JPMorgan Chase & Co. Purchases 95,069 Shares of Banco Santander, S.A. $SAN

Key Points

• JPMorgan Chase & Co. increased its stake in Banco Santander by 95,069 shares (a 3.3% rise), bringing its holding to 2,954,166 shares worth about $30.96 million at the end of the quarter.
• Other large institutions also boosted positions—Capital International Investors bought an additional 5.86 million shares (+67.5) to hold ~14.53 million, Northern Trust added ~1.00 million shares, and Lazard added ~1.57 million—leaving institutional investors with roughly 9.19% of the stock.
• Banco Santander beat expectations with $0.28 EPS versus $0.24 consensus and $18.90 billion in revenue, announced a $0.1473 dividend payable May 8 (record May 4), and carries an average analyst rating of "Moderate Buy."

JPMorgan Chase & Co. lifted its position in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 3.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,954,166 shares of the bank's stock after buying an additional 95,069 shares during the period. JPMorgan Chase & Co.'s holdings in Banco Santander were worth $30,960,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SAN. Capital International Investors boosted its position in Banco Santander by 67.5% during the 3rd quarter. Capital International Investors now owns 14,529,024 shares of the bank's stock worth $149,504,000 after acquiring an additional 5,856,034 shares during the last quarter. Northern Trust Corp increased its stake in Banco Santander by 8.5% in the 3rd quarter. Northern Trust Corp now owns 12,844,029 shares of the bank's stock valued at $134,605,000 after buying an additional 1,000,811 shares during the last quarter. Lazard Asset Management LLC increased its stake in Banco Santander by 20.5% in the 3rd quarter. Lazard Asset Management LLC now owns 9,211,673 shares of the bank's stock valued at $96,538,000 after buying an additional 1,568,515 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in Banco Santander by 4.4% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 8,981,872 shares of the bank's stock worth $94,130,000 after buying an additional 376,023 shares in the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new position in shares of Banco Santander during the 3rd quarter worth about $93,811,000. Institutional investors and hedge funds own 9.19% of the company's stock.

Banco Santander Price Performance

Shares of SAN opened at $10.54 on Monday. The company's 50-day moving average is $12.06 and its 200-day moving average is $11.13. The company has a debt-to-equity ratio of 3.15, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market capitalization of $156.86 billion, a PE ratio of 10.43, a PEG ratio of 0.64 and a beta of 0.71. Banco Santander, S.A. has a fifty-two week low of $5.54 and a fifty-two week high of $13.24.

Banco Santander (NYSE:SAN - Get Free Report) last announced its earnings results on Tuesday, February 3rd. The bank reported $0.28 EPS for the quarter, topping the consensus estimate of $0.24 by $0.04. The business had revenue of $18.90 billion during the quarter, compared to the consensus estimate of $15.89 billion. Banco Santander had a net margin of 18.85% and a return on equity of 12.14%. Equities analysts forecast that Banco Santander, S.A. will post 0.83 EPS for the current year.

Banco Santander Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Barclays lowered Banco Santander from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 6th. DZ Bank lowered Banco Santander from a "strong-buy" rating to a "hold" rating in a research report on Thursday, December 18th. Wall Street Zen upgraded Banco Santander from a "hold" rating to a "buy" rating in a research note on Saturday, February 7th. Weiss Ratings raised Banco Santander from a "buy (b+)" rating to a "buy (a-)" rating in a report on Friday, February 27th. Finally, Kepler Capital Markets upgraded shares of Banco Santander from a "hold" rating to a "buy" rating in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy".

Banco Santander 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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