Wells Fargo & Company MN decreased its position in Banco Santander, S.A. (NYSE:SAN) by 11.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 497,693 shares of the bank’s stock after selling 65,107 shares during the quarter. Wells Fargo & Company MN’s holdings in Banco Santander, were worth $3,329,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Lincoln National Corp boosted its position in shares of Banco Santander, by 5.0% during the second quarter. Lincoln National Corp now owns 15,711 shares of the bank’s stock valued at $105,000 after buying an additional 755 shares during the last quarter. Rhumbline Advisers bought a new position in Banco Santander, in the second quarter valued at about $108,000. Good Life Advisors LLC bought a new position in Banco Santander, in the second quarter valued at about $119,000. Proficio Capital Partners LLC lifted its holdings in Banco Santander, by 183.5% in the first quarter. Proficio Capital Partners LLC now owns 19,732 shares of the bank’s stock valued at $130,000 after acquiring an additional 12,773 shares during the period. Finally, Capital Investment Advisory Services LLC lifted its holdings in Banco Santander, by 25.0% in the second quarter. Capital Investment Advisory Services LLC now owns 20,029 shares of the bank’s stock valued at $134,000 after acquiring an additional 4,000 shares during the period. Institutional investors and hedge funds own 1.32% of the company’s stock.
SAN has been the topic of several recent research reports. ValuEngine downgraded Banco Santander, from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research raised Banco Santander, from a “hold” rating to a “buy” rating and set a $7.50 target price on the stock in a research note on Thursday, September 14th. BidaskClub downgraded Banco Santander, from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of Banco Santander, in a report on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $16.63.
Banco Santander, S.A. (NYSE SAN) opened at 6.53 on Friday. The stock has a 50 day moving average price of $6.66 and a 200 day moving average price of $6.60. Banco Santander, S.A. has a 52-week low of $4.40 and a 52-week high of $6.99. The company has a market capitalization of $100.43 billion, a price-to-earnings ratio of 12.00 and a beta of 1.38.
Banco Santander, (NYSE:SAN) last posted its earnings results on Thursday, October 26th. The bank reported $0.14 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.14. Banco Santander, had a return on equity of 7.10% and a net margin of 14.06%. The business had revenue of $14.39 billion for the quarter. On average, equities analysts expect that Banco Santander, S.A. will post $0.49 earnings per share for the current year.
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Banco Santander, Profile
Banco Santander, SA is a retail and commercial bank. The Banks segments include Continental Europe, the United Kingdom, Latin America and the United States. The Continental Europe segment covers all businesses in the Continental Europe. The United Kingdom segment includes the businesses developed by various units and branches in the country.
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