Natixis Advisors LLC Cuts Position in Banco Santander, S.A. (NYSE:SAN)

Natixis Advisors LLC lessened its position in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 9.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,271,387 shares of the bank's stock after selling 127,841 shares during the quarter. Natixis Advisors LLC's holdings in Banco Santander were worth $5,798,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SAN. Atria Investments Inc boosted its stake in Banco Santander by 50.5% in the 3rd quarter. Atria Investments Inc now owns 27,073 shares of the bank's stock worth $138,000 after purchasing an additional 9,085 shares in the last quarter. Pathstone Holdings LLC raised its holdings in shares of Banco Santander by 1.7% during the third quarter. Pathstone Holdings LLC now owns 770,092 shares of the bank's stock worth $3,927,000 after purchasing an additional 12,659 shares during the last quarter. Caprock Group LLC raised its stake in shares of Banco Santander by 14.3% during the 3rd quarter. Caprock Group LLC now owns 176,023 shares of the bank's stock valued at $898,000 after buying an additional 21,997 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in Banco Santander by 13.6% in the third quarter. Advisors Asset Management Inc. now owns 97,264 shares of the bank's stock valued at $496,000 after acquiring an additional 11,608 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Banco Santander by 23.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,024,556 shares of the bank's stock worth $5,225,000 after buying an additional 193,255 shares in the last quarter. Hedge funds and other institutional investors own 9.19% of the company's stock.

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Banco Santander Trading Down 2.7 %

NYSE:SAN traded down $0.20 during trading hours on Wednesday, reaching $6.91. 3,519,933 shares of the stock were exchanged, compared to its average volume of 3,197,334. The business has a 50-day moving average of $5.96 and a two-hundred day moving average of $5.21. Banco Santander, S.A. has a twelve month low of $4.27 and a twelve month high of $7.16. The company has a quick ratio of 0.23, a current ratio of 2.24 and a debt-to-equity ratio of 13.83. The company has a market capitalization of $104.63 billion, a price-to-earnings ratio of 8.32, a PEG ratio of 0.77 and a beta of 1.09.

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

Banco Santander Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 30th will be issued a $0.1152 dividend. This is an increase from Banco Santander's previous semi-annual dividend of $0.08. This represents a dividend yield of 2.4%. The ex-dividend date is Wednesday, April 30th. Banco Santander's payout ratio is presently 19.28%.

Wall Street Analysts Forecast Growth

SAN has been the subject of a number of recent analyst reports. The Goldman Sachs Group cut Banco Santander from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Morgan Stanley upgraded Banco Santander from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, November 26th. StockNews.com upgraded Banco Santander from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods upgraded Banco Santander from a "hold" rating to a "moderate buy" rating in a report on Monday, February 24th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Banco Santander currently has a consensus rating of "Buy".

Banco Santander 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.