Vanguard Personalized Indexing Management LLC Has $2.24 Million Stock Holdings in Banco Santander, S.A. (NYSE:SAN)

Vanguard Personalized Indexing Management LLC increased its position in shares of Banco Santander, S.A. (NYSE:SAN) by 10.6% in the second quarter, HoldingsChannel reports. The firm owned 485,817 shares of the bank’s stock after purchasing an additional 46,754 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Banco Santander were worth $2,244,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Rothschild Investment LLC bought a new stake in Banco Santander during the 2nd quarter worth about $33,000. Financial Management Professionals Inc. boosted its stake in Banco Santander by 1,853.0% during the 1st quarter. Financial Management Professionals Inc. now owns 8,359 shares of the bank’s stock worth $40,000 after acquiring an additional 7,931 shares during the last quarter. Principal Securities Inc. bought a new position in Banco Santander during the 4th quarter worth approximately $35,000. Planned Solutions Inc. acquired a new stake in Banco Santander during the 2nd quarter worth approximately $47,000. Finally, Coldstream Capital Management Inc. acquired a new stake in Banco Santander during the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 9.19% of the company’s stock.

Wall Street Analysts Forecast Growth

SAN has been the topic of a number of recent research reports. UBS Group upgraded shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 4th. StockNews.com downgraded shares of Banco Santander from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 22nd.

Banco Santander Trading Down 0.9 %

NYSE SAN opened at $5.08 on Friday. Banco Santander, S.A. has a 1 year low of $3.52 and a 1 year high of $5.27. The firm’s 50 day simple moving average is $4.79 and its 200 day simple moving average is $4.81. The firm has a market capitalization of $80.31 billion, a price-to-earnings 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 earnings results on Wednesday, July 24th. The bank reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. The firm had revenue of $16.87 billion during the quarter. Banco Santander had a return on equity of 11.42% and a net margin of 15.35%. On average, equities research analysts forecast that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

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.