NewSquare Capital LLC increased its stake in shares of Banco Santander SA (NYSE:SAN) by 18.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,660 shares of the company’s stock after buying an additional 26,029 shares during the period. NewSquare Capital LLC’s holdings in Banco Santander SA were worth $649,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in SAN. FFT Wealth Management LLC raised its position in shares of Banco Santander SA by 66.0% in the first quarter. FFT Wealth Management LLC now owns 25,145 shares of the company’s stock valued at $110,000 after buying an additional 10,000 shares in the last quarter. Checchi Capital Advisers LLC raised its position in shares of Banco Santander SA by 6.2% in the second quarter. Checchi Capital Advisers LLC now owns 54,095 shares of the company’s stock valued at $212,000 after buying an additional 3,176 shares in the last quarter. ING Groep NV bought a new position in shares of Banco Santander SA during the first quarter valued at $541,000. Geode Capital Management LLC raised its position in shares of Banco Santander SA by 24.4% in the first quarter. Geode Capital Management LLC now owns 164,353 shares of the company’s stock valued at $716,000 after buying an additional 32,217 shares in the last quarter. Finally, Ngam Advisors L.P. raised its position in shares of Banco Santander SA by 24.5% in the first quarter. Ngam Advisors L.P. now owns 192,115 shares of the company’s stock valued at $838,000 after buying an additional 37,761 shares in the last quarter. Hedge funds and other institutional investors own 0.63% of the company’s stock.

Shares of Banco Santander SA (NYSE:SAN) traded down 0.23% during midday trading on Tuesday, reaching $4.32. 3,222,790 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $4.33 and a 200-day moving average of $4.42. The stock has a market capitalization of $69.01 billion, a P/E ratio of 13.13 and a beta of 1.66. Banco Santander SA has a 12-month low of $3.60 and a 12-month high of $6.06.

Several equities analysts have recently weighed in on the stock. Deutsche Bank AG reiterated a “neutral” rating on shares of Banco Santander SA in a report on Wednesday, June 22nd. Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Banco Santander SA in a report on Wednesday, June 29th. Bank of America Corp. lowered shares of Banco Santander SA from a “neutral” rating to an “underperform” rating in a report on Wednesday, July 20th. Citigroup Inc. reiterated a “buy” rating on shares of Banco Santander SA in a report on Wednesday, July 20th. Finally, Barclays PLC upgraded shares of Banco Santander SA from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 6th. Six research analysts have rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $4.50.

Banco Santander SA Company Profile

Banco Santander, SA is a retail and commercial bank. The Bank’s principal business is to attract deposits and provide loans. The Bank focuses its wholesale banking offer on providing services to its main customers in local markets. The Banks segments include Continental Europe, United Kingdom, Latin America and United States.

5 Day Chart for NYSE:SAN

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