Wells Fargo & Company MN Decreases Holdings in Banco Santander, S.A. (SAN)

Wells Fargo & Company MN cut its stake in Banco Santander, S.A. (NYSE:SAN) by 5.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 469,348 shares of the bank’s stock after selling 28,345 shares during the quarter. Wells Fargo & Company MN’s holdings in Banco Santander were worth $3,257,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Adviser Investments LLC purchased a new stake in shares of Banco Santander in the 3rd quarter worth about $344,000. WBI Investments Inc. purchased a new stake in shares of Banco Santander in the 2nd quarter worth about $3,171,000. Senvest Management LLC purchased a new stake in shares of Banco Santander in the 2nd quarter worth about $8,363,000. Aperio Group LLC grew its position in shares of Banco Santander by 3.9% in the 3rd quarter. Aperio Group LLC now owns 4,247,776 shares of the bank’s stock worth $29,480,000 after buying an additional 158,907 shares during the period. Finally, Quattro Financial Advisors LLC grew its position in shares of Banco Santander by 666.9% in the 3rd quarter. Quattro Financial Advisors LLC now owns 103,496 shares of the bank’s stock worth $697,000 after buying an additional 90,000 shares during the period. Institutional investors and hedge funds own 1.25% of the company’s stock.

SAN has been the topic of a number of recent research reports. Goldman Sachs Group raised shares of Banco Santander from a “neutral” rating to a “buy” rating and set a $6.20 target price on the stock in a research report on Friday, November 24th. Zacks Investment Research downgraded shares of Banco Santander from a “buy” rating to a “hold” rating in a research report on Saturday, September 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $13.15.

Shares of Banco Santander, S.A. (SAN) opened at $6.94 on Thursday. Banco Santander, S.A. has a 1 year low of $5.24 and a 1 year high of $6.99. The company has a market cap of $112,740.00, a PE ratio of 12.62, a P/E/G ratio of 1.31 and a beta of 1.40. The company has a debt-to-equity ratio of 3.88, a quick ratio of 1.38 and a current ratio of 1.38.

Banco Santander (NYSE:SAN) last announced its quarterly earnings data on Thursday, October 26th. The bank reported $0.14 EPS 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 for the quarter. equities analysts predict that Banco Santander, S.A. will post 0.55 earnings per share for the current fiscal year.

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Banco Santander 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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Institutional Ownership by Quarter for Banco Santander (NYSE:SAN)

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