Arrowstreet Capital Limited Partnership Sells 393,327 Shares of Banco Santander, S.A. (NYSE:SAN)

Arrowstreet Capital Limited Partnership cut its stake in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,673,652 shares of the bank's stock after selling 393,327 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.09% of Banco Santander worth $62,352,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SAN. Groupama Asset Managment acquired a new position in Banco Santander in the 3rd quarter worth about $53,000. FMR LLC increased its stake in shares of Banco Santander by 33.9% in the third quarter. FMR LLC now owns 20,893,727 shares of the bank's stock valued at $106,558,000 after buying an additional 5,290,236 shares during the period. Chevy Chase Trust Holdings LLC raised its holdings in Banco Santander by 106.3% in the 4th quarter. Chevy Chase Trust Holdings LLC now owns 9,101,145 shares of the bank's stock valued at $41,501,000 after buying an additional 4,689,461 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Banco Santander by 55.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,301,711 shares of the bank's stock worth $16,839,000 after buying an additional 1,178,449 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Banco Santander in the 4th quarter valued at approximately $3,319,000. 9.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SAN has been the topic of a number of recent research reports. Keefe, Bruyette & Woods upgraded shares of Banco Santander from a "hold" rating to a "moderate buy" rating in a report on Monday, February 24th. StockNews.com upgraded Banco Santander from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group downgraded Banco Santander from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy".

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Banco Santander Trading Down 10.6 %

NYSE SAN traded down $0.70 during mid-day trading on Friday, reaching $5.88. 12,449,399 shares of the stock were exchanged, compared to its average volume of 3,295,988. The company has a debt-to-equity ratio of 13.83, a current ratio of 2.24 and a quick ratio of 0.23. The stock has a market cap of $89.02 billion, a P/E ratio of 7.08, a P/E/G ratio of 0.77 and a beta of 0.81. The stock has a 50 day simple moving average of $6.23 and a 200-day simple moving average of $5.32. Banco Santander, S.A. has a one year low of $4.27 and a one year high of $7.16.

Banco Santander (NYSE:SAN - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The bank reported $0.21 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.21. Banco Santander had a return on equity of 11.90% and a net margin of 15.88%. On average, analysts anticipate that Banco Santander, S.A. will post 0.83 EPS for the current year.

Banco Santander Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.1152 per share. This is an increase from Banco Santander's previous semi-annual dividend of $0.08. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a dividend yield of 2.4%. Banco Santander's dividend payout ratio (DPR) is 19.28%.

Banco Santander Company 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.