Oppenheimer Asset Management Inc. Has $1.93 Million Position in Banco Santander, S.A. (NYSE:SAN)

Oppenheimer Asset Management Inc. decreased its position in Banco Santander, S.A. (NYSE:SAN) by 13.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 415,763 shares of the bank’s stock after selling 63,670 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Banco Santander were worth $1,925,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. CIBC Private Wealth Group LLC grew its stake in Banco Santander by 41.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 14,148,083 shares of the bank’s stock worth $58,699,000 after buying an additional 4,139,669 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Banco Santander by 658.7% during the 4th quarter. BNP Paribas Financial Markets now owns 1,072,836 shares of the bank’s stock valued at $4,442,000 after purchasing an additional 931,429 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Banco Santander by 6.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 15,786,825 shares of the bank’s stock worth $65,357,000 after purchasing an additional 892,960 shares in the last quarter. RWA Wealth Partners LLC grew its holdings in shares of Banco Santander by 106.2% during the first quarter. RWA Wealth Partners LLC now owns 1,691,945 shares of the bank’s stock worth $8,189,000 after purchasing an additional 871,446 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its stake in shares of Banco Santander by 20.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 4,824,760 shares of the bank’s stock valued at $23,352,000 after buying an additional 834,200 shares in the last quarter. Institutional investors and hedge funds own 9.19% of the company’s stock.

Banco Santander Stock Up 0.5 %

Shares of SAN stock opened at $5.00 on Wednesday. The firm has a market cap of $79.05 billion, a price-to-earnings ratio of 6.94, a PEG ratio of 0.38 and a beta of 1.14. Banco Santander, S.A. has a 12 month low of $3.52 and a 12 month high of $5.27. The stock has a 50-day moving average price of $4.77 and a 200 day moving average price of $4.80.

Banco Santander (NYSE:SAN) last posted its quarterly earnings results on Wednesday, July 24th. The bank reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. Banco Santander had a net margin of 15.35% and a return on equity of 11.42%. The business had revenue of $16.87 billion during the quarter. Sell-side analysts predict that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. StockNews.com lowered shares of Banco Santander from a “strong-buy” rating to a “buy” rating in a report 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.

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.