during the quarter. Banco Santander comprises about 1.7% of Todd Asset Management LLC’s holdings, making the stock its 2nd largest position. Todd Asset Management LLC owned about 0.05% of Banco Santander worth $89,505,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in SAN. AQR Capital Management LLC raised its stake in shares of Banco Santander by 77.4% in the first quarter. AQR Capital Management LLC now owns 419,635 shares of the bank’s stock valued at $2,812,000 after buying an additional 183,051 shares during the period. Integrated Wealth Concepts LLC raised its stake in shares of Banco Santander by 3.7% in the first quarter. Integrated Wealth Concepts LLC now owns 71,990 shares of the bank’s stock valued at $482,000 after buying an additional 2,566 shares during the period. Jones Financial Companies Lllp raised its stake in shares of 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 buying an additional 7,508 shares during the period. Focus Partners Wealth grew its position in shares of Banco Santander by 65.3% in 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 purchased a new position in shares of Banco Santander in the first quarter valued at $601,000. 9.19% of the stock is currently owned by institutional investors.

Banco Santander Price Performance

SAN opened at $12.06 on Monday. Banco Santander, S.A. has a one year low of $7.80 and a one year high of $13.24. The firm has a market capitalization of $177.08 billion, a price-to-earnings ratio of 9.96, a PEG ratio of 0.68 and a beta of 0.73. The business has a 50 day simple moving average of $11.75 and a two-hundred day simple moving average of $11.69.

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

Banco Santander Dividend Announcement

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

Analysts Set New Price Targets

SAN has been the subject of several recent research reports. UBS Group reiterated a “buy” rating on shares of Banco Santander in a research report on Monday, February 16th. Morgan Stanley upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 23rd. Wall Street Zen upgraded Banco Santander from a “hold” rating to a “buy” rating in a research report on Sunday, April 26th. Royal Bank Of Canada upgraded Banco Santander from a “sector perform” rating to an “outperform” rating in a report on Monday, February 23rd. Finally, Weiss Ratings cut Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 8th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Banco Santander Company 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.