49,536 Shares of Banco Santander, S.A. $SAN Acquired by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC acquired a new stake in Banco Santander, S.A. (NYSE:SAN) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 49,536 shares of the bank’s stock, valued at approximately $668,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Acumen Wealth Advisors LLC raised its position in Banco Santander by 117.9% during the first quarter. Acumen Wealth Advisors LLC now owns 2,308 shares of the bank’s stock worth $26,000 after acquiring an additional 1,249 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of Banco Santander in the first quarter valued at approximately $28,000. Financial Management Professionals Inc. increased its stake in shares of Banco Santander by 151.1% during the 2nd quarter. Financial Management Professionals Inc. now owns 2,471 shares of the bank’s stock worth $34,000 after purchasing an additional 1,487 shares in the last quarter. Compass Financial Management LLC purchased a new position in shares of Banco Santander during the 2nd quarter worth approximately $34,000. Finally, Robinswood Financial LLC acquired a new position in shares of Banco Santander during the 1st quarter worth approximately $38,000. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

Banco Santander Price Performance

SAN stock traded down $0.15 during midday trading on Friday, hitting $13.30. The stock had a trading volume of 5,324,141 shares, compared to its average volume of 8,662,060. The company’s 50-day moving average price is $14.32 and its 200 day moving average price is $13.36. The firm has a market cap of $195.44 billion, a PE ratio of 10.82, a price-to-earnings-growth ratio of 0.69 and a beta of 0.74. Banco Santander, S.A. has a 12-month low of $9.62 and a 12-month high of $15.05.

Banco Santander (NYSE:SAN) last issued its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The business had revenue of $17.93 billion for the quarter, compared to analysts’ expectations of $17.90 billion. Banco Santander had a return on equity of 12.43% and a net margin of 26.94%. As a group, sell-side analysts anticipate that Banco Santander, S.A. will post 1.21 EPS for the current year.

Banco Santander Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, November 5th. Investors of record on Friday, October 30th will be paid a $0.1439 dividend. This represents a yield of 217.0%. The ex-dividend date is Friday, October 30th. Banco Santander’s dividend payout ratio is presently 17.07%.

Analyst Ratings Changes

A number of brokerages have commented on SAN. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Banco Santander in a report on Monday, July 27th. Mediobanca restated an “outperform” rating on shares of Banco Santander in a research report on Tuesday, September 15th. Wall Street Zen lowered Banco Santander from a “buy” rating to a “hold” rating in a research note on Saturday, October 3rd. Barclays reiterated a “buy” rating on shares of Banco Santander in a research report on Tuesday, July 14th. Finally, UBS Group reissued a “buy” rating on shares of Banco Santander in a research note on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Banco Santander currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.10.

Banco Santander Profile

Banco Santander, SA is a global banking group headquartered in Santander, Spain. Founded in 1857, the company provides financial services to individuals, businesses and institutions through subsidiaries and branches across Europe, North America and South America.

Its principal activities include retail and commercial banking, consumer finance, corporate and investment banking, wealth management, insurance and payment services. Santander offers products such as checking and savings accounts, mortgages, personal loans, credit cards, business financing, investment products and digital banking solutions.

The group serves customers in markets including Spain, the United Kingdom, Portugal, Poland, Brazil, Mexico, Chile, Argentina and the United States.