Rhumbline Advisers Raises Stock Holdings in Banco Santander, S.A. (NYSE:SAN)

Rhumbline Advisers increased its position in Banco Santander, S.A. (NYSE:SAN) by 1.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 375,998 shares of the bank’s stock after buying an additional 4,347 shares during the quarter. Rhumbline Advisers’ holdings in Banco Santander were worth $1,741,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its position in Banco Santander by 6.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 15,786,825 shares of the bank’s stock valued at $65,357,000 after purchasing an additional 892,960 shares during the period. CIBC Private Wealth Group LLC lifted its stake in Banco Santander by 41.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 14,148,083 shares of the bank’s stock valued at $58,699,000 after acquiring an additional 4,139,669 shares during the period. Teachers Retirement System of The State of Kentucky increased its position in shares of Banco Santander by 20.9% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 4,824,760 shares of the bank’s stock valued at $23,352,000 after purchasing an additional 834,200 shares during the last quarter. RWA Wealth Partners LLC increased its position in shares of Banco Santander by 106.2% during the 1st quarter. RWA Wealth Partners LLC now owns 1,691,945 shares of the bank’s stock valued at $8,189,000 after purchasing an additional 871,446 shares during the last quarter. Finally, QRG Capital Management Inc. increased its holdings in Banco Santander by 24.4% in the 2nd quarter. QRG Capital Management Inc. now owns 1,637,838 shares of the bank’s stock worth $7,583,000 after acquiring an additional 321,772 shares in the last quarter. 9.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on SAN. UBS Group raised shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 4th. StockNews.com lowered shares of Banco Santander from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 22nd.

Banco Santander Price Performance

Banco Santander stock opened at $5.08 on Friday. Banco Santander, S.A. has a 1-year low of $3.52 and a 1-year high of $5.27. The stock has a market capitalization of $80.31 billion, a price-to-earnings ratio of 7.05, a PEG ratio of 0.40 and a beta of 1.14. The business has a fifty day moving average price of $4.79 and a 200-day moving average price of $4.81.

Banco Santander (NYSE:SAN) last issued its earnings results on Wednesday, July 24th. The bank reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. The company had revenue of $16.87 billion during the quarter. Banco Santander had a return on equity of 11.42% and a net margin of 15.35%. On average, equities research analysts anticipate that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Banco Santander Profile

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.