CAPROCK Group Inc. lowered its holdings in shares of Banco Santander SA (NYSE:SAN) by 6.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 32,052 shares of the bank’s stock after selling 2,040 shares during the period. CAPROCK Group Inc.’s holdings in Banco Santander were worth $148,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of SAN. SG Americas Securities LLC bought a new position in Banco Santander during the third quarter worth about $193,000. Rhumbline Advisers grew its holdings in Banco Santander by 121.5% during the third quarter. Rhumbline Advisers now owns 31,865 shares of the bank’s stock worth $159,000 after purchasing an additional 17,477 shares during the period. Bank of New York Mellon Corp grew its holdings in Banco Santander by 19.3% during the third quarter. Bank of New York Mellon Corp now owns 729,645 shares of the bank’s stock worth $3,648,000 after purchasing an additional 118,161 shares during the period. Credit Suisse AG grew its holdings in Banco Santander by 18.5% during the third quarter. Credit Suisse AG now owns 239,112 shares of the bank’s stock worth $1,196,000 after purchasing an additional 37,347 shares during the period. Finally, United Services Automobile Association grew its holdings in Banco Santander by 31.4% during the third quarter. United Services Automobile Association now owns 142,881 shares of the bank’s stock worth $714,000 after purchasing an additional 34,125 shares during the period. Institutional investors and hedge funds own 1.86% of the company’s stock.
Shares of SAN stock opened at $5.09 on Tuesday. The company has a debt-to-equity ratio of 4.05, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market cap of $81.65 billion, a price-to-earnings ratio of 9.25, a P/E/G ratio of 1.64 and a beta of 1.08. Banco Santander SA has a 12-month low of $4.21 and a 12-month high of $6.82.
Banco Santander (NYSE:SAN) last issued its quarterly earnings data on Tuesday, January 29th. The bank reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.01). The company had revenue of $14.31 billion for the quarter. Banco Santander had a return on equity of 7.56% and a net margin of 16.13%. On average, sell-side analysts anticipate that Banco Santander SA will post 0.55 EPS for the current fiscal year.
SAN has been the subject of several research reports. Zacks Investment Research downgraded shares of Banco Santander from a “hold” rating to a “sell” rating in a research report on Tuesday, December 18th. ValuEngine upgraded shares of Banco Santander from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Goldman Sachs Group upgraded shares of Banco Santander to a “buy” rating and set a $6.00 price objective for the company in a research report on Saturday, February 9th. Finally, TheStreet downgraded shares of Banco Santander from an “a-” rating to a “d” rating in a research report on Thursday, February 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $5.75.
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.
Read More: Stock Symbols and CUSIP Explained
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