BNP Paribas Financial Markets Has $49,000 Stake in Banco Santander, S.A. (NYSE:SAN)

BNP Paribas Financial Markets decreased its position in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 98.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,651 shares of the bank's stock after selling 695,533 shares during the quarter. BNP Paribas Financial Markets' holdings in Banco Santander were worth $49,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Larson Financial Group LLC raised its stake in Banco Santander by 2,226.3% during the fourth quarter. Larson Financial Group LLC now owns 5,839 shares of the bank's stock worth $27,000 after buying an additional 5,588 shares during the last quarter. R Squared Ltd bought a new position in shares of Banco Santander in the 4th quarter worth about $27,000. Sierra Ocean LLC acquired a new position in shares of Banco Santander in the 4th quarter valued at about $32,000. WealthCollab LLC boosted its position in shares of Banco Santander by 35.1% during the 4th quarter. WealthCollab LLC now owns 7,801 shares of the bank's stock valued at $36,000 after purchasing an additional 2,028 shares in the last quarter. Finally, Advisors Preferred LLC bought a new stake in shares of Banco Santander during the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 9.19% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on SAN shares. The Goldman Sachs Group lowered Banco Santander from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods upgraded Banco Santander from a "hold" rating to a "moderate buy" rating in a research report on Monday, February 24th. Wall Street Zen upgraded Banco Santander from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Finally, Citigroup assumed coverage on Banco Santander in a research report on Wednesday. They set a "buy" rating on the stock. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy".

Banco Santander Stock Up 0.6%

Banco Santander stock traded up $0.05 during midday trading on Friday, reaching $8.04. The stock had a trading volume of 1,803,268 shares, compared to its average volume of 3,731,738. Banco Santander, S.A. has a 12 month low of $4.27 and a 12 month high of $8.08. The company has a market capitalization of $121.83 billion, a P/E ratio of 9.69, a PEG ratio of 0.77 and a beta of 1.00. The company has a fifty day moving average price of $7.20 and a two-hundred day moving average price of $6.06. The company has a current ratio of 2.24, a quick ratio of 0.23 and a debt-to-equity ratio of 13.83.

Banco Santander (NYSE:SAN - Get Free Report) last released its quarterly 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. The business had revenue of $17.69 billion during the quarter, compared to the consensus estimate of $15.94 billion. Banco Santander had a return on equity of 11.90% and a net margin of 15.88%. As a group, equities analysts expect that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

About Banco Santander

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.