Banco Santander, S.A. $SAN Stock: Crossmark Global Holdings Inc. Reduces Stake

Key Points

• Crossmark Global Holdings reduced its Banco Santander stake by 9.4% in the third quarter, selling 98,198 shares and retaining 943,447 shares valued at approximately $13.05 million.
• Banco Santander shares opened at $12.90, below the $15.10 analyst consensus target. The stock has a 52-week range of $9.66 to $15.05, while analysts maintain a “Moderate Buy” consensus rating.
• The bank reported quarterly EPS of $0.27, below the $0.29 estimate, but revenue of $17.93 billion slightly exceeded forecasts. It also declared a $0.1439-per-share dividend, with a stated 17.07% payout ratio.

Crossmark Global Holdings Inc. cut its holdings in Banco Santander, S.A. (NYSE:SAN - Free Report) by 9.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 943,447 shares of the bank's stock after selling 98,198 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Banco Santander were worth $13,048,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. QP Wealth Management LLC acquired a new position in Banco Santander during the third quarter worth about $377,000. Quadrant Capital Group LLC lifted its holdings in shares of Banco Santander by 2.2% in the third quarter. Quadrant Capital Group LLC now owns 554,342 shares of the bank's stock worth $7,511,000 after acquiring an additional 12,181 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Banco Santander by 2,177.4% in the third quarter. Nisa Investment Advisors LLC now owns 17,240 shares of the bank's stock worth $238,000 after acquiring an additional 16,483 shares during the last quarter. Diversify Advisory Services LLC boosted its stake in shares of Banco Santander by 13.8% in the 3rd quarter. Diversify Advisory Services LLC now owns 44,403 shares of the bank's stock valued at $598,000 after purchasing an additional 5,376 shares in the last quarter. Finally, 55 North Private Wealth LLC boosted its stake in shares of Banco Santander by 4.3% in the 3rd quarter. 55 North Private Wealth LLC now owns 45,499 shares of the bank's stock valued at $629,000 after purchasing an additional 1,864 shares in the last quarter. Institutional investors own 9.19% of the company's stock.

Banco Santander Stock Performance

SAN stock opened at $12.90 on Friday. The company has a fifty day moving average price of $14.19 and a 200-day moving average price of $13.42. The company has a market capitalization of $189.57 billion, a P/E ratio of 12.66, a PEG ratio of 0.68 and a beta of 0.74. Banco Santander, S.A. has a 52-week low of $9.66 and a 52-week high of $15.05.

Banco Santander (NYSE:SAN - Get Free Report) last issued its quarterly 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 business had revenue of $17.93 billion for the quarter, compared to analyst estimates of $17.90 billion. Banco Santander had a return on equity of 12.43% and a net margin of 26.94%. As a group, sell-side analysts forecast that Banco Santander, S.A. will post 1.20 earnings per share for the current fiscal year.

Banco Santander Dividend Announcement

The business also recently announced a dividend, which will be paid on Thursday, November 5th. Investors of record on Friday, October 30th will be given a dividend of $0.1439 per share. This represents a yield of 217.0%. The ex-dividend date of this dividend is Friday, October 30th. Banco Santander's dividend payout ratio (DPR) is currently 17.07%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SAN shares. Royal Bank Of Canada reaffirmed a "buy" rating on shares of Banco Santander in a report on Tuesday, July 28th. Weiss Ratings raised shares of Banco Santander from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Thursday, October 8th. UBS Group reissued a "buy" rating on shares of Banco Santander in a research note on Monday, September 21st. Mediobanca restated an "outperform" rating on shares of Banco Santander in a research report on Tuesday, September 15th. Finally, Barclays reaffirmed a "buy" rating on shares of Banco Santander in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $15.10.

Banco Santander Company Profile

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.

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