Clifford Capital Partners LLC Sells 12,553 Shares of Banco Santander, S.A. (NYSE:SAN)

Clifford Capital Partners LLC trimmed its stake in Banco Santander, S.A. (NYSE:SAN) by 20.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,128 shares of the bank’s stock after selling 12,553 shares during the period. Clifford Capital Partners LLC’s holdings in Banco Santander were worth $251,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Fisher Asset Management LLC lifted its stake in shares of Banco Santander by 1.4% in the 3rd quarter. Fisher Asset Management LLC now owns 143,585,152 shares of the bank’s stock valued at $732,284,000 after purchasing an additional 2,011,150 shares during the last quarter. FMR LLC lifted 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 acquiring an additional 5,290,236 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Banco Santander by 5.0% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 5,066,760 shares of the bank’s stock worth $23,459,000 after acquiring an additional 242,000 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Banco Santander by 6.2% during the 2nd quarter. American Century Companies Inc. now owns 3,091,293 shares of the bank’s stock worth $14,313,000 after acquiring an additional 181,558 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its stake in shares of Banco Santander by 3.2% during the 3rd quarter. QRG Capital Management Inc. now owns 1,690,877 shares of the bank’s stock worth $8,623,000 after acquiring an additional 53,039 shares during the last quarter. 9.19% of the stock is owned by institutional investors.

Banco Santander Stock Down 0.6 %

Shares of SAN stock opened at $4.61 on Wednesday. Banco Santander, S.A. has a 1-year low of $3.83 and a 1-year high of $5.27. The stock’s fifty day moving average price is $4.92 and its 200 day moving average price is $4.87. The company has a debt-to-equity ratio of 3.08, a current ratio of 0.33 and a quick ratio of 0.23. The company has a market cap of $72.96 billion, a price-to-earnings ratio of 5.76, a price-to-earnings-growth ratio of 0.44 and a beta of 1.14.

Banco Santander Cuts Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 6th. Shareholders of record on Thursday, October 31st were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a yield of 3%. Banco Santander’s dividend payout ratio is currently 20.00%.

Wall Street Analysts Forecast Growth

SAN has been the subject of a number of research analyst reports. UBS Group raised Banco Santander from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 4th. StockNews.com lowered Banco Santander from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Tuesday.

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.