Banco Santander, S.A. (NYSE:SAN) Shares Bought by American Century Companies Inc.

American Century Companies Inc. raised its holdings in Banco Santander, S.A. (NYSE:SAN) by 6.2% in the second quarter, Holdings Channel.com reports. The fund owned 3,091,293 shares of the bank’s stock after acquiring an additional 181,558 shares during the period. American Century Companies Inc.’s holdings in Banco Santander were worth $14,313,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Principal Securities Inc. acquired a new stake in Banco Santander during the 4th quarter worth about $35,000. Jump Financial LLC acquired a new stake in Banco Santander during the 4th quarter worth about $56,000. Envestnet Portfolio Solutions Inc. raised its holdings in Banco Santander by 13.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 40,969 shares of the bank’s stock worth $170,000 after buying an additional 4,962 shares during the period. Avantax Advisory Services Inc. raised its holdings in Banco Santander by 46.3% during the 4th quarter. Avantax Advisory Services Inc. now owns 16,077 shares of the bank’s stock worth $67,000 after buying an additional 5,086 shares during the period. Finally, Coldstream Capital Management Inc. acquired a new stake in Banco Santander during the 4th quarter worth about $42,000. 9.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on SAN. 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 research report on Saturday, June 22nd.

Banco Santander Price Performance

NYSE SAN opened at $5.08 on Friday. The company has a 50 day simple moving average of $4.79 and a 200-day simple moving average of $4.82. The firm has a market capitalization of $80.39 billion, a price-to-earnings ratio of 7.06, a price-to-earnings-growth ratio of 0.40 and a beta of 1.14. Banco Santander, S.A. has a 52-week low of $3.52 and a 52-week high of $5.27.

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