Raymond James & Associates Decreases Stock Position in Banco Santander, S.A. (NYSE:SAN)

Raymond James & Associates cut its position in Banco Santander, S.A. (NYSE:SAN) by 14.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 550,110 shares of the bank’s stock after selling 92,145 shares during the quarter. Raymond James & Associates’ holdings in Banco Santander were worth $2,547,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. raised its holdings in Banco Santander by 1,497.6% in the second quarter. Blue Trust Inc. now owns 33,118 shares of the bank’s stock valued at $160,000 after acquiring an additional 31,045 shares in the last quarter. Fiduciary Financial Group LLC acquired a new stake in Banco Santander in the second quarter valued at $79,000. Envestnet Portfolio Solutions Inc. raised its holdings in Banco Santander by 34.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 69,648 shares of the bank’s stock valued at $322,000 after acquiring an additional 17,945 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Banco Santander by 5.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 73,521 shares of the bank’s stock valued at $340,000 after acquiring an additional 3,675 shares in the last quarter. Finally, Traveka Wealth LLC raised its holdings in Banco Santander by 8.7% in the second quarter. Traveka Wealth LLC now owns 36,983 shares of the bank’s stock valued at $171,000 after acquiring an additional 2,965 shares in the last quarter. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Banco Santander from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 22nd.

Banco Santander Stock Performance

Shares of NYSE:SAN opened at $4.98 on Monday. The stock has a market capitalization of $78.81 billion, a price-to-earnings ratio of 6.92, a price-to-earnings-growth ratio of 0.40 and a beta of 1.16. Banco Santander, S.A. has a 1-year low of $3.52 and a 1-year high of $5.27. The company’s fifty day moving average is $4.74 and its two-hundred day moving average is $4.74.

Banco Santander (NYSE:SAN) last released its quarterly earnings data on Wednesday, July 24th. The bank reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. Banco Santander had a net margin of 15.35% and a return on equity of 11.42%. The business had revenue of $16.87 billion for the quarter. Sell-side analysts expect that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

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.