Banco Santander, S.A. (NYSE:SAN – Get Free Report) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 52,415,840 shares, a decrease of 51.3% from the August 15th total of 107,668,073 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 24,793,327 shares, the days-to-cover ratio is currently 2.1 days.
Analysts Set New Price Targets
A number of equities analysts recently commented on SAN shares. Santander reiterated a “buy” rating on shares of Banco Santander in a research note on Tuesday, June 23rd. Wall Street Zen downgraded Banco Santander from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Finally, Weiss Ratings downgraded Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday, July 29th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Banco Santander presently has a consensus rating of “Moderate Buy”.
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Banco Santander Stock Performance
Banco Santander (NYSE:SAN – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.02). Banco Santander had a return on equity of 12.43% and a net margin of 26.94%.The business had revenue of $17.93 billion for the quarter, compared to analyst estimates of $17.90 billion. As a group, research analysts predict that Banco Santander will post 1.25 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its stake in Banco Santander by 2.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 18,037,272 shares of the bank’s stock valued at $211,577,000 after buying an additional 398,787 shares during the last quarter. Capital International Investors grew its position in shares of Banco Santander by 1.6% during the fourth quarter. Capital International Investors now owns 14,766,849 shares of the bank’s stock worth $174,839,000 after acquiring an additional 237,825 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Banco Santander by 118.9% in the 1st quarter. Bank of America Corp DE now owns 11,413,194 shares of the bank’s stock worth $128,741,000 after acquiring an additional 6,198,828 shares during the period. Todd Asset Management LLC lifted its position in Banco Santander by 2.6% in the 4th quarter. Todd Asset Management LLC now owns 7,630,413 shares of the bank’s stock valued at $89,505,000 after purchasing an additional 194,081 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its stake in Banco Santander by 37.9% during the 1st quarter. Quantinno Capital Management LP now owns 2,566,939 shares of the bank’s stock valued at $28,955,000 after purchasing an additional 705,034 shares during the period. Institutional investors and hedge funds own 9.19% of the company’s stock.
About Banco Santander
Banco Santander, SA is a global banking group headquartered in Santander, Spain. Founded in 1857, the company provides financial products and services to individuals, businesses, institutions and governments through its banking operations in Europe, North America and South America.
Its principal activities include retail and commercial banking, consumer finance, corporate and investment banking, private banking, asset management, insurance and payment services. Santander offers products such as current and savings accounts, mortgages, personal loans, credit cards, business financing, investment products and digital banking services.
The group operates through established franchises in markets including Spain, the United Kingdom, Portugal, Poland, Brazil, Mexico, Chile, Argentina and the United States.
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