Oppenheimer & Co. Inc. Sells 105,986 Shares of Banco Santander, S.A. (NYSE:SAN)

Oppenheimer & Co. Inc. reduced its stake in Banco Santander, S.A. (NYSE:SAN - Free Report) by 63.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 61,798 shares of the bank's stock after selling 105,986 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Banco Santander were worth $282,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Fisher Asset Management LLC increased its stake in shares of Banco Santander by 1.4% in the third quarter. Fisher Asset Management LLC now owns 143,585,152 shares of the bank's stock worth $732,284,000 after purchasing an additional 2,011,150 shares during the period. FMR LLC increased its position in Banco Santander by 33.9% in the 3rd quarter. FMR LLC now owns 20,893,727 shares of the bank's stock worth $106,558,000 after buying an additional 5,290,236 shares during the period. Groupama Asset Managment acquired a new position in shares of Banco Santander during the third quarter worth approximately $53,000. Chevy Chase Trust Holdings LLC boosted its position in shares of Banco Santander by 106.3% in the fourth quarter. Chevy Chase Trust Holdings LLC now owns 9,101,145 shares of the bank's stock valued at $41,501,000 after acquiring an additional 4,689,461 shares during the period. Finally, Todd Asset Management LLC increased its position in Banco Santander by 0.5% during the fourth quarter. Todd Asset Management LLC now owns 8,896,192 shares of the bank's stock worth $40,567,000 after acquiring an additional 45,326 shares during the period. Institutional investors own 9.19% of the company's stock.

Banco Santander Price Performance

NYSE SAN traded up $0.11 during trading on Wednesday, reaching $6.50. 6,403,533 shares of the company traded hands, compared to its average volume of 3,112,106. Banco Santander, S.A. has a 1-year low of $4.27 and a 1-year high of $6.83. The company has a debt-to-equity ratio of 13.83, a quick ratio of 0.23 and a current ratio of 2.24. The stock's 50 day moving average price is $5.51 and its two-hundred day moving average price is $5.07. The company has a market cap of $98.42 billion, a price-to-earnings ratio of 7.83, a P/E/G ratio of 0.77 and a beta of 1.09.

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Banco Santander (NYSE:SAN - Get Free Report) last issued its earnings results on Wednesday, February 5th. The bank reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. Banco Santander had a net margin of 15.88% and a return on equity of 11.90%. As a group, 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. Investors of record on Wednesday, April 30th will be paid a dividend of $0.1152 per share. The ex-dividend date is Wednesday, April 30th. This is a boost from Banco Santander's previous semi-annual dividend of $0.08. This represents a dividend yield of 2.4%. Banco Santander's payout ratio is 18.07%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. The Goldman Sachs Group lowered shares of Banco Santander from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods raised Banco Santander from a "hold" rating to a "moderate buy" rating in a research report on Monday, February 24th. Morgan Stanley upgraded Banco Santander from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, November 26th. Finally, StockNews.com upgraded Banco Santander from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy".

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.