Golden State Equity Partners Lowers Holdings in Banco Santander, S.A. (NYSE:SAN)

Golden State Equity Partners decreased its holdings in Banco Santander, S.A. (NYSE:SAN) by 5.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 77,502 shares of the bank’s stock after selling 4,838 shares during the quarter. Golden State Equity Partners’ holdings in Banco Santander were worth $519,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC boosted its stake in shares of Banco Santander by 2,226.3% in the fourth quarter. Larson Financial Group LLC now owns 5,839 shares of the bank’s stock valued at $27,000 after purchasing an additional 5,588 shares during the period. WealthCollab LLC lifted its stake in Banco Santander by 35.1% in the fourth quarter. WealthCollab LLC now owns 7,801 shares of the bank’s stock worth $36,000 after acquiring an additional 2,028 shares during the last quarter. Prospect Financial Group LLC purchased a new position in Banco Santander in the fourth quarter worth approximately $46,000. HUB Investment Partners LLC purchased a new position in Banco Santander in the fourth quarter worth approximately $47,000. Finally, Jackson Thornton Wealth Management LLC purchased a new position in Banco Santander in the fourth quarter worth approximately $53,000. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SAN shares. Citigroup started coverage on shares of Banco Santander in a research note on Wednesday, June 4th. They issued a “buy” rating for the company. Wall Street Zen raised shares of Banco Santander from a “hold” rating to a “buy” rating in a report on Tuesday, May 13th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Banco Santander presently has a consensus rating of “Buy”.

Banco Santander Trading Down 2.7%

SAN stock opened at $8.05 on Thursday. Banco Santander, S.A. has a twelve month low of $4.27 and a twelve month high of $8.39. The company’s 50 day moving average is $7.66 and its two-hundred day moving average is $6.36. The stock has a market cap of $121.98 billion, a P/E ratio of 9.25, a PEG ratio of 0.99 and a beta of 1.00.

Banco Santander (NYSE:SAN) last released its quarterly earnings data on Wednesday, April 30th. The bank reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. Banco Santander had a net margin of 16.92% and a return on equity of 12.26%. The company had revenue of $17.69 billion for the quarter, compared to analysts’ expectations of $15.94 billion. On average, equities research analysts predict that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

About Banco Santander

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.