Commonwealth Equity Services LLC Boosts Stock Position in Banco Santander, S.A. (NYSE:SAN)

Commonwealth Equity Services LLC boosted its position in shares of Banco Santander, S.A. (NYSE:SAN) by 9.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 121,593 shares of the bank’s stock after acquiring an additional 10,252 shares during the period. Commonwealth Equity Services LLC’s holdings in Banco Santander were worth $563,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Private Advisor Group LLC raised its position in shares of Banco Santander by 6.6% during the 4th quarter. Private Advisor Group LLC now owns 73,675 shares of the bank’s stock valued at $305,000 after purchasing an additional 4,564 shares during the period. Principal Securities Inc. purchased a new stake in Banco Santander in the 4th quarter worth $35,000. Jump Financial LLC purchased a new position in shares of Banco Santander in the fourth quarter valued at about $56,000. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Banco Santander by 13.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 40,969 shares of the bank’s stock worth $170,000 after acquiring an additional 4,962 shares during the period. Finally, Avantax Advisory Services Inc. grew its position in shares of Banco Santander by 46.3% during the fourth quarter. Avantax Advisory Services Inc. now owns 16,077 shares of the bank’s stock worth $67,000 after purchasing an additional 5,086 shares in the last quarter. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. StockNews.com downgraded Banco Santander from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 22nd. UBS Group raised shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 4th.

Banco Santander Trading Down 0.9 %

NYSE:SAN opened at $5.08 on Friday. The business’s 50-day moving average is $4.79 and its 200 day moving average is $4.81. Banco Santander, S.A. has a 12 month low of $3.52 and a 12 month high of $5.27. The company has a market capitalization of $80.31 billion, a P/E ratio of 7.05, a P/E/G ratio of 0.40 and a beta of 1.14.

Banco Santander (NYSE:SAN) last issued its quarterly earnings data on Wednesday, July 24th. The bank reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. Banco Santander had a return on equity of 11.42% and a net margin of 15.35%. The business had revenue of $16.87 billion for the quarter. On average, research analysts forecast that Banco Santander, S.A. will post 0.83 earnings per share for the current 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.