Pacer Advisors Inc. Decreases Stake in Banco Santander, S.A. (NYSE:SAN)

Pacer Advisors Inc. decreased its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 10.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 233,412 shares of the bank’s stock after selling 26,761 shares during the quarter. Pacer Advisors Inc.’s holdings in Banco Santander were worth $1,081,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SAN. Rothschild Investment LLC purchased a new position in Banco Santander in the 2nd quarter worth $33,000. Financial Management Professionals Inc. raised its stake in shares of Banco Santander by 1,853.0% in the first quarter. Financial Management Professionals Inc. now owns 8,359 shares of the bank’s stock worth $40,000 after purchasing an additional 7,931 shares during the last quarter. Sunpointe LLC acquired a new stake in shares of Banco Santander during the fourth quarter worth about $43,000. Planned Solutions Inc. purchased a new stake in Banco Santander in the second quarter valued at approximately $47,000. Finally, AE Wealth Management LLC purchased a new position in Banco Santander during the 2nd quarter worth approximately $50,000. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander Trading Down 0.8 %

Shares of SAN stock opened at $5.13 on Friday. Banco Santander, S.A. has a twelve month low of $3.52 and a twelve month high of $5.27. The stock has a 50 day moving average of $4.81 and a 200 day moving average of $4.84. The stock has a market cap of $81.19 billion, a P/E ratio of 7.13, a P/E/G ratio of 0.40 and a beta of 1.14.

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

Analyst Upgrades and Downgrades

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

Banco Santander Company 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.