Envestnet Asset Management Inc. decreased its position in shares of Banco Santander, S.A. (NYSE:SAN – Free Report) by 26.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,809,648 shares of the bank’s stock after selling 650,543 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Banco Santander were worth $8,379,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of SAN. Rothschild Investment LLC purchased a new position in shares of Banco Santander in the 2nd quarter valued at $33,000. Financial Management Professionals Inc. grew its stake in Banco Santander by 1,853.0% in the first 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 last quarter. Planned Solutions Inc. bought a new position in Banco Santander in the second quarter worth about $47,000. Sunpointe LLC purchased a new stake in shares of Banco Santander during the fourth quarter valued at about $43,000. Finally, Norden Group LLC purchased a new stake in shares of Banco Santander during the first quarter valued at about $52,000. Institutional investors own 9.19% of the company’s stock.
Banco Santander Price Performance
Shares of SAN stock opened at $5.13 on Friday. The stock has a 50 day simple moving average of $4.80 and a 200-day simple moving average of $4.83. The company has a market cap of $81.19 billion, a price-to-earnings ratio of 7.13, a PEG ratio of 0.40 and a beta of 1.14. Banco Santander, S.A. has a 1-year low of $3.52 and a 1-year high of $5.27.
Wall Street Analyst Weigh In
Several research analysts recently commented on the stock. StockNews.com lowered shares of 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 report on Wednesday, September 4th.
Get Our Latest Analysis on SAN
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.
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