PNC Financial Services Group Inc. Sells 1,329,555 Shares of Banco Santander, S.A. (NYSE:SAN)

PNC Financial Services Group Inc. lessened its stake in Banco Santander, S.A. (NYSE:SAN) by 73.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 491,675 shares of the bank’s stock after selling 1,329,555 shares during the period. PNC Financial Services Group Inc.’s holdings in Banco Santander were worth $2,036,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in SAN. Goldman Sachs Group Inc. grew its position in shares of Banco Santander by 6.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 15,786,825 shares of the bank’s stock valued at $65,357,000 after acquiring an additional 892,960 shares during the period. CIBC Private Wealth Group LLC grew its position in shares of Banco Santander by 41.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 14,148,083 shares of the bank’s stock valued at $58,699,000 after acquiring an additional 4,139,669 shares during the period. FMR LLC grew its position in shares of Banco Santander by 1.4% during the 3rd quarter. FMR LLC now owns 9,217,199 shares of the bank’s stock valued at $34,657,000 after acquiring an additional 124,106 shares during the period. Optiver Holding B.V. grew its position in shares of Banco Santander by 770.4% during the 3rd quarter. Optiver Holding B.V. now owns 7,722,405 shares of the bank’s stock valued at $29,036,000 after acquiring an additional 6,835,153 shares during the period. Finally, American Century Companies Inc. grew its position in shares of Banco Santander by 6.9% during the 3rd quarter. American Century Companies Inc. now owns 3,008,881 shares of the bank’s stock valued at $11,313,000 after acquiring an additional 193,323 shares during the period. Institutional investors own 9.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Banco Santander from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 12th. Barclays upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 25th.

Banco Santander Stock Down 0.3 %

SAN opened at $4.73 on Friday. The company has a debt-to-equity ratio of 13.96, a quick ratio of 0.35 and a current ratio of 2.27. Banco Santander, S.A. has a fifty-two week low of $3.32 and a fifty-two week high of $5.27. The firm’s fifty day moving average is $4.97 and its 200 day moving average is $4.49. The stock has a market cap of $74.78 billion, a price-to-earnings ratio of 6.56, a price-to-earnings-growth ratio of 0.40 and a beta of 1.17.

Banco Santander (NYSE:SAN) last released its earnings results on Tuesday, April 30th. The bank reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The firm had revenue of $16.34 billion for the quarter. Banco Santander had a net margin of 14.98% and a return on equity of 10.95%. On average, sell-side analysts forecast that Banco Santander, S.A. will post 0.82 earnings per share 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.