Keybank National Association OH Sells 7,420 Shares of Banco Santander, S.A. (NYSE:SAN)

Keybank National Association OH lessened its position in shares of Banco Santander, S.A. (NYSE:SAN) by 20.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,406 shares of the bank’s stock after selling 7,420 shares during the period. Keybank National Association OH’s holdings in Banco Santander were worth $130,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Lockheed Martin Investment Management Co. increased its holdings in Banco Santander by 197.0% during the 4th quarter. Lockheed Martin Investment Management Co. now owns 557,390 shares of the bank’s stock worth $2,542,000 after purchasing an additional 369,700 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Banco Santander by 111.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 706,184 shares of the bank’s stock worth $3,602,000 after buying an additional 372,690 shares during the last quarter. FMR LLC boosted its stake in shares of Banco Santander by 33.9% during 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 last quarter. HighTower Advisors LLC boosted its stake in shares of Banco Santander by 143.0% during the 3rd quarter. HighTower Advisors LLC now owns 345,524 shares of the bank’s stock worth $1,757,000 after buying an additional 203,322 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Banco Santander by 62.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 105,415 shares of the bank’s stock worth $479,000 after buying an additional 40,438 shares during the last quarter. Institutional investors own 9.19% of the company’s stock.

Analyst Upgrades and Downgrades

SAN has been the subject of a number of recent research reports. The Goldman Sachs Group downgraded shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. StockNews.com upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods upgraded shares of Banco Santander from a “hold” rating to a “moderate buy” rating in a research note on Monday, February 24th. Finally, Morgan Stanley upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 26th. One equities 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. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Banco Santander Trading Down 0.1 %

Shares of NYSE:SAN opened at $6.39 on Wednesday. Banco Santander, S.A. has a 52-week low of $4.27 and a 52-week high of $6.83. The company has a market capitalization of $96.75 billion, a P/E ratio of 7.69, a price-to-earnings-growth ratio of 0.77 and a beta of 1.09. The company has a 50-day simple moving average of $5.51 and a 200 day simple moving average of $5.07. The company has a debt-to-equity ratio of 13.83, a quick ratio of 0.23 and a current ratio of 2.24.

Banco Santander (NYSE:SAN) last released its quarterly earnings results on Wednesday, February 5th. The bank reported $0.21 earnings per share 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%. Sell-side analysts forecast that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Banco Santander Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 30th will be issued a $0.1152 dividend. This is a boost from Banco Santander’s previous semi-annual dividend of $0.08. This represents a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, April 30th. Banco Santander’s dividend payout ratio is currently 18.07%.

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.