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

Cwm LLC cut its position in Banco Santander, S.A. (NYSE:SAN) by 6.4% in the 3rd quarter, HoldingsChannel.com reports. 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. QRG Capital Management Inc. grew its holdings in shares of Banco Santander by 18.3% during the first quarter. QRG Capital Management Inc. now owns 1,316,066 shares of the bank’s stock valued at $6,370,000 after buying an additional 203,274 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in Banco Santander by 20.9% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 4,824,760 shares of the bank’s stock worth $23,352,000 after purchasing an additional 834,200 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Banco Santander by 2.3% in the first quarter. Russell Investments Group Ltd. now owns 249,397 shares of the bank’s stock valued at $1,207,000 after purchasing an additional 5,634 shares in the last quarter. Capital Wealth Planning LLC boosted its position in shares of Banco Santander by 216.2% during the first quarter. Capital Wealth Planning LLC now owns 294,147 shares of the bank’s stock valued at $1,424,000 after buying an additional 201,134 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in Banco Santander by 10.3% in the 2nd quarter. Fifth Third Bancorp now owns 216,836 shares of the bank’s stock valued at $1,004,000 after buying an additional 20,163 shares during the last quarter. 9.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Banco Santander Stock Performance

SAN stock opened at $4.96 on Thursday. Banco Santander, S.A. has a fifty-two week low of $3.52 and a fifty-two week high of $5.27. The stock has a fifty day moving average of $4.92 and a 200-day moving average of $4.88. The company has a market capitalization of $78.42 billion, a price-to-earnings ratio of 6.88, a PEG ratio of 0.40 and a beta of 1.14.

Banco Santander (NYSE:SAN) last announced its quarterly earnings results on Wednesday, July 24th. The bank reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. The company had revenue of $16.87 billion for the quarter. Banco Santander had a net margin of 15.35% and a return on equity of 11.42%. Equities analysts predict that Banco Santander, S.A. will post 0.83 EPS for the current year.

Banco Santander Cuts Dividend

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

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.