Todd Asset Management LLC Has $40.57 Million Stock Holdings in Banco Santander, S.A. (NYSE:SAN)

Todd Asset Management LLC lifted its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 0.5% during the fourth quarter, Holdings Channel reports. The firm owned 8,896,192 shares of the bank’s stock after purchasing an additional 45,326 shares during the quarter. Todd Asset Management LLC’s holdings in Banco Santander were worth $40,567,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Principal Securities Inc. raised its position in shares of Banco Santander by 13.4% during the fourth quarter. Principal Securities Inc. now owns 17,230 shares of the bank’s stock worth $79,000 after purchasing an additional 2,032 shares during the period. Riversedge Advisors LLC grew its holdings in shares of Banco Santander by 14.3% during the fourth 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 in the last quarter. Kathmere Capital Management LLC grew its holdings in shares of Banco Santander by 4.9% during the fourth quarter. Kathmere Capital Management LLC now owns 50,013 shares of the bank’s stock valued at $228,000 after buying an additional 2,320 shares in the last quarter. OLD National Bancorp IN grew its holdings in shares of Banco Santander by 7.6% during the fourth quarter. OLD National Bancorp IN now owns 33,952 shares of the bank’s stock valued at $155,000 after buying an additional 2,392 shares in the last quarter. Finally, Simon Quick Advisors LLC grew its holdings in shares of Banco Santander by 23.3% during the fourth quarter. Simon Quick Advisors LLC now owns 12,665 shares of the bank’s stock valued at $58,000 after buying an additional 2,393 shares in the last quarter. 9.19% of the stock is owned by institutional investors and hedge funds.

Banco Santander Stock Performance

Shares of NYSE SAN opened at $6.16 on Tuesday. The business’s 50-day moving average price is $5.08 and its two-hundred day moving average price is $4.93. The company has a debt-to-equity ratio of 13.83, a current ratio of 2.24 and a quick ratio of 0.23. Banco Santander, S.A. has a one year low of $4.07 and a one year high of $6.22. The company has a market capitalization of $93.26 billion, a P/E ratio of 7.42, a price-to-earnings-growth ratio of 0.77 and a beta of 1.12.

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

Wall Street Analyst Weigh In

SAN has been the topic of a number of research analyst reports. The Goldman Sachs Group downgraded Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Morgan Stanley upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a 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 given a strong buy rating to the company. According to MarketBeat, Banco Santander presently has a consensus rating of “Buy”.

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.