Vertex One Asset Management Inc. cut its holdings in Banco Santander, S.A. (NYSE:SAN) by 15.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 135,712 shares of the bank’s stock after selling 24,052 shares during the quarter. Vertex One Asset Management Inc.’s holdings in Banco Santander were worth $888,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in SAN. Keybank National Association OH purchased a new stake in Banco Santander in the third quarter valued at about $107,000. KCS Wealth Advisory purchased a new position in shares of Banco Santander in the fourth quarter worth about $109,000. FCA Corp TX purchased a new position in shares of Banco Santander in the fourth quarter worth about $131,000. Park Avenue Securities LLC purchased a new position in shares of Banco Santander in the third quarter worth about $132,000. Finally, Bailard Inc. purchased a new position in shares of Banco Santander in the fourth quarter worth about $134,000. Institutional investors own 1.24% of the company’s stock.
Shares of Banco Santander, S.A. (SAN) traded up $0.04 during mid-day trading on Tuesday, reaching $6.81. The company had a trading volume of 692,312 shares, compared to its average volume of 7,139,283. The company has a debt-to-equity ratio of 3.82, a quick ratio of 1.38 and a current ratio of 1.36. The stock has a market capitalization of $108,755.09, a PE ratio of 15.04, a P/E/G ratio of 1.28 and a beta of 1.51. Banco Santander, S.A. has a 52 week low of $5.66 and a 52 week high of $7.57.
Banco Santander (NYSE:SAN) last announced its quarterly earnings results on Wednesday, January 31st. The bank reported $0.13 earnings per share for the quarter. The company had revenue of $14.21 billion during the quarter. Banco Santander had a return on equity of 7.21% and a net margin of 13.66%. research analysts anticipate that Banco Santander, S.A. will post 0.58 EPS for the current year.
SAN has been the subject of several research analyst reports. Goldman Sachs Group upgraded Banco Santander from a “neutral” rating to a “buy” rating and set a $6.20 price objective for the company in a research note on Friday, November 24th. Zacks Investment Research cut Banco Santander from a “hold” rating to a “sell” rating in a research note on Tuesday, February 20th. Finally, ValuEngine upgraded Banco Santander from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $13.15.
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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