Cwm LLC Has $172,000 Stock Position in Banco Santander, S.A. (NYSE:SAN)

Cwm LLC trimmed its stake in Banco Santander, S.A. (NYSE:SAN) by 6.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,735 shares of the bank’s stock after selling 2,313 shares during the quarter. Cwm LLC’s holdings in Banco Santander were worth $172,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. DGS Capital Management LLC lifted its stake in Banco Santander by 20.5% in the 1st quarter. DGS Capital Management LLC now owns 118,291 shares of the bank’s stock valued at $573,000 after purchasing an additional 20,092 shares during the last quarter. Janiczek Wealth Management LLC lifted its position in shares of Banco Santander by 24.6% in the first quarter. Janiczek Wealth Management LLC now owns 36,252 shares of the bank’s stock valued at $175,000 after buying an additional 7,167 shares during the last quarter. Financial Management Professionals Inc. boosted its stake in shares of Banco Santander by 1,853.0% during the 1st quarter. Financial Management Professionals Inc. now owns 8,359 shares of the bank’s stock worth $40,000 after acquiring an additional 7,931 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Banco Santander during the 1st quarter worth approximately $157,000. Finally, Quattro Financial Advisors LLC acquired a new stake in Banco Santander during the 1st quarter valued at $131,000. 9.19% of the stock is currently owned by institutional investors.

Banco Santander Stock Performance

Shares of NYSE SAN opened at $4.96 on Thursday. The stock has a market capitalization of $78.42 billion, a P/E ratio of 6.88, a PEG ratio of 0.40 and a beta of 1.14. The stock’s fifty day moving average is $4.92 and its 200 day moving average is $4.88. Banco Santander, S.A. has a 52 week low of $3.52 and a 52 week high of $5.27.

Banco Santander (NYSE:SAN) last issued its earnings results on Wednesday, July 24th. The bank reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. The firm had revenue of $16.87 billion during the quarter. Banco Santander had a return on equity of 11.42% and a net margin of 15.35%. Equities research analysts forecast that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Banco Santander Cuts Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.08 per share. This represents a yield of 3%. The ex-dividend date is Thursday, October 31st. Banco Santander’s payout ratio is presently 22.22%.

Analysts Set New Price Targets

Separately, UBS Group raised Banco Santander from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 4th.

About Banco Santander

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.