Arlington Capital Management Inc. cut its position in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 95.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,150 shares of the bank's stock after selling 324,346 shares during the quarter. Arlington Capital Management Inc.'s holdings in Banco Santander were worth $195,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Morgan Stanley raised its holdings in Banco Santander by 3.2% in the 4th quarter. Morgan Stanley now owns 56,109,418 shares of the bank's stock valued at $658,164,000 after acquiring an additional 1,719,432 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Banco Santander by 2.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 18,037,272 shares of the bank's stock valued at $211,577,000 after buying an additional 398,787 shares during the period. Capital International Investors grew its holdings in Banco Santander by 1.6% in the 4th quarter. Capital International Investors now owns 14,766,849 shares of the bank's stock valued at $174,839,000 after buying an additional 237,825 shares during the period. Northern Trust Corp increased its stake in shares of Banco Santander by 8.5% during the 3rd quarter. Northern Trust Corp now owns 12,844,029 shares of the bank's stock valued at $134,605,000 after acquiring an additional 1,000,811 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Banco Santander by 118.9% during the 1st quarter. Bank of America Corp DE now owns 11,413,194 shares of the bank's stock worth $128,741,000 after acquiring an additional 6,198,828 shares during the period. Institutional investors and hedge funds own 9.19% of the company's stock.
Banco Santander Stock Performance
Shares of NYSE:SAN opened at $14.68 on Thursday. The stock has a 50-day simple moving average of $14.26 and a 200-day simple moving average of $12.88. The stock has a market capitalization of $215.57 billion, a P/E ratio of 11.93, a PEG ratio of 0.73 and a beta of 0.74. Banco Santander, S.A. has a 1 year low of $9.62 and a 1 year high of $15.05.
Banco Santander (NYSE:SAN - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). The business had revenue of $17.93 billion during the quarter, compared to analysts' expectations of $17.90 billion. Banco Santander had a net margin of 26.94% and a return on equity of 12.43%. Analysts predict that Banco Santander, S.A. will post 1.25 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on SAN. Weiss Ratings cut shares of Banco Santander from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Wednesday, July 29th. Wall Street Zen downgraded shares of Banco Santander from a "buy" rating to a "hold" rating in a research note on Saturday, July 18th. Finally, Santander reiterated a "buy" rating on shares of Banco Santander in a report on Tuesday, June 23rd. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy".
Read Our Latest Stock Report on SAN
Banco Santander Profile
(
Free Report)
Banco Santander, SA is a global banking group headquartered in Santander, Spain. Founded in 1857, the company provides financial products and services to individuals, businesses, institutions and governments through its banking operations in Europe, North America and South America.
Its principal activities include retail and commercial banking, consumer finance, corporate and investment banking, private banking, asset management, insurance and payment services. Santander offers products such as current and savings accounts, mortgages, personal loans, credit cards, business financing, investment products and digital banking services.
The group operates through established franchises in markets including Spain, the United Kingdom, Portugal, Poland, Brazil, Mexico, Chile, Argentina and the United States.
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