Glovista Investments LLC Acquires New Position in Banco Santander, S.A. (SAN)
Glovista Investments LLC acquired a new stake in shares of Banco Santander, S.A. (NYSE:SAN) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 31,208 shares of the bank’s stock, valued at approximately $217,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Keybank National Association OH acquired a new stake in shares of Banco Santander during the 3rd quarter worth approximately $107,000. Lincoln National Corp raised its position in shares of Banco Santander by 5.0% during the 2nd quarter. Lincoln National Corp now owns 15,711 shares of the bank’s stock worth $105,000 after purchasing an additional 755 shares during the period. Rhumbline Advisers acquired a new stake in shares of Banco Santander during the 2nd quarter worth approximately $108,000. Good Life Advisors LLC acquired a new stake in shares of Banco Santander during the 2nd quarter worth approximately $119,000. Finally, Park Avenue Securities LLC acquired a new stake in shares of Banco Santander during the 3rd quarter worth approximately $132,000. Hedge funds and other institutional investors own 1.26% of the company’s stock.
SAN has been the topic of a number of research reports. Zacks Investment Research cut Banco Santander from a “buy” rating to a “sell” rating in a research report on Thursday, August 10th. BidaskClub cut Banco Santander from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Goldman Sachs Group reiterated a “neutral” rating on shares of Banco Santander in a research report on Tuesday, August 15th. Finally, ValuEngine cut Banco Santander from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $13.15.
Shares of Banco Santander, S.A. (NYSE SAN) traded down $0.07 during mid-day trading on Thursday, reaching $6.43. The company had a trading volume of 3,838,000 shares, compared to its average volume of 6,070,193. Banco Santander, S.A. has a 1-year low of $4.96 and a 1-year high of $6.99. The company has a market cap of $104,263.73, a price-to-earnings ratio of 13.00, a price-to-earnings-growth ratio of 1.29 and a beta of 1.39. The company has a debt-to-equity ratio of 3.88, a current ratio of 1.38 and a quick ratio of 1.38.
Banco Santander (NYSE:SAN) last issued its quarterly earnings data on Thursday, October 26th. The bank reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. Banco Santander had a return on equity of 6.86% and a net margin of 14.06%. The business had revenue of $14.39 billion during the quarter. sell-side analysts forecast that Banco Santander, S.A. will post 0.55 EPS for the current fiscal year.
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Banco Santander Company Profile
Banco Santander, SA is a retail and commercial bank. The Banks segments include Continental Europe, the United Kingdom, Latin America and the United States. The Continental Europe segment covers all businesses in the Continental Europe. The United Kingdom segment includes the businesses developed by various units and branches in the country.
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