Banco Santander, S.A. (SAN) Holdings Increased by BB&T Securities LLC

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BB&T Securities LLC raised its holdings in Banco Santander, S.A. (NYSE:SAN) by 31.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 158,900 shares of the bank’s stock after purchasing an additional 37,602 shares during the quarter. BB&T Securities LLC’s holdings in Banco Santander were worth $847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in SAN. Wells Fargo & Company MN grew its stake in Banco Santander by 415.0% in the 1st quarter. Wells Fargo & Company MN now owns 2,313,023 shares of the bank’s stock valued at $15,151,000 after purchasing an additional 1,863,917 shares during the period. US Bancorp DE lifted its position in shares of Banco Santander by 146.7% during the 1st quarter. US Bancorp DE now owns 349,683 shares of the bank’s stock valued at $2,290,000 after buying an additional 207,963 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Banco Santander by 2,980.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 423,750 shares of the bank’s stock valued at $2,773,000 after buying an additional 409,994 shares during the last quarter. Eagle Asset Management Inc. lifted its position in shares of Banco Santander by 13.7% during the 1st quarter. Eagle Asset Management Inc. now owns 70,024 shares of the bank’s stock valued at $458,000 after buying an additional 8,450 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Banco Santander by 12.0% during the 1st quarter. Northern Trust Corp now owns 15,999,997 shares of the bank’s stock valued at $104,799,000 after buying an additional 1,719,499 shares during the last quarter. Hedge funds and other institutional investors own 1.57% of the company’s stock.

A number of research analysts have recently commented on the company. Zacks Investment Research cut Banco Santander from a “hold” rating to a “sell” rating in a research report on Friday, October 5th. Keefe, Bruyette & Woods cut Banco Santander from an “outperform” rating to a “hold” rating in a research report on Tuesday, October 2nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. Banco Santander has a consensus rating of “Hold” and a consensus price target of $6.85.

SAN traded down $0.02 during trading on Friday, reaching $4.89. 6,767,170 shares of the company were exchanged, compared to its average volume of 7,298,983. The stock has a market capitalization of $80.20 billion, a price-to-earnings ratio of 9.40, a price-to-earnings-growth ratio of 1.23 and a beta of 1.33. The company has a debt-to-equity ratio of 4.25, a quick ratio of 1.32 and a current ratio of 1.32. Banco Santander, S.A. has a 12-month low of $4.82 and a 12-month high of $7.57.

Banco Santander (NYSE:SAN) last issued its quarterly earnings data on Wednesday, July 25th. The bank reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The business had revenue of $14.33 billion for the quarter. Banco Santander had a return on equity of 7.55% and a net margin of 13.97%. On average, research analysts forecast that Banco Santander, S.A. will post 0.55 earnings per share for the current fiscal year.

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: How to calculate the intrinsic value of a stock

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

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