Millennium Management LLC Decreases Stake in Banco Santander, S.A. (NYSE:SAN)

Millennium Management LLC lowered its position in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 60.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 22,540 shares of the bank's stock after selling 34,043 shares during the quarter. Millennium Management LLC's holdings in Banco Santander were worth $103,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of SAN. Chevy Chase Trust Holdings LLC grew its stake in Banco Santander by 106.3% during the 4th quarter. Chevy Chase Trust Holdings LLC now owns 9,101,145 shares of the bank's stock worth $41,501,000 after buying an additional 4,689,461 shares during the last quarter. Northern Trust Corp grew its stake in Banco Santander by 46.4% during the 4th quarter. Northern Trust Corp now owns 10,775,261 shares of the bank's stock worth $49,135,000 after buying an additional 3,413,685 shares during the last quarter. FMR LLC grew its stake in Banco Santander by 5.1% during the 4th quarter. FMR LLC now owns 21,953,176 shares of the bank's stock worth $100,106,000 after buying an additional 1,059,449 shares during the last quarter. Jane Street Group LLC grew its stake in Banco Santander by 4,041.6% during the 4th quarter. Jane Street Group LLC now owns 990,966 shares of the bank's stock worth $4,519,000 after buying an additional 967,039 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Banco Santander during the 4th quarter worth $3,319,000. Hedge funds and other institutional investors own 9.19% of the company's stock.

Banco Santander Stock Down 1.5%

Shares of SAN stock opened at $7.97 on Friday. The stock has a market cap of $120.70 billion, a P/E ratio of 9.60, a price-to-earnings-growth ratio of 0.77 and a beta of 1.00. Banco Santander, S.A. has a one year low of $4.27 and a one year high of $8.13. The stock has a fifty day moving average price of $7.38 and a 200 day moving average price of $6.17. The company has a debt-to-equity ratio of 13.83, a current ratio of 2.24 and a quick ratio of 0.23.

Banco Santander (NYSE:SAN - Get Free Report) last announced its earnings results on Wednesday, April 30th. The bank reported $0.22 earnings per share for the quarter, meeting analysts' consensus estimates of $0.22. The company had revenue of $17.69 billion during the quarter, compared to analyst estimates of $15.94 billion. Banco Santander had a return on equity of 11.90% and a net margin of 15.88%. Analysts predict that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods raised shares of Banco Santander from a "hold" rating to a "moderate buy" rating in a report on Monday, February 24th. Citigroup assumed coverage on shares of Banco Santander in a report on Wednesday, June 4th. They issued a "buy" rating for the company. Finally, Wall Street Zen raised shares of Banco Santander from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy".

Banco Santander Company Profile

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.

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