Stifel Financial Corp Reduces Stake in Banco Santander, S.A. (SAN)

Stifel Financial Corp cut its stake in Banco Santander, S.A. (NYSE:SAN) by 18.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 455,823 shares of the bank’s stock after selling 101,524 shares during the quarter. Stifel Financial Corp’s holdings in Banco Santander, were worth $3,044,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Parallax Volatility Advisers L.P. increased its stake in shares of Banco Santander, by 22.7% in the second quarter. Parallax Volatility Advisers L.P. now owns 93,558 shares of the bank’s stock worth $626,000 after acquiring an additional 17,319 shares during the last quarter. Senvest Management LLC acquired a new position in Banco Santander, during the second quarter worth $8,363,000. Teachers Retirement System of The State of Kentucky increased its position in Banco Santander, by 44.0% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 2,380,000 shares of the bank’s stock worth $15,922,000 after buying an additional 727,000 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in Banco Santander, by 15.3% during the second quarter. Parametric Portfolio Associates LLC now owns 7,534,699 shares of the bank’s stock worth $50,407,000 after buying an additional 997,429 shares during the last quarter. Finally, Suntrust Banks Inc. increased its position in Banco Santander, by 5.0% during the second quarter. Suntrust Banks Inc. now owns 244,630 shares of the bank’s stock worth $1,635,000 after buying an additional 11,748 shares during the last quarter. 1.30% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander, S.A. (NYSE:SAN) opened at 6.70 on Thursday. The firm’s 50-day moving average is $6.64 and its 200-day moving average is $6.56. The company has a market cap of $103.05 billion, a PE ratio of 12.32 and a beta of 1.38. Banco Santander, S.A. has a 52 week low of $4.23 and a 52 week high of $6.99.

Banco Santander, (NYSE:SAN) last issued its quarterly earnings results on Friday, July 28th. The bank reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.02). Banco Santander, had a return on equity of 6.70% and a net margin of 14.98%. The firm had revenue of $13.10 billion for the quarter. On average, analysts expect that Banco Santander, S.A. will post $0.49 EPS for the current fiscal year.

Several research firms have commented on SAN. BidaskClub downgraded shares of Banco Santander, from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Zacks Investment Research upgraded shares of Banco Santander, from a “hold” rating to a “buy” rating and set a $7.75 price target for the company in a report on Tuesday, September 26th. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of Banco Santander, in a report on Tuesday, August 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $16.63.

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Banco Santander, Company Profile

Banco Santander, SA is a retail and commercial bank. The Banks segments include Continental Europe, the United Kingdom, Latin America and the United States. The Continental Europe segment covers all businesses in the Continental Europe. The United Kingdom segment includes the businesses developed by various units and branches in the country.

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Institutional Ownership by Quarter for Banco Santander, (NYSE:SAN)

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