Ritholtz Wealth Management Sells 39,668 Shares of Banco Santander, S.A. (NYSE:SAN)

Ritholtz Wealth Management reduced its holdings in Banco Santander, S.A. (NYSE:SAN - Free Report) by 9.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 383,437 shares of the bank's stock after selling 39,668 shares during the quarter. Ritholtz Wealth Management's holdings in Banco Santander were worth $2,569,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Larson Financial Group LLC raised its position in Banco Santander by 2,226.3% during the 4th quarter. Larson Financial Group LLC now owns 5,839 shares of the bank's stock worth $27,000 after purchasing an additional 5,588 shares during the last quarter. Sierra Ocean LLC acquired a new stake in shares of Banco Santander in the fourth quarter valued at about $32,000. WealthCollab LLC raised its position in shares of Banco Santander by 35.1% during the fourth quarter. WealthCollab LLC now owns 7,801 shares of the bank's stock worth $36,000 after acquiring an additional 2,028 shares during the last quarter. Prospect Financial Group LLC acquired a new position in shares of Banco Santander in the fourth quarter worth approximately $46,000. Finally, HUB Investment Partners LLC acquired a new stake in Banco Santander during the 4th quarter valued at approximately $47,000. Institutional investors own 9.19% of the company's stock.

Banco Santander Stock Down 1.5%

Shares of NYSE SAN opened at $7.97 on Monday. The company has a quick ratio of 0.23, a current ratio of 2.24 and a debt-to-equity ratio of 13.83. The firm has a market cap of $120.70 billion, a PE ratio of 9.60, a P/E/G ratio of 0.77 and a beta of 1.00. The company's fifty day simple moving average is $7.38 and its 200 day simple moving average is $6.19. Banco Santander, S.A. has a 12-month low of $4.27 and a 12-month high of $8.14.

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

Analysts Set New Price Targets

SAN has been the topic of a number of analyst reports. Wall Street Zen raised shares of Banco Santander from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Keefe, Bruyette & Woods raised shares of Banco Santander from a "hold" rating to a "moderate buy" rating in a research report on Monday, February 24th. Finally, 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 issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy".

Banco Santander 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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