Cresset Asset Management LLC Has $389,000 Position in Banco Santander, S.A. (NYSE:SAN)

Cresset Asset Management LLC reduced its stake in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 70.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 85,325 shares of the bank's stock after selling 204,307 shares during the quarter. Cresset Asset Management LLC's holdings in Banco Santander were worth $389,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in SAN. Lockheed Martin Investment Management Co. grew its stake in Banco Santander by 197.0% in the fourth quarter. Lockheed Martin Investment Management Co. now owns 557,390 shares of the bank's stock valued at $2,542,000 after purchasing an additional 369,700 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Banco Santander by 62.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 105,415 shares of the bank's stock valued at $479,000 after acquiring an additional 40,438 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Banco Santander in the fourth quarter worth approximately $3,319,000. Barclays PLC increased its stake in shares of Banco Santander by 284.9% during the 4th quarter. Barclays PLC now owns 670,513 shares of the bank's stock worth $3,057,000 after purchasing an additional 496,309 shares during the last quarter. Finally, Summit Global Investments raised its holdings in shares of Banco Santander by 69.1% during the 4th quarter. Summit Global Investments now owns 227,478 shares of the bank's stock valued at $1,037,000 after purchasing an additional 92,987 shares in the last quarter. Institutional investors and hedge funds own 9.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. The Goldman Sachs Group downgraded shares of Banco Santander from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods upgraded Banco Santander from a "hold" rating to a "moderate buy" rating in a report on Monday, February 24th. Finally, StockNews.com upgraded Banco Santander from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy".

Banco Santander Stock Performance

SAN stock traded up $0.04 during mid-day trading on Wednesday, reaching $8.00. 1,061,027 shares of the stock traded hands, compared to its average volume of 5,431,695. The firm has a market capitalization of $121.14 billion, a PE ratio of 9.63, a P/E/G ratio of 0.77 and a beta of 0.97. The business has a 50-day moving average of $6.93 and a two-hundred day moving average of $5.78. Banco Santander, S.A. has a 52 week low of $4.27 and a 52 week high of $8.03. The company has a quick ratio of 0.23, a current ratio of 2.24 and a debt-to-equity ratio of 13.83.

Banco Santander (NYSE:SAN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The bank reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. The business had revenue of $17.69 billion during the quarter, compared to analysts' expectations of $15.94 billion. Banco Santander had a return on equity of 11.90% and a net margin of 15.88%. As a group, equities analysts predict that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Banco Santander Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 30th were given a $0.1152 dividend. This represents a dividend yield of 2.4%. This is a boost from Banco Santander's previous semi-annual dividend of $0.08. The ex-dividend date was Wednesday, April 30th. Banco Santander's dividend payout ratio is currently 20.69%.

Banco Santander Profile

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.