Todd Asset Management LLC Reduces Stock Holdings in Banco Santander, S.A. (NYSE:SAN)

Todd Asset Management LLC lessened its holdings in Banco Santander, S.A. (NYSE:SAN) by 1.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 7,563,478 shares of the bank’s stock after selling 127,278 shares during the period. Todd Asset Management LLC’s holdings in Banco Santander were worth $31,313,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Riversedge Advisors LLC acquired a new stake in shares of Banco Santander during the fourth quarter worth about $42,000. Raymond James Trust N.A. acquired a new position in Banco Santander during the fourth quarter valued at $43,000. HB Wealth Management LLC purchased a new stake in shares of Banco Santander in the fourth quarter worth about $43,000. Allworth Financial LP lifted its holdings in Banco Santander by 46.3% in the fourth quarter. Allworth Financial LP now owns 10,795 shares of the bank’s stock valued at $45,000 after acquiring an additional 3,415 shares during the period. Finally, Boltwood Capital Management purchased a new stake in Banco Santander in the 4th quarter worth approximately $46,000. Institutional investors and hedge funds own 9.19% of the company’s stock.

Banco Santander Price Performance

SAN traded down $0.04 during midday trading on Friday, hitting $4.83. 1,502,812 shares of the company traded hands, compared to its average volume of 4,117,114. The business has a 50 day simple moving average of $4.63 and a two-hundred day simple moving average of $4.21. Banco Santander, S.A. has a 52-week low of $3.20 and a 52-week high of $5.17. The company has a market capitalization of $76.44 billion, a price-to-earnings ratio of 6.71, a PEG ratio of 0.46 and a beta of 1.19. The company has a current ratio of 2.27, a quick ratio of 0.35 and a debt-to-equity ratio of 13.96.

Banco Santander (NYSE:SAN) last announced its earnings results on Tuesday, January 30th. The bank reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. The company had revenue of $15.67 billion for the quarter. Banco Santander had a net margin of 14.98% and a return on equity of 10.95%. During the same period last year, the firm earned $0.14 EPS. On average, equities analysts forecast that Banco Santander, S.A. will post 0.8 earnings per share for the current fiscal year.

Banco Santander Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.1027 per share. This is a boost from Banco Santander’s previous semi-annual dividend of $0.09. This represents a dividend yield of 3.2%. The ex-dividend date is Monday, April 29th. Banco Santander’s payout ratio is currently 20.83%.

Analyst Ratings Changes

Separately, Barclays upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 25th.

Banco Santander Profile

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.