Anderson Hoagland & Co. grew its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 24.8% during the third quarter, HoldingsChannel reports. The firm owned 115,800 shares of the bank’s stock after acquiring an additional 22,998 shares during the quarter. Anderson Hoagland & Co.’s holdings in Banco Santander were worth $577,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Fisher Asset Management LLC boosted its position in shares of Banco Santander by 4.4% during the 2nd quarter. Fisher Asset Management LLC now owns 93,106,288 shares of the bank’s stock worth $497,188,000 after acquiring an additional 3,915,110 shares in the last quarter. Cambiar Investors LLC boosted its position in shares of Banco Santander by 3.0% during the 2nd quarter. Cambiar Investors LLC now owns 21,557,441 shares of the bank’s stock worth $115,117,000 after acquiring an additional 626,461 shares in the last quarter. Northern Trust Corp boosted its position in shares of Banco Santander by 3.8% during the 2nd quarter. Northern Trust Corp now owns 16,609,734 shares of the bank’s stock worth $88,695,000 after acquiring an additional 609,737 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Banco Santander by 10.1% during the 2nd quarter. Bank of America Corp DE now owns 10,944,035 shares of the bank’s stock worth $58,441,000 after acquiring an additional 999,509 shares in the last quarter. Finally, Aperio Group LLC boosted its position in shares of Banco Santander by 1.1% during the 3rd quarter. Aperio Group LLC now owns 4,631,101 shares of the bank’s stock worth $23,156,000 after acquiring an additional 50,733 shares in the last quarter. Institutional investors and hedge funds own 1.57% of the company’s stock.
SAN has been the topic of several analyst reports. Zacks Investment Research lowered shares of Banco Santander from a “hold” rating to a “sell” rating in a research report on Friday, October 5th. Keefe, Bruyette & Woods lowered shares of Banco Santander from an “outperform” rating to a “hold” rating in a research report on Tuesday, October 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $6.85.
NYSE:SAN traded down $0.16 on Thursday, hitting $4.74. The company had a trading volume of 437,861 shares, compared to its average volume of 7,305,376. The company has a market cap of $80.20 billion, a price-to-earnings ratio of 9.26, a PEG ratio of 1.23 and a beta of 1.33. The company has a debt-to-equity ratio of 4.25, a current ratio of 1.32 and a quick ratio of 1.32. Banco Santander, S.A. has a 52 week low of $4.82 and a 52 week high of $7.57.
Banco Santander (NYSE:SAN) last issued its quarterly earnings data on Wednesday, July 25th. The bank reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.01. The business had revenue of $14.33 billion during the quarter. Banco Santander had a net margin of 13.97% and a return on equity of 7.55%. As a group, analysts expect that Banco Santander, S.A. will post 0.55 EPS for the current year.
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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