Perigon Wealth Management LLC Buys 12,750 Shares of Banco Santander, S.A. (SAN)

Perigon Wealth Management LLC raised its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 23.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,780 shares of the bank’s stock after purchasing an additional 12,750 shares during the period. Perigon Wealth Management LLC’s holdings in Banco Santander were worth $334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of SAN. Cambiar Investors LLC raised its position in Banco Santander by 20.8% during the third quarter. Cambiar Investors LLC now owns 26,051,566 shares of the bank’s stock valued at $130,258,000 after purchasing an additional 4,494,125 shares during the period. Fisher Asset Management LLC raised its position in Banco Santander by 2.0% during the third quarter. Fisher Asset Management LLC now owns 94,934,126 shares of the bank’s stock valued at $474,671,000 after purchasing an additional 1,827,838 shares during the period. Bank of America Corp DE raised its position in Banco Santander by 10.1% during the second quarter. Bank of America Corp DE now owns 10,944,035 shares of the bank’s stock valued at $58,441,000 after purchasing an additional 999,509 shares during the period. Jane Street Group LLC raised its holdings in shares of Banco Santander by 2,494.0% in the second quarter. Jane Street Group LLC now owns 1,019,956 shares of the bank’s stock worth $5,472,000 after buying an additional 980,636 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in shares of Banco Santander by 229.9% in the third quarter. Russell Investments Group Ltd. now owns 923,101 shares of the bank’s stock worth $4,665,000 after buying an additional 643,265 shares during the period. Institutional investors and hedge funds own 1.62% of the company’s stock.

Shares of NYSE SAN opened at $4.76 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 4.01. Banco Santander, S.A. has a fifty-two week low of $4.50 and a fifty-two week high of $7.57. The company has a market capitalization of $77.32 billion, a PE ratio of 9.15, a price-to-earnings-growth ratio of 1.18 and a beta of 1.18.

Banco Santander (NYSE:SAN) last issued its quarterly earnings results on Wednesday, October 31st. The bank reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.01). Banco Santander had a return on equity of 7.62% and a net margin of 15.20%. The business had revenue of $13.63 billion during the quarter. On average, equities research analysts anticipate that Banco Santander, S.A. will post 0.55 earnings per share for the current year.

SAN has been the topic of several recent analyst reports. Zacks Investment Research upgraded Banco Santander from a “sell” rating to a “hold” rating in a report on Friday, August 17th. Keefe, Bruyette & Woods downgraded Banco Santander from an “outperform” rating to a “hold” rating in a report on Tuesday, October 2nd. Finally, ValuEngine upgraded Banco Santander from a “strong sell” rating to a “sell” rating in a report on Thursday, November 1st.

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Banco Santander Profile

Banco Santander, SA, together with its subsidiaries, provides various retail and commercial banking products and services for individual and corporate clients worldwide. It offers demand and time deposits, and current and savings accounts; certificates of deposit; mortgages, auto finance, and personal loans; working capital finance; and debit and credit cards, as well as life and non-life insurance products.

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

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