Blue Trust Inc. Acquires 31,045 Shares of Banco Santander, S.A. (NYSE:SAN)

Blue Trust Inc. boosted its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 1,497.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,118 shares of the bank’s stock after acquiring an additional 31,045 shares during the quarter. Blue Trust Inc.’s holdings in Banco Santander were worth $160,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SAN. Advisors Asset Management Inc. lifted its position in Banco Santander by 2.8% in the first quarter. Advisors Asset Management Inc. now owns 81,357 shares of the bank’s stock worth $394,000 after buying an additional 2,248 shares during the last quarter. Sage Rhino Capital LLC lifted its holdings in shares of Banco Santander by 5.1% in the 1st quarter. Sage Rhino Capital LLC now owns 51,175 shares of the bank’s stock worth $248,000 after acquiring an additional 2,485 shares during the last quarter. OLD National Bancorp IN boosted its stake in shares of Banco Santander by 7.2% during the 4th quarter. OLD National Bancorp IN now owns 40,521 shares of the bank’s stock worth $168,000 after purchasing an additional 2,739 shares during the period. Seven Mile Advisory grew its holdings in Banco Santander by 8.5% during the 4th quarter. Seven Mile Advisory now owns 35,054 shares of the bank’s stock valued at $145,000 after purchasing an additional 2,751 shares during the last quarter. Finally, Cetera Advisors LLC lifted its stake in shares of Banco Santander by 16.1% during the 1st quarter. Cetera Advisors LLC now owns 20,308 shares of the bank’s stock worth $98,000 after acquiring an additional 2,822 shares during the last quarter. 9.19% of the stock is owned by institutional investors.

Banco Santander Stock Performance

Banco Santander stock opened at $4.76 on Tuesday. The company has a market capitalization of $75.33 billion, a PE ratio of 6.61, a P/E/G ratio of 0.36 and a beta of 1.16. The company has a 50 day moving average price of $4.72 and a 200-day moving average price of $4.68. Banco Santander, S.A. has a fifty-two week low of $3.52 and a fifty-two week high of $5.27.

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

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Banco Santander from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 22nd.

About Banco Santander

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.