Todd Asset Management LLC Cuts Position in Banco Santander, S.A. (NYSE:SAN)

Key Points

• Todd Asset Management LLC reduced its stake in Banco Santander by 1.0% during the first quarter, now holding 8,803,879 shares worth approximately $58.99 million.
• Banco Santander's quarterly earnings report revealed an EPS of $0.22, missing analyst expectations of $0.26, while its revenue was reported at $17.83 billion.
• Recent analyst ratings reflect mixed opinions on Banco Santander, with several analysts rating the stock as a moderate buy while one upgraded it from "hold" to "buy."

Todd Asset Management LLC lessened its holdings in Banco Santander, S.A. (NYSE:SAN - Free Report) by 1.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,803,879 shares of the bank's stock after selling 92,313 shares during the period. Banco Santander comprises about 1.4% of Todd Asset Management LLC's portfolio, making the stock its 12th largest holding. Todd Asset Management LLC owned 0.06% of Banco Santander worth $58,986,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LPL Financial LLC boosted its holdings in Banco Santander by 5.8% in the 4th quarter. LPL Financial LLC now owns 563,545 shares of the bank's stock worth $2,570,000 after buying an additional 30,906 shares during the last quarter. Alliancebernstein L.P. acquired a new stake in Banco Santander in the 4th quarter worth about $63,000. Franklin Resources Inc. boosted its holdings in Banco Santander by 21.3% in the 4th quarter. Franklin Resources Inc. now owns 55,005 shares of the bank's stock worth $251,000 after buying an additional 9,649 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Banco Santander by 3.3% in the 4th quarter. Russell Investments Group Ltd. now owns 307,416 shares of the bank's stock worth $1,402,000 after buying an additional 9,724 shares during the last quarter. Finally, FMR LLC boosted its holdings in Banco Santander by 5.1% in the 4th quarter. FMR LLC now owns 21,953,176 shares of the bank's stock worth $100,106,000 after buying an additional 1,059,449 shares during the last quarter. Hedge funds and other institutional investors own 9.19% of the company's stock.

Banco Santander Price Performance

Shares of Banco Santander stock opened at $9.31 on Monday. The stock has a market cap of $138.58 billion, a P/E ratio of 10.34, a P/E/G ratio of 1.04 and a beta of 1.06. The stock's 50 day simple moving average is $8.40 and its 200-day simple moving average is $7.26. Banco Santander, S.A. has a 1-year low of $4.43 and a 1-year high of $9.32.

Banco Santander (NYSE:SAN - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The bank reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.04). Banco Santander had a net margin of 17.30% and a return on equity of 11.98%. The business had revenue of $17.83 billion during the quarter, compared to analyst estimates of $17.69 billion. As a group, research analysts expect that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Analysts Set New Price Targets

SAN has been the topic of several research analyst reports. Kepler Capital Markets cut Banco Santander from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Citigroup initiated coverage on Banco Santander in a report on Wednesday, June 4th. They set a "buy" rating on the stock. Finally, Wall Street Zen upgraded Banco Santander from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy".

About Banco Santander

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.