Schechter Investment Advisors LLC Has $350,000 Stake in Banco Santander, S.A. (NYSE:SAN)

Schechter Investment Advisors LLC trimmed its stake in Banco Santander, S.A. (NYSE:SAN) by 9.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,280 shares of the bank’s stock after selling 5,164 shares during the period. Schechter Investment Advisors LLC’s holdings in Banco Santander were worth $350,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC boosted its position in shares of Banco Santander by 5.1% during the 4th quarter. FMR LLC now owns 21,953,176 shares of the bank’s stock valued at $100,106,000 after acquiring an additional 1,059,449 shares in the last quarter. Chevy Chase Trust Holdings LLC boosted its position in shares of Banco Santander by 30.5% during the 1st quarter. Chevy Chase Trust Holdings LLC now owns 11,875,594 shares of the bank’s stock valued at $79,566,000 after acquiring an additional 2,774,449 shares in the last quarter. Northern Trust Corp boosted its position in shares of Banco Santander by 46.4% during the 4th quarter. Northern Trust Corp now owns 10,775,261 shares of the bank’s stock valued at $49,135,000 after acquiring an additional 3,413,685 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in shares of Banco Santander by 7.2% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 5,429,260 shares of the bank’s stock valued at $24,757,000 after acquiring an additional 362,500 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Banco Santander by 4.9% during the 4th quarter. American Century Companies Inc. now owns 3,407,110 shares of the bank’s stock valued at $15,536,000 after acquiring an additional 159,378 shares in the last quarter. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander Trading Down 2.3%

NYSE:SAN opened at $8.30 on Wednesday. Banco Santander, S.A. has a 1 year low of $4.27 and a 1 year high of $8.90. The firm has a 50 day moving average of $8.05 and a 200-day moving average of $6.74. The stock has a market capitalization of $125.69 billion, a P/E ratio of 9.53, a price-to-earnings-growth ratio of 0.92 and a beta of 0.99.

Banco Santander (NYSE:SAN) last posted its earnings results on Wednesday, April 30th. The bank reported $0.22 earnings per share (EPS) for the quarter, meeting 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 during the quarter, compared to analysts’ expectations of $15.94 billion. As a group, analysts forecast that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Citigroup assumed coverage on shares of Banco Santander in a research report on Wednesday, June 4th. They set a “buy” rating on the stock. Wall Street Zen upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Banco Santander Company Profile

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.