Integrated Quantitative Investments LLC Sells 222,390 Shares of Banco Santander, S.A. $SAN

Integrated Quantitative Investments LLC reduced its holdings in shares of Banco Santander, S.A. (NYSE:SANFree Report) by 41.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 309,914 shares of the bank’s stock after selling 222,390 shares during the period. Banco Santander makes up approximately 0.9% of Integrated Quantitative Investments LLC’s portfolio, making the stock its 9th largest position. Integrated Quantitative Investments LLC’s holdings in Banco Santander were worth $3,248,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. West Family Investments Inc. grew its stake in Banco Santander by 2.0% in the third quarter. West Family Investments Inc. now owns 49,186 shares of the bank’s stock valued at $515,000 after purchasing an additional 965 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in Banco Santander by 5.5% in the third quarter. B. Riley Wealth Advisors Inc. now owns 19,756 shares of the bank’s stock valued at $207,000 after buying an additional 1,036 shares during the period. Fiduciary Financial Group LLC boosted its holdings in shares of Banco Santander by 6.7% during the 3rd quarter. Fiduciary Financial Group LLC now owns 16,554 shares of the bank’s stock worth $173,000 after buying an additional 1,038 shares during the period. Stratos Investment Management LLC grew its stake in Banco Santander by 7.1% in the 3rd quarter. Stratos Investment Management LLC now owns 15,865 shares of the bank’s stock valued at $166,000 after buying an additional 1,056 shares during the last quarter. Finally, Leavell Investment Management Inc. lifted its position in Banco Santander by 6.0% during the third quarter. Leavell Investment Management Inc. now owns 19,617 shares of the bank’s stock worth $206,000 after acquiring an additional 1,108 shares during the last quarter. Institutional investors own 9.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SAN. Wall Street Zen raised Banco Santander from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Weiss Ratings raised shares of Banco Santander from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, February 27th. Barclays downgraded shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Royal Bank Of Canada raised shares of Banco Santander from a “sector perform” rating to an “outperform” rating in a report on Monday, February 23rd. Finally, Kepler Capital Markets raised Banco Santander from a “hold” rating to a “buy” rating in a research report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Check Out Our Latest Research Report on SAN

Banco Santander Trading Up 5.1%

Shares of SAN opened at $11.59 on Thursday. The company has a debt-to-equity ratio of 3.15, a quick ratio of 0.25 and a current ratio of 0.33. Banco Santander, S.A. has a 52-week low of $5.54 and a 52-week high of $13.24. The firm has a market cap of $172.52 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 0.67 and a beta of 0.71. The business’s fifty day moving average is $12.26 and its 200-day moving average is $10.99.

Banco Santander (NYSE:SANGet Free Report) last released its earnings results on Tuesday, February 3rd. The bank reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. The firm had revenue of $18.90 billion for the quarter, compared to analysts’ expectations of $15.89 billion. Banco Santander had a return on equity of 12.14% and a net margin of 18.85%. Equities analysts anticipate that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Key Headlines Impacting Banco Santander

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Banco Santander Company Profile

(Free Report)

Banco Santander, SA (NYSE: SAN) is a Spanish multinational banking group headquartered in Santander, Spain. Founded in 1857, the bank has grown from a regional institution into one of Europe’s largest banking groups, operating a diversified financial services platform that serves retail, small and medium-sized enterprises, and large corporate clients. Santander is publicly listed in Spain and maintains American Depositary Receipts on the New York Stock Exchange under the ticker SAN.

The group’s core activities include retail and commercial banking—offering deposit accounts, payment services, mortgages, personal and auto loans, and small business financing—alongside corporate and investment banking services for larger institutional clients.

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Institutional Ownership by Quarter for Banco Santander (NYSE:SAN)

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