Banco Santander, S.A. (NYSE:SAN) Position Reduced by Savant Capital LLC

Savant Capital LLC reduced its position in Banco Santander, S.A. (NYSE:SAN) by 2.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 169,599 shares of the bank’s stock after selling 5,149 shares during the period. Savant Capital LLC’s holdings in Banco Santander were worth $785,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Jump Financial LLC purchased a new position in Banco Santander during the 4th quarter worth approximately $56,000. QRG Capital Management Inc. grew its holdings in shares of Banco Santander by 18.3% during the first quarter. QRG Capital Management Inc. now owns 1,316,066 shares of the bank’s stock valued at $6,370,000 after buying an additional 203,274 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in Banco Santander by 30.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 959,806 shares of the bank’s stock worth $3,974,000 after acquiring an additional 221,567 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Banco Santander during the 4th quarter worth about $1,221,000. Finally, Teachers Retirement System of The State of Kentucky grew its stake in 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 acquiring an additional 834,200 shares in the last quarter. Institutional investors and hedge funds own 9.19% of the company’s stock.

Analyst Ratings Changes

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

Banco Santander Price Performance

Shares of NYSE SAN opened at $4.76 on Thursday. Banco Santander, S.A. has a one year low of $3.52 and a one year high of $5.27. The business’s 50-day moving average price is $4.76 and its two-hundred day moving average price is $4.77. The company has a market capitalization of $75.25 billion, a P/E ratio of 6.60, a price-to-earnings-growth ratio of 0.38 and a beta of 1.14.

Banco Santander (NYSE:SAN) last announced its quarterly earnings results on Wednesday, July 24th. The bank reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The business 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 analysts anticipate that Banco Santander, S.A. will post 0.83 EPS for the current 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.