Fisher Asset Management LLC Sells 9,962,970 Shares of Banco Santander, S.A. $SAN

Fisher Asset Management LLC reduced its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 8.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 107,629,107 shares of the bank’s stock after selling 9,962,970 shares during the period. Fisher Asset Management LLC owned approximately 0.72% of Banco Santander worth $1,127,953,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Root Financial Partners LLC bought a new stake in Banco Santander in the 3rd quarter valued at $25,000. True Wealth Design LLC bought a new position in Banco Santander during the 3rd quarter worth about $27,000. Westside Investment Management Inc. acquired a new stake in shares of Banco Santander in the 2nd quarter valued at about $30,000. Atlantic Union Bankshares Corp bought a new stake in shares of Banco Santander in the second quarter valued at about $30,000. Finally, Smithfield Trust Co bought a new position in shares of Banco Santander during the second quarter worth about $30,000. Institutional investors own 9.19% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on SAN shares. Weiss Ratings raised shares of Banco Santander from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday. Zacks Research cut Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Barclays downgraded Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Wall Street Zen upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Finally, DZ Bank downgraded Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Banco Santander presently has an average rating of “Moderate Buy”.

Banco Santander Stock Down 4.5%

SAN stock opened at $12.36 on Monday. The business has a 50-day simple moving average of $12.28 and a 200 day simple moving average of $10.96. The company has a market cap of $183.91 billion, a PE ratio of 12.23, a price-to-earnings-growth ratio of 0.75 and a beta of 0.71. Banco Santander, S.A. has a 52 week low of $5.54 and a 52 week high of $13.24.

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

About Banco Santander

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.