Banco Santander, S.A. (NYSE:SAN) Shares Sold by Noesis Capital Mangement Corp

Noesis Capital Mangement Corp lessened its stake in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 60.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,000 shares of the bank's stock after selling 60,000 shares during the period. Noesis Capital Mangement Corp's holdings in Banco Santander were worth $268,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SAN. Raymond James Financial Inc. purchased a new position in Banco Santander during the fourth quarter worth approximately $3,319,000. GAMMA Investing LLC grew its holdings in shares of Banco Santander by 791.8% in the first quarter. GAMMA Investing LLC now owns 294,036 shares of the bank's stock valued at $1,970,000 after purchasing an additional 261,066 shares during the period. Barclays PLC raised its stake in Banco Santander by 284.9% during the fourth quarter. Barclays PLC now owns 670,513 shares of the bank's stock worth $3,057,000 after purchasing an additional 496,309 shares during the period. Chevy Chase Trust Holdings LLC increased its holdings in shares of Banco Santander by 30.5% during the 1st quarter. Chevy Chase Trust Holdings LLC now owns 11,875,594 shares of the bank's stock worth $79,566,000 after buying an additional 2,774,449 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Banco Santander by 10.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,135,377 shares of the bank's stock worth $5,177,000 after acquiring an additional 110,821 shares during the period. 9.19% of the stock is owned by hedge funds and other institutional investors.

Banco Santander Stock Performance

Shares of NYSE:SAN traded up $0.03 during trading on Thursday, hitting $8.91. The company's stock had a trading volume of 3,839,184 shares, compared to its average volume of 6,444,986. The company has a market capitalization of $132.55 billion, a PE ratio of 10.24, a P/E/G ratio of 0.99 and a beta of 0.99. The business has a 50 day moving average price of $8.20 and a two-hundred day moving average price of $6.92. Banco Santander, S.A. has a fifty-two week low of $4.27 and a fifty-two week high of $8.95.

Banco Santander (NYSE:SAN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The bank reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. Banco Santander had a return on equity of 12.26% and a net margin of 16.92%. The business had revenue of $17.69 billion during the quarter, compared to analysts' expectations of $15.94 billion. As a group, equities analysts expect that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wall Street Zen upgraded Banco Santander from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Citigroup started coverage on Banco Santander in a research report on Wednesday, June 4th. They issued a "buy" rating for the company. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus 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.