Bleakley Financial Group LLC Has $2.15 Million Stock Position in Banco Santander, S.A. $SAN

Bleakley Financial Group LLC lifted its position in shares of Banco Santander, S.A. (NYSE:SAN) by 161.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 183,524 shares of the bank’s stock after purchasing an additional 113,361 shares during the quarter. Bleakley Financial Group LLC’s holdings in Banco Santander were worth $2,153,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of Banco Santander by 3.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,954,166 shares of the bank’s stock worth $30,960,000 after buying an additional 95,069 shares in the last quarter. TD Waterhouse Canada Inc. raised its holdings in shares of Banco Santander by 52.4% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 500,590 shares of the bank’s stock worth $5,211,000 after buying an additional 172,042 shares in the last quarter. Capital International Investors raised its holdings in shares of Banco Santander by 67.5% in the 3rd quarter. Capital International Investors now owns 14,529,024 shares of the bank’s stock worth $149,504,000 after buying an additional 5,856,034 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of Banco Santander by 17.5% during the third quarter. Natixis Advisors LLC now owns 3,286,999 shares of the bank’s stock valued at $34,448,000 after acquiring an additional 489,022 shares during the period. Finally, Clark Capital Management Group Inc. lifted its holdings in shares of Banco Santander by 26.2% during the third quarter. Clark Capital Management Group Inc. now owns 7,156,053 shares of the bank’s stock valued at $74,995,000 after acquiring an additional 1,485,006 shares during the period. Institutional investors and hedge funds own 9.19% of the company’s stock.

Banco Santander Stock Performance

NYSE:SAN opened at $12.61 on Thursday. The stock’s fifty day moving average price is $11.84 and its two-hundred day moving average price is $11.74. Banco Santander, S.A. has a 52-week low of $7.82 and a 52-week high of $13.24. The company has a market cap of $185.23 billion, a price-to-earnings ratio of 10.42, a P/E/G ratio of 0.71 and a beta of 0.73.

Banco Santander (NYSE:SAN) last posted its quarterly earnings data on Wednesday, April 29th. The bank reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.02). Banco Santander had a return on equity of 12.23% and a net margin of 26.92%.The firm had revenue of $17.53 billion for the quarter, compared to analyst estimates of $17.66 billion. On average, equities analysts predict that Banco Santander, S.A. will post 1.11 EPS for the current fiscal year.

Banco Santander Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, May 8th. Shareholders of record on Monday, May 4th were issued a dividend of $0.1473 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a yield of 255.0%. Banco Santander’s dividend payout ratio is currently 17.36%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SAN shares. Wall Street Zen raised Banco Santander from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. UBS Group reissued a “buy” rating on shares of Banco Santander in a report on Monday, February 16th. Santander reissued an “outperform” rating on shares of Banco Santander in a report on Tuesday, May 12th. Weiss Ratings cut Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 8th. Finally, Royal Bank Of Canada upgraded Banco Santander from a “sector perform” rating to an “outperform” rating in a research report on Monday, February 23rd. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company 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.