Susquehanna International Securities Ltd. Sells 79,531 Shares of Banco Santander, S.A. (NYSE:SAN)

Susquehanna International Securities Ltd. decreased its position in Banco Santander, S.A. (NYSE:SAN) by 30.5% during the 2nd quarter, Holdings Channel reports. The firm owned 181,100 shares of the bank’s stock after selling 79,531 shares during the period. Banco Santander comprises about 0.2% of Susquehanna International Securities Ltd.’s holdings, making the stock its 19th biggest holding. Susquehanna International Securities Ltd.’s holdings in Banco Santander were worth $838,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Rothschild Investment LLC bought a new stake in Banco Santander in the 2nd quarter worth $33,000. Financial Management Professionals Inc. increased its holdings 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 valued at $40,000 after purchasing an additional 7,931 shares during the period. Sunpointe LLC bought a new position in Banco Santander during the 4th quarter valued at approximately $43,000. Planned Solutions Inc. purchased a new stake in Banco Santander in the 2nd quarter worth approximately $47,000. Finally, AE Wealth Management LLC bought a new stake in shares of Banco Santander in the 2nd quarter worth approximately $50,000. 9.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. UBS Group upgraded Banco Santander from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 4th. StockNews.com lowered shares of Banco Santander from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 22nd.

Banco Santander Price Performance

Shares of SAN opened at $5.13 on Friday. Banco Santander, S.A. has a one year low of $3.52 and a one year high of $5.27. The company has a 50-day simple moving average of $4.81 and a two-hundred day simple moving average of $4.84. The firm has a market capitalization of $81.19 billion, a PE ratio of 7.13, a price-to-earnings-growth ratio of 0.40 and a beta of 1.14.

Banco Santander (NYSE:SAN) last released its earnings results on Wednesday, July 24th. The bank reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. The company 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%. Analysts expect that Banco Santander, S.A. will post 0.83 EPS for the current fiscal 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.