The six listed banks accumulate a loss of at least 320,000 shareholders in the last yearin which the prices of all of them have experienced strong increases and their results show unquestionable solidity. In this context, small investors have taken the opportunity to collect profits, although the trend has moderated significantly in the last quarter. banking thus abounds in the concentration of capital (fewer shareholders, but with more weight) that it has been experiencing for years.
Santander, BBVA, CaixaBank, Sabadell, Bankinter and Unicaja In September 2023, there were a total of 5.17 million shareholders. At the end of the first nine months of 2024, the figure would amount to around 5.07 million, which implies a decrease of 5.9%. Now, Sabadell has decided not to disclose the number of shareholders this quarter.
A decision that comes when the public acquisition offer (takeover bid) launched by BBVA on the entity of Catalan origin faces crucial milestones. This is relevant information in the process, since in the capital of the bank chaired by Josep Oliu there are many individual investors, closely linked and, a priori, reluctant to sell to the Basque entity, and also institutional investors whose orders in the markets respond to technical questions.
The 5.9% drop referred to (320,590 investors) includes Sabadell, and considering the same number of shareholders it had in June — the evolution of the entity’s recent quarters has been downward and between September 2023 and June 2024 saw 9.9% of its shareholders disappear, the equivalent of 21,536. Excluding Sabadell, the joint loss of shareholders in the other five entities reaches 299,054 in the last moving year, which is equivalent to 5.8% less.
All banks transfer investors, except Unicajawhich offers a constant rounded figure of 40,000 shareholders from 2022 – then it reported 35,000 -. Bankinter has the highest shareholder flight in relative terms, 10.4%, although its base is much smaller (55,892 at the end of September). The firm chaired by María Dolores Dancausa registered a 31.3% rise in the stock market between September 2023 and September 2024.
After Bankinter stands CaixaBank, which loses 7.3% of its shareholders. Thus, in the last year it went from 602,004 to 558,093. This reduction occurred after its shares rose 41.4%. BBVA, for its part, reduced its number of investors by 6.1% in the last rolling year, to 717,667.
The entity chaired by Carlos Torres registers this exit in the midst of a takeover bid for Sabadell and, also, with its price flirting during this year at its highest levels since 2010. Its revaluation in the last 12 months reaches 25.94%. While, Santander remains the bank with the largest number of shareholders3.5 million worldwide. A figure that has decreased by 201,780 since the last quarter of 2023, which implies a cut of 5.4%.
The banks, in any case, have managed slow down the rate of loss of shareholders during the summer. Thus, between June and September the figure (without Sabadell) decreased by 38,352 investors, compared to the 103,034 that gave up between April and June and the 75,035 from January to March.
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