Banco Santander, S.A. $SAN Shares Newly Bought by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC acquired a new stake in shares of Banco Santander, S.A. (NYSE:SAN) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 52,204 shares of the bank’s stock, valued at approximately $722,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SAN. Bank of America Corp DE grew its position in Banco Santander by 118.9% during 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 acquiring an additional 6,198,828 shares during the last quarter. Quantinno Capital Management LP raised its holdings in shares of Banco Santander by 37.9% during the first quarter. Quantinno Capital Management LP now owns 2,566,939 shares of the bank’s stock valued at $28,955,000 after acquiring an additional 705,034 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Banco Santander by 32.1% during 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 in the last quarter. QRG Capital Management Inc. grew its holdings in shares of Banco Santander by 10.4% during the 1st quarter. QRG Capital Management Inc. now owns 1,473,746 shares of the bank’s stock worth $16,624,000 after acquiring an additional 138,582 shares during the period. Finally, Sei Investments Co. lifted its position in Banco Santander by 18.3% during the first 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 currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wall Street Zen cut shares of Banco Santander from a “buy” rating to a “hold” rating in a research report on Saturday, October 3rd. Jefferies Financial Group cut Banco Santander from a “buy” rating to a “hold” rating in a research note on Tuesday. Mediobanca restated an “outperform” rating on shares of Banco Santander in a research note on Tuesday, September 15th. Barclays reiterated a “buy” rating on shares of Banco Santander in a research note on Tuesday, July 14th. Finally, Weiss Ratings cut shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Banco Santander currently has a consensus rating of “Moderate Buy” and an average target price of $15.10.

Banco Santander Stock Performance

Shares of NYSE SAN traded down $0.06 during trading on Friday, hitting $12.84. The company had a trading volume of 6,689,251 shares, compared to its average volume of 8,289,738. Banco Santander, S.A. has a 12 month low of $9.66 and a 12 month high of $15.05. The firm has a market capitalization of $188.65 billion, a P/E ratio of 10.44, a price-to-earnings-growth ratio of 0.63 and a beta of 0.74. The stock has a 50 day simple moving average of $14.15 and a 200 day simple moving average of $13.42.

Banco Santander (NYSE:SAN) last released its earnings results on Wednesday, July 22nd. The bank reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The firm had revenue of $17.93 billion for the quarter, compared to the consensus estimate of $17.90 billion. Banco Santander had a return on equity of 12.43% and a net margin of 26.94%. As a group, analysts predict that Banco Santander, S.A. will post 1.20 EPS for the current year.

Banco Santander Announces Dividend

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

About Banco Santander

Banco Santander, SA is a Spain-based global banking group founded in 1857 and headquartered in Santander, Spain. The company provides financial services to individuals, businesses, institutions and governments through a network spanning Europe, North America and South America.

Its principal activities include retail and commercial banking, consumer finance, corporate and investment banking, payments, asset management and private banking. Santander offers products and services such as current and savings accounts, mortgages, personal and business loans, credit cards, insurance, investment products, cash-management services and financing for corporate clients.

The group operates through established banking businesses in markets including Spain, the United Kingdom, Portugal, Poland, Brazil, Mexico, Chile, Argentina and the United States.