South Texas Money Management Ltd. decreased its position in Banco Santander, S.A. (NYSE:SAN) by 99.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 10,559 shares of the bank’s stock after selling 4,242,070 shares during the period. South Texas Money Management Ltd.’s holdings in Banco Santander were worth $47,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. American Assets Investment Management LLC boosted its stake in Banco Santander by 0.8% in the 4th quarter. American Assets Investment Management LLC now owns 332,233 shares of the bank’s stock worth $1,488,000 after purchasing an additional 2,679 shares during the period. Hollencrest Capital Management boosted its stake in shares of Banco Santander by 28.8% during the 4th quarter. Hollencrest Capital Management now owns 13,032 shares of the bank’s stock valued at $58,000 after buying an additional 2,917 shares during the period. Moody National Bank Trust Division boosted its stake in shares of Banco Santander by 4.7% during the 4th quarter. Moody National Bank Trust Division now owns 64,971 shares of the bank’s stock valued at $291,000 after buying an additional 2,921 shares during the period. Intercontinental Wealth Advisors LLC boosted its stake in shares of Banco Santander by 26.8% during the 4th quarter. Intercontinental Wealth Advisors LLC now owns 15,827 shares of the bank’s stock valued at $71,000 after buying an additional 3,345 shares during the period. Finally, Lenox Wealth Management Inc. boosted its stake in shares of Banco Santander by 1,064.1% during the 4th quarter. Lenox Wealth Management Inc. now owns 5,844 shares of the bank’s stock valued at $26,000 after buying an additional 5,342 shares during the period. 1.73% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:SAN opened at $4.70 on Wednesday. The firm has a market cap of $75.55 billion, a price-to-earnings ratio of 8.54, a P/E/G ratio of 1.53 and a beta of 1.09. Banco Santander, S.A. has a 12-month low of $4.21 and a 12-month high of $7.10. The company has a debt-to-equity ratio of 4.01, a current ratio of 1.42 and a quick ratio of 1.42.
Banco Santander (NYSE:SAN) last released its quarterly earnings data on Tuesday, January 29th. The bank reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.01). Banco Santander had a net margin of 16.13% and a return on equity of 7.58%. The business had revenue of $14.31 billion during the quarter. Equities analysts forecast that Banco Santander, S.A. will post 0.54 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 8th. Investors of record on Thursday, January 31st will be paid a $0.0746 dividend. This represents a $0.30 annualized dividend and a dividend yield of 6.35%. The ex-dividend date is Wednesday, January 30th. Banco Santander’s payout ratio is presently 41.82%.
SAN has been the subject of a number of research reports. Zacks Investment Research lowered shares of Banco Santander from a “hold” rating to a “sell” rating in a research note on Tuesday, December 11th. ValuEngine raised shares of Banco Santander from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 1st.
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About Banco Santander
Banco Santander, SA, together with its subsidiaries, provides various retail and commercial banking products and services for individual and corporate clients worldwide. It offers demand and time deposits, and current and savings accounts; certificates of deposit; mortgages, auto finance, and personal loans; working capital finance; and debit and credit cards, as well as life and non-life insurance products.
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