Rhumbline Advisers Sells 2,954 Shares of Banco Santander, S.A. (NYSE:SAN)

Rhumbline Advisers trimmed its holdings in Banco Santander, S.A. (NYSE:SAN) by 0.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 385,944 shares of the bank’s stock after selling 2,954 shares during the quarter. Rhumbline Advisers’ holdings in Banco Santander were worth $1,760,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SAN. R Squared Ltd purchased a new stake in Banco Santander in the 4th quarter valued at $27,000. Advisors Preferred LLC bought a new stake in shares of Banco Santander in the 4th quarter worth $37,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Banco Santander in the third quarter valued at about $45,000. Groupama Asset Managment bought a new position in shares of Banco Santander during the third quarter valued at about $53,000. Finally, Echo45 Advisors LLC purchased a new position in Banco Santander during the fourth quarter worth about $53,000. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SAN has been the subject of several analyst reports. Morgan Stanley upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 26th. StockNews.com raised Banco Santander from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. The Goldman Sachs Group cut Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods raised Banco Santander from a “hold” rating to a “moderate buy” rating in a research report on Monday, February 24th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy”.

Banco Santander Trading Down 1.5 %

Shares of SAN stock opened at $6.38 on Wednesday. The company has a quick ratio of 0.23, a current ratio of 2.24 and a debt-to-equity ratio of 13.83. The firm has a market cap of $96.60 billion, a P/E ratio of 7.68, a PEG ratio of 0.77 and a beta of 1.12. The company has a 50 day moving average of $5.30 and a 200-day moving average of $5.01. Banco Santander, S.A. has a 12-month low of $4.12 and a 12-month high of $6.60.

Banco Santander (NYSE:SAN) last released its earnings results on Wednesday, February 5th. The bank reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. Banco Santander had a return on equity of 11.90% and a net margin of 15.88%. Sell-side analysts anticipate 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.