Bellecapital International Ltd. purchased a new position in Banco Santander, S.A. (NYSE:SAN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 43,000 shares of the bank’s stock, valued at approximately $298,000.
Several other large investors have also bought and sold shares of SAN. Bank of New York Mellon Corp raised its stake in Banco Santander, by 28.7% during the first quarter. Bank of New York Mellon Corp now owns 293,986 shares of the bank’s stock worth $1,784,000 after purchasing an additional 65,612 shares during the period. Ameriprise Financial Inc. raised its stake in Banco Santander, by 64.3% during the first quarter. Ameriprise Financial Inc. now owns 173,942 shares of the bank’s stock worth $1,056,000 after purchasing an additional 68,045 shares during the period. Wellington Management Group LLP purchased a new position in Banco Santander, during the first quarter worth about $6,464,000. Morgan Stanley raised its stake in Banco Santander, by 9.6% during the first quarter. Morgan Stanley now owns 3,035,091 shares of the bank’s stock worth $18,424,000 after purchasing an additional 266,572 shares during the period. Finally, United Capital Financial Advisers LLC raised its stake in Banco Santander, by 6.2% during the first quarter. United Capital Financial Advisers LLC now owns 28,892 shares of the bank’s stock worth $175,000 after purchasing an additional 1,687 shares during the period. 1.32% of the stock is currently owned by hedge funds and other institutional investors.
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SAN has been the topic of a number of analyst reports. ValuEngine downgraded shares of Banco Santander, from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research raised shares of Banco Santander, from a “hold” rating to a “buy” rating and set a $7.50 target price on the stock in a research note on Thursday, September 14th. BidaskClub downgraded shares of Banco Santander, from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating on shares of Banco Santander, in a research note on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. Banco Santander, presently has a consensus rating of “Buy” and a consensus price target of $16.63.
Shares of Banco Santander, S.A. (NYSE SAN) traded down 3.12% during midday trading on Friday, hitting $6.53. 12,701,532 shares of the company’s stock were exchanged. Banco Santander, S.A. has a one year low of $4.40 and a one year high of $6.99. The stock’s 50-day moving average price is $6.68 and its 200 day moving average price is $6.60. The firm has a market cap of $100.43 billion, a PE ratio of 12.00 and a beta of 1.38.
Banco Santander, (NYSE:SAN) last announced its quarterly earnings data on Thursday, October 26th. The bank reported $0.14 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.14. The business had revenue of $14.39 billion for the quarter. Banco Santander, had a net margin of 14.06% and a return on equity of 7.10%. Equities research analysts forecast that Banco Santander, S.A. will post $0.49 EPS for the current year.
Banco Santander, 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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