Ethic Inc. boosted its holdings in Banco Santander, S.A. (NYSE:SAN) by 174.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,307 shares of the bank’s stock after purchasing an additional 41,527 shares during the period. Ethic Inc.’s holdings in Banco Santander were worth $121,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of the business. Truehand Inc acquired a new stake in shares of Banco Santander in the second quarter valued at about $25,000. Ritholtz Wealth Management bought a new position in Banco Santander during the second quarter worth $29,000. WealthStone Inc. acquired a new stake in shares of Banco Santander during the 2nd quarter worth about $30,000. J.W. Cole Advisors Inc. acquired a new position in Banco Santander in the 2nd quarter valued at about $31,000. Finally, Highland Private Wealth Management bought a new position in Banco Santander in the 2nd quarter valued at about $31,000. Hedge funds and other institutional investors own 1.60% of the company’s stock.
A number of equities analysts have recently weighed in on SAN shares. Oddo Bhf upgraded Banco Santander from a “neutral” rating to a “buy” rating in a research note on Thursday, October 1st. Zacks Investment Research raised shares of Banco Santander from a “sell” rating to a “hold” rating in a research report on Friday, October 9th. Keefe, Bruyette & Woods raised shares of Banco Santander from an “underperform” rating to a “market perform” rating in a research report on Wednesday. ValuEngine downgraded shares of Banco Santander from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 1st. Finally, JPMorgan Chase & Co. decreased their target price on shares of Banco Santander in a research report on Monday, August 3rd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Banco Santander currently has a consensus rating of “Hold” and an average price target of $3.00.
SAN stock opened at $2.01 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.44 and a debt-to-equity ratio of 5.08. Banco Santander, S.A. has a 12 month low of $1.78 and a 12 month high of $4.32. The firm has a market cap of $33.39 billion, a P/E ratio of -3.72 and a beta of 1.07. The company’s 50-day moving average price is $1.97 and its two-hundred day moving average price is $2.21.
Banco Santander (NYSE:SAN) last posted its quarterly earnings results on Wednesday, July 29th. The bank reported $0.09 earnings per share (EPS) for the quarter. Banco Santander had a negative net margin of 15.84% and a positive return on equity of 7.31%. The business had revenue of $11.51 billion for the quarter, compared to analyst estimates of $12.77 billion. Equities analysts predict that Banco Santander, S.A. will post 0.18 EPS for the current year.
Banco Santander Profile
Banco Santander, SA, together with its subsidiaries, provides various retail and commercial banking products and services to individuals, small and medium-sized enterprises, and large companies worldwide. It offers demand and time deposits, and current and savings accounts; mortgages, consumer finance, auto finance, and personal loans; export and agency finance, trade and working capital solutions, syndicated corporate loans, and structured financing; debt capital markets and global markets services; insurance products; and debit and credit cards.
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