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

SeaCrest Wealth Management LLC bought a new position in Banco Santander, S.A. (NYSE:SAN) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 52,204 shares of the bank’s stock, valued at approximately $722,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE grew its stake 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 worth $128,741,000 after buying an additional 6,198,828 shares during the last quarter. Quantinno Capital Management LP grew its stake 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 purchasing an additional 705,034 shares during the last quarter. Bank of New York Mellon Corp raised its position in Banco Santander by 32.1% in the 1st quarter. Bank of New York Mellon Corp now owns 1,535,847 shares of the bank’s stock worth $17,324,000 after purchasing an additional 373,646 shares during the last quarter. QRG Capital Management Inc. raised its position in Banco Santander by 10.4% in the 1st quarter. QRG Capital Management Inc. now owns 1,473,746 shares of the bank’s stock worth $16,624,000 after purchasing an additional 138,582 shares during the last quarter. Finally, Sei Investments Co. boosted its position in Banco Santander by 18.3% in the 1st 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 last quarter. 9.19% of the stock is owned by institutional investors.

Banco Santander Stock Down 0.4%

Shares of SAN traded down $0.06 during midday trading on Friday, hitting $12.84. The company’s stock had a trading volume of 6,689,251 shares, compared to its average volume of 8,289,738. Banco Santander, S.A. has a one year low of $9.66 and a one year high of $15.05. The stock has a market capitalization of $188.65 billion, a price-to-earnings ratio of 10.44, a price-to-earnings-growth ratio of 0.63 and a beta of 0.74. The company’s fifty day simple moving average is $14.15 and its two-hundred day simple moving average is $13.42.

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

Banco Santander Announces Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, November 5th. Shareholders of record on Friday, October 30th will be given 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%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on SAN shares. Weiss Ratings cut shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Banco Santander in a report on Monday, July 27th. Wall Street Zen cut Banco Santander from a “buy” rating to a “hold” rating in a report on Saturday, October 3rd. UBS Group reaffirmed a “buy” rating on shares of Banco Santander in a research report on Monday, September 21st. Finally, Barclays reaffirmed a “buy” rating on shares of Banco Santander in a research report on Tuesday, July 14th. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.10.

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.