Banco Santander, S.A. (SAN) Position Trimmed by First Trust Advisors LP
First Trust Advisors LP decreased its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 11.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 141,917 shares of the bank’s stock after selling 17,460 shares during the quarter. First Trust Advisors LP’s holdings in Banco Santander, were worth $949,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Wellington Management Group LLP bought a new stake in Banco Santander, during the 1st quarter valued at approximately $6,464,000. Stifel Financial Corp lifted its position in shares of Banco Santander, by 12.3% in the 1st quarter. Stifel Financial Corp now owns 557,347 shares of the bank’s stock worth $3,378,000 after acquiring an additional 61,077 shares during the period. Fifth Third Bancorp lifted its position in shares of Banco Santander, by 41.0% in the 1st quarter. Fifth Third Bancorp now owns 65,046 shares of the bank’s stock worth $395,000 after acquiring an additional 18,930 shares during the period. Jarislowsky Fraser Ltd lifted its position in shares of Banco Santander, by 38.1% in the 2nd quarter. Jarislowsky Fraser Ltd now owns 626,978 shares of the bank’s stock worth $4,194,000 after acquiring an additional 172,816 shares during the period. Finally, OLD National Bancorp IN lifted its position in shares of Banco Santander, by 22.2% in the 2nd quarter. OLD National Bancorp IN now owns 47,824 shares of the bank’s stock worth $320,000 after acquiring an additional 8,688 shares during the period. Hedge funds and other institutional investors own 1.30% of the company’s stock.
Banco Santander, S.A. (NYSE:SAN) opened at 6.79 on Friday. The company’s 50 day moving average price is $6.59 and its 200 day moving average price is $6.46. Banco Santander, S.A. has a 52-week low of $4.19 and a 52-week high of $6.99. The company has a market cap of $104.43 billion, a P/E ratio of 12.55 and a beta of 1.38.
Banco Santander, (NYSE:SAN) last released its earnings results on Friday, July 28th. The bank reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.02). Banco Santander, had a return on equity of 6.70% and a net margin of 14.98%. The business had revenue of $13.10 billion for the quarter. Equities research analysts anticipate that Banco Santander, S.A. will post $0.49 EPS for the current fiscal year.
A number of analysts have commented on the company. BidaskClub downgraded Banco Santander, from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Zacks Investment Research upgraded Banco Santander, from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a research report on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of Banco Santander, in a research report on Tuesday, August 15th. ValuEngine upgraded Banco Santander, from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 17th. Finally, Bank of America Corporation upgraded Banco Santander, from an “underperform” rating to a “neutral” rating in a research report on Friday, June 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.50.
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Banco Santander, Company 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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