Banco Santander, S.A. (SAN) Sees Significant Growth in Short Interest

Banco Santander, S.A. (NYSE:SAN) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 9,433,331 shares, an increase of 56.9% from the October 13th total of 6,010,510 shares. Based on an average daily trading volume, of 5,379,589 shares, the short-interest ratio is currently 1.8 days.

SAN has been the topic of several research analyst reports. ValuEngine cut shares of Banco Santander, from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research cut shares of Banco Santander, from a “buy” rating to a “hold” rating in a research note on Saturday, September 16th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating on shares of Banco Santander, in a research note on Tuesday, August 15th. Finally, BidaskClub cut shares of Banco Santander, from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. Banco Santander, presently has an average rating of “Hold” and an average target price of $16.63.

Banco Santander, (NYSE SAN) opened at $6.39 on Wednesday. Banco Santander, has a 12-month low of $4.40 and a 12-month high of $6.99. The company has a debt-to-equity ratio of 3.88, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a market cap of $94,201.92, a PE ratio of 12.92, a PEG ratio of 1.29 and a beta of 1.40.

Banco Santander, (NYSE:SAN) last posted its quarterly earnings data on Thursday, October 26th. The bank reported $0.14 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.14. Banco Santander, had a net margin of 14.06% and a return on equity of 6.86%. The company had revenue of $14.39 billion during the quarter. sell-side analysts expect that Banco Santander, will post 0.55 earnings per share for the current year.

Several large investors have recently bought and sold shares of the company. Fisher Asset Management LLC boosted its position in shares of Banco Santander, by 4.3% during the 3rd quarter. Fisher Asset Management LLC now owns 81,383,608 shares of the bank’s stock valued at $564,802,000 after purchasing an additional 3,326,541 shares in the last quarter. Northern Trust Corp boosted its position in shares of Banco Santander, by 1.6% during the 2nd quarter. Northern Trust Corp now owns 13,234,508 shares of the bank’s stock valued at $88,539,000 after purchasing an additional 207,467 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Banco Santander, by 15.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 7,534,699 shares of the bank’s stock valued at $50,407,000 after purchasing an additional 997,429 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Banco Santander, by 690.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 6,573,247 shares of the bank’s stock valued at $43,975,000 after purchasing an additional 5,741,913 shares in the last quarter. Finally, Aperio Group LLC boosted its position in shares of Banco Santander, by 3.9% during the 3rd quarter. Aperio Group LLC now owns 4,247,776 shares of the bank’s stock valued at $29,480,000 after purchasing an additional 158,907 shares in the last quarter. Institutional investors own 1.34% of the company’s stock.

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Banco Santander, Company Profile

Banco Santander, SA is a retail and commercial bank. The Banks segments include Continental Europe, the United Kingdom, Latin America and the United States. The Continental Europe segment covers all businesses in the Continental Europe. The United Kingdom segment includes the businesses developed by various units and branches in the country.

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