CIBC Private Wealth Group LLC Sells 136,984 Shares of Banco Santander, S.A. (NYSE:SAN)

CIBC Private Wealth Group LLC reduced its stake in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,557,999 shares of the bank's stock after selling 136,984 shares during the period. CIBC Private Wealth Group LLC owned 0.07% of Banco Santander worth $49,200,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Atria Investments Inc boosted its holdings in Banco Santander by 7.1% during the fourth quarter. Atria Investments Inc now owns 28,990 shares of the bank's stock valued at $132,000 after acquiring an additional 1,917 shares during the period. Principal Securities Inc. boosted its stake in Banco Santander by 13.4% during the 4th quarter. Principal Securities Inc. now owns 17,230 shares of the bank's stock valued at $79,000 after purchasing an additional 2,032 shares during the period. Riversedge Advisors LLC grew its holdings in Banco Santander by 14.3% in the 4th quarter. Riversedge Advisors LLC now owns 17,220 shares of the bank's stock valued at $79,000 after buying an additional 2,148 shares during the last quarter. Kathmere Capital Management LLC increased its position in Banco Santander by 4.9% in the 4th quarter. Kathmere Capital Management LLC now owns 50,013 shares of the bank's stock worth $228,000 after buying an additional 2,320 shares during the period. Finally, OLD National Bancorp IN boosted its position in shares of Banco Santander by 7.6% in the fourth quarter. OLD National Bancorp IN now owns 33,952 shares of the bank's stock valued at $155,000 after acquiring an additional 2,392 shares during the period. Institutional investors and hedge funds own 9.19% of the company's stock.

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Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Banco Santander from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. The Goldman Sachs Group downgraded Banco Santander from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods upgraded Banco Santander from a "hold" rating to a "moderate buy" rating in a research note on Monday, February 24th. One analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy".

Banco Santander Price Performance

NYSE:SAN traded down $0.70 during mid-day trading on Friday, hitting $5.88. The company's stock had a trading volume of 12,449,399 shares, compared to its average volume of 3,290,987. The company has a current ratio of 2.24, a quick ratio of 0.23 and a debt-to-equity ratio of 13.83. The stock has a fifty day moving average of $6.23 and a 200-day moving average of $5.31. The company has a market capitalization of $89.02 billion, a price-to-earnings ratio of 7.08, a P/E/G ratio of 0.77 and a beta of 0.81. Banco Santander, S.A. has a fifty-two week low of $4.27 and a fifty-two week high of $7.16.

Banco Santander (NYSE:SAN - Get Free Report) last posted its 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 analysts forecast that Banco Santander, S.A. will post 0.83 EPS for the current fiscal 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 a positive change from Banco Santander's previous semi-annual dividend of $0.08. The ex-dividend date is Wednesday, April 30th. This represents a dividend yield of 2.4%. Banco Santander's dividend payout ratio is presently 19.28%.

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.