Dorsey & Whitney Trust CO LLC Reduces Stock Position in Banco Santander, S.A. (NYSE:SAN)

Dorsey & Whitney Trust CO LLC lowered its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 10.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 103,401 shares of the bank’s stock after selling 12,156 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Banco Santander were worth $472,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SAN. Verdence Capital Advisors LLC boosted its holdings in Banco Santander by 11.5% during the 3rd quarter. Verdence Capital Advisors LLC now owns 42,291 shares of the bank’s stock valued at $216,000 after acquiring an additional 4,373 shares during the period. Atria Investments Inc boosted its holdings in Banco Santander by 50.5% during the 3rd quarter. Atria Investments Inc now owns 27,073 shares of the bank’s stock valued at $138,000 after acquiring an additional 9,085 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in Banco Santander by 8.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 1,002,897 shares of the bank’s stock valued at $5,115,000 after acquiring an additional 77,366 shares during the period. Catalytic Wealth RIA LLC purchased a new position in Banco Santander during the 3rd quarter valued at $70,000. Finally, Apollon Wealth Management LLC boosted its holdings in Banco Santander by 3.8% during the 3rd quarter. Apollon Wealth Management LLC now owns 99,718 shares of the bank’s stock valued at $509,000 after acquiring an additional 3,663 shares during the period. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on SAN. Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, November 26th. The Goldman Sachs Group lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. StockNews.com raised Banco Santander from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods raised Banco Santander from a “hold” rating to a “moderate buy” rating in a research report on Monday, February 24th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Banco Santander has an average rating of “Buy”.

Banco Santander Trading Down 5.4 %

SAN opened at $6.40 on Tuesday. The firm has a market cap of $96.90 billion, a price-to-earnings ratio of 7.70, a PEG ratio of 0.77 and a beta of 1.09. The company has a current ratio of 2.24, a quick ratio of 0.23 and a debt-to-equity ratio of 13.83. Banco Santander, S.A. has a 12 month low of $4.27 and a 12 month high of $6.83. The stock has a fifty day moving average price of $5.47 and a 200-day moving average price of $5.06.

Banco Santander (NYSE:SAN) last released its quarterly earnings results on Wednesday, February 5th. The bank reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. Banco Santander had a return on equity of 11.90% and a net margin of 15.88%. As a group, equities research analysts anticipate that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Banco Santander Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 30th will be given a $0.1152 dividend. This represents a dividend yield of 2.4%. This is a positive change from Banco Santander’s previous semi-annual dividend of $0.08. The ex-dividend date is Wednesday, April 30th. Banco Santander’s payout ratio is presently 18.07%.

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.