Banco Santander, S.A. (NYSE:SAN) Holdings Decreased by Wedbush Securities Inc.

Wedbush Securities Inc. trimmed its position in Banco Santander, S.A. (NYSE:SAN) by 55.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,394 shares of the bank’s stock after selling 54,696 shares during the quarter. Wedbush Securities Inc.’s holdings in Banco Santander were worth $206,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Ballentine Partners LLC increased its holdings in shares of Banco Santander by 32.2% in the 2nd quarter. Ballentine Partners LLC now owns 123,219 shares of the bank’s stock valued at $571,000 after acquiring an additional 30,045 shares during the last quarter. Caprock Group LLC increased its holdings in shares of Banco Santander by 47.2% in the 2nd quarter. Caprock Group LLC now owns 154,026 shares of the bank’s stock valued at $713,000 after acquiring an additional 49,379 shares during the last quarter. Gallacher Capital Management LLC increased its holdings in shares of Banco Santander by 3.6% in the 2nd quarter. Gallacher Capital Management LLC now owns 100,616 shares of the bank’s stock valued at $466,000 after acquiring an additional 3,451 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Banco Santander by 4.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 58,130 shares of the bank’s stock valued at $269,000 after acquiring an additional 2,433 shares during the last quarter. Finally, Naviter Wealth LLC increased its holdings in shares of Banco Santander by 7.1% in the 2nd quarter. Naviter Wealth LLC now owns 337,415 shares of the bank’s stock valued at $1,562,000 after acquiring an additional 22,303 shares during the last quarter. 9.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SAN has been the subject of a number of recent research reports. StockNews.com downgraded Banco Santander from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 22nd. UBS Group upgraded Banco Santander from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 4th.

Banco Santander Price Performance

Shares of SAN opened at $4.89 on Monday. Banco Santander, S.A. has a 12 month low of $3.52 and a 12 month high of $5.27. The company has a market cap of $77.39 billion, a P/E ratio of 6.79, a PEG ratio of 0.38 and a beta of 1.14. The stock has a fifty day moving average price of $4.76 and a 200 day moving average price of $4.79.

Banco Santander (NYSE:SAN) last released its quarterly earnings results on Wednesday, July 24th. The bank reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. Banco Santander had a return on equity of 11.42% and a net margin of 15.35%. The company had revenue of $16.87 billion during the quarter. As a group, research analysts anticipate that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

About Banco Santander

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.