Banco Santander, S.A. $SAN Holdings Lowered by Todd Asset Management LLC

Todd Asset Management LLC reduced its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 5.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,436,332 shares of the bank’s stock after selling 431,065 shares during the quarter. Banco Santander accounts for 1.6% of Todd Asset Management LLC’s holdings, making the stock its 2nd largest position. Todd Asset Management LLC’s holdings in Banco Santander were worth $77,933,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Lazard Asset Management LLC lifted its stake in shares of Banco Santander by 2,038,075.5% in the 2nd quarter. Lazard Asset Management LLC now owns 7,643,158 shares of the bank’s stock valued at $63,438,000 after purchasing an additional 7,642,783 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Banco Santander by 85.0% in the third quarter. Envestnet Asset Management Inc. now owns 5,552,931 shares of the bank’s stock worth $58,195,000 after acquiring an additional 2,551,675 shares during the period. Bank of America Corp DE grew its position in shares of Banco Santander by 68.5% during the 2nd quarter. Bank of America Corp DE now owns 4,778,086 shares of the bank’s stock valued at $39,658,000 after acquiring an additional 1,942,579 shares during the period. American Century Companies Inc. raised its holdings in Banco Santander by 9.5% in the 2nd quarter. American Century Companies Inc. now owns 3,614,912 shares of the bank’s stock worth $30,004,000 after purchasing an additional 315,032 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Banco Santander by 3.3% during the third quarter. JPMorgan Chase & Co. now owns 2,954,166 shares of the bank’s stock worth $30,960,000 after purchasing an additional 95,069 shares in the last quarter. Institutional investors and hedge funds own 9.19% of the company’s stock.

Analysts Set New Price Targets

SAN has been the subject of several research analyst reports. UBS Group downgraded Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Weiss Ratings restated a “buy (b+)” rating on shares of Banco Santander in a research report on Wednesday, January 21st. Kepler Capital Markets upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a research report on Tuesday, January 13th. Wall Street Zen upgraded Banco Santander from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, Barclays lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Banco Santander Stock Performance

NYSE SAN opened at $11.87 on Monday. The stock’s fifty day moving average is $12.05 and its two-hundred day moving average is $10.71. The firm has a market capitalization of $176.61 billion, a P/E ratio of 11.75, a price-to-earnings-growth ratio of 0.72 and a beta of 0.72. Banco Santander, S.A. has a fifty-two week low of $5.54 and a fifty-two week high of $13.11.

Banco Santander (NYSE:SAN) last issued its earnings results on Tuesday, February 3rd. The bank reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. The business had revenue of $18.90 billion during the quarter, compared to the consensus estimate of $15.89 billion. Banco Santander had a return on equity of 12.14% and a net margin of 18.85%. As a group, sell-side analysts forecast that Banco Santander, S.A. will post 0.83 EPS for the current year.

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.