Capital Wealth Planning LLC Has $5.24 Million Stock Position in Banco Santander, S.A. $SAN

Key Points

• Capital Wealth Planning LLC raised its stake in Banco Santander by 31.7% in Q3 to 500,176 shares, valued at approximately $5.24 million.
• Banco Santander beat quarterly expectations with $0.28 EPS vs. $0.24 expected and $18.90 billion in revenue vs. $15.89 billion, and declared a $0.1473-per-share dividend payable May 8.
• Several large institutions — including Capital International, Lazard, Envestnet, Bank of America and American Century — substantially increased holdings, and analysts' consensus rating sits at "Moderate Buy".

Capital Wealth Planning LLC raised its holdings in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 31.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 500,176 shares of the bank's stock after purchasing an additional 120,290 shares during the period. Capital Wealth Planning LLC's holdings in Banco Santander were worth $5,242,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of SAN. Capital International Investors lifted its holdings in Banco Santander by 67.5% in the third quarter. Capital International Investors now owns 14,529,024 shares of the bank's stock valued at $149,504,000 after buying an additional 5,856,034 shares during the period. Lazard Asset Management LLC grew its holdings in Banco Santander by 2,038,075.5% during the 2nd quarter. Lazard Asset Management LLC now owns 7,643,158 shares of the bank's stock worth $63,438,000 after acquiring an additional 7,642,783 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Banco Santander by 85.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 5,552,931 shares of the bank's stock valued at $58,195,000 after acquiring an additional 2,551,675 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Banco Santander by 68.5% in 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 purchasing an additional 1,942,579 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Banco Santander by 19.4% during the third quarter. American Century Companies Inc. now owns 4,316,844 shares of the bank's stock worth $45,241,000 after purchasing an additional 701,932 shares during the period. Institutional investors and hedge funds own 9.19% of the company's stock.

Banco Santander Stock Performance

SAN opened at $10.76 on Friday. The business's 50-day simple moving average is $12.17 and its 200 day simple moving average is $11.06. Banco Santander, S.A. has a 52-week low of $5.54 and a 52-week high of $13.24. The company has a debt-to-equity ratio of 3.15, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market capitalization of $160.09 billion, a PE ratio of 10.65, a PEG ratio of 0.66 and a beta of 0.71.

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

Banco Santander Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, May 8th. Shareholders of record on Monday, May 4th will be given a dividend of $0.1473 per share. This represents a yield of 254.0%. The ex-dividend date of this dividend is Monday, May 4th. Banco Santander's dividend payout ratio is 18.81%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Zacks Research lowered Banco Santander from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 18th. Kepler Capital Markets raised Banco Santander from a "hold" rating to a "buy" rating in a research note on Tuesday, January 13th. Wall Street Zen upgraded shares of Banco Santander from a "hold" rating to a "buy" rating in a research report on Saturday, February 7th. UBS Group reiterated a "buy" rating on shares of Banco Santander in a report on Monday, February 16th. Finally, Barclays downgraded shares of Banco Santander from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

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.

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