CIBC Private Wealth Group LLC Purchases 376,023 Shares of Banco Santander, S.A. $SAN

Key Points

• CIBC Private Wealth Group LLC increased its stake in Banco Santander by 4.4%, buying 376,023 shares to hold 8,981,872 shares valued at about $94.13 million.
• Analyst sentiment is a “Moderate Buy” consensus (1 Strong Buy, 4 Buy, 3 Hold, 1 Sell), with recent notable moves including Barclays cutting to Hold and RBC upgrading to Outperform.
• Banco Santander announced a dividend of $0.1473 per share payable May 8 (record May 4); the report lists a dividend yield of 254.0% and a payout ratio of 18.81%.

CIBC Private Wealth Group LLC boosted its position in Banco Santander, S.A. (NYSE:SAN - Free Report) by 4.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,981,872 shares of the bank's stock after purchasing an additional 376,023 shares during the quarter. CIBC Private Wealth Group LLC owned about 0.06% of Banco Santander worth $94,130,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SAN. Root Financial Partners LLC acquired a new stake in shares of Banco Santander during the third quarter worth $25,000. True Wealth Design LLC bought a new position in Banco Santander during the third quarter worth about $27,000. Princeton Global Asset Management LLC bought a new position in Banco Santander during the third quarter worth about $31,000. Binnacle Investments Inc raised its stake in Banco Santander by 96.2% in the 3rd quarter. Binnacle Investments Inc now owns 3,227 shares of the bank's stock worth $34,000 after purchasing an additional 1,582 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. boosted its holdings in Banco Santander by 75.0% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 3,500 shares of the bank's stock valued at $37,000 after purchasing an additional 1,500 shares during the period. Institutional investors own 9.19% of the company's stock.

Analysts Set New Price Targets

SAN has been the topic of several recent research reports. Barclays cut shares of Banco Santander from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 6th. Royal Bank Of Canada upgraded Banco Santander from a "sector perform" rating to an "outperform" rating in a research note on Monday, February 23rd. Weiss Ratings raised Banco Santander from a "buy (b+)" rating to a "buy (a-)" rating in a report on Friday, February 27th. UBS Group reissued a "buy" rating on shares of Banco Santander in a report on Monday, February 16th. Finally, DZ Bank cut Banco Santander from a "strong-buy" rating to a "hold" rating in a research report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Banco Santander currently has a consensus rating of "Moderate Buy".

Banco Santander Stock Performance

NYSE SAN opened at $11.05 on Thursday. The firm's 50 day simple moving average is $12.11 and its 200 day simple moving average is $11.10. The firm has a market capitalization of $164.41 billion, a price-to-earnings ratio of 10.94, a P/E/G ratio of 0.67 and a beta of 0.71. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 3.15. Banco Santander, S.A. has a 1 year low of $5.54 and a 1 year high of $13.24.

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

Banco Santander Dividend Announcement

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

About Banco Santander

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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