World Asset Management Inc trimmed its position in Banco Santander, S.A. (NYSE:SAN) by 15.1% during the third quarter, HoldingsChannel reports. The firm owned 410,585 shares of the bank’s stock after selling 73,172 shares during the period. World Asset Management Inc’s holdings in Banco Santander were worth $2,053,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in SAN. Fisher Asset Management LLC raised its holdings in shares of Banco Santander by 4.4% in the 2nd quarter. Fisher Asset Management LLC now owns 93,106,288 shares of the bank’s stock valued at $497,188,000 after purchasing an additional 3,915,110 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Banco Santander by 928.7% in the 1st quarter. JPMorgan Chase & Co. now owns 1,515,777 shares of the bank’s stock valued at $9,927,000 after buying an additional 1,368,430 shares during the last quarter. Bank of America Corp DE grew its position in shares of Banco Santander by 10.1% in the 2nd quarter. Bank of America Corp DE now owns 10,944,035 shares of the bank’s stock valued at $58,441,000 after buying an additional 999,509 shares during the last quarter. Jane Street Group LLC grew its position in shares of Banco Santander by 2,494.0% in the 2nd quarter. Jane Street Group LLC now owns 1,019,956 shares of the bank’s stock valued at $5,472,000 after buying an additional 980,636 shares during the last quarter. Finally, Royal Bank of Canada grew its position in shares of Banco Santander by 78.1% in the 1st quarter. Royal Bank of Canada now owns 1,812,834 shares of the bank’s stock valued at $11,874,000 after buying an additional 794,872 shares during the last quarter. Institutional investors and hedge funds own 1.57% of the company’s stock.
NYSE SAN opened at $4.89 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 4.25. The firm has a market capitalization of $80.20 billion, a P/E ratio of 9.54, a P/E/G ratio of 1.23 and a beta of 1.33. Banco Santander, S.A. has a 12 month low of $4.82 and a 12 month high of $7.57.
Banco Santander (NYSE:SAN) last posted its earnings results on Wednesday, July 25th. The bank reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.01. The firm had revenue of $14.33 billion for the quarter. Banco Santander had a net margin of 13.97% and a return on equity of 7.55%. On average, research analysts forecast that Banco Santander, S.A. will post 0.55 EPS for the current fiscal year.
SAN has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Banco Santander from a “sell” rating to a “hold” rating in a research report on Friday, August 17th. Keefe, Bruyette & Woods downgraded shares of Banco Santander from an “outperform” rating to a “hold” rating in a research report on Tuesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. Banco Santander presently has a consensus rating of “Hold” and an average price target of $6.85.
Banco Santander Company Profile
Banco Santander, SA, together with its subsidiaries, provides various retail and commercial banking products and services for individual and corporate clients worldwide. It offers demand and time deposits, and current and savings accounts; certificates of deposit; mortgages, auto finance, and personal loans; working capital finance; and debit and credit cards, as well as life and non-life insurance products.
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