Banco Santander Reduces Stake in Automatic Data Processing

Banco Santander S.A. sells 4,785 shares of ADP, lowering its position by 25.8%

Published on Feb. 28, 2026

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Banco Santander S.A. has lowered its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 25.8% in the third quarter, according to the company's recent SEC filing. Banco Santander now owns 13,732 shares of the business services provider's stock, down from 18,517 shares previously.

Why it matters

This transaction reflects Banco Santander's portfolio adjustments and changes in its investment strategy for Automatic Data Processing. As a major institutional investor, Banco Santander's moves can provide insights into market sentiment and trends around ADP's stock.

The details

In the third quarter, Banco Santander sold 4,785 shares of Automatic Data Processing, reducing its total holdings to 13,732 shares. The firm's previous position was 18,517 shares, indicating a 25.8% decrease in its ADP holdings. Banco Santander cited the SEC filing as the source of this information.

  • Banco Santander made the share sale in the third quarter of the fiscal year.

The players

Banco Santander S.A.

A major Spanish banking group and one of the largest financial institutions in the world.

Automatic Data Processing, Inc.

An American provider of human capital management and payroll solutions, headquartered in Roseland, New Jersey.

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The takeaway

Banco Santander's reduction in its ADP holdings suggests the bank may be reevaluating its investment strategy or portfolio allocation related to the business services provider. This transaction provides insight into the market sentiment and trends surrounding Automatic Data Processing's stock.