Vanguard Personalized Indexing Management LLC lifted its position in shares of Banco Santander, S.A. (NYSE:SAN – Free Report) by 10.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 485,817 shares of the bank’s stock after acquiring an additional 46,754 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Banco Santander were worth $2,244,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Rothschild Investment LLC acquired a new stake in shares of Banco Santander during the second quarter valued at $33,000. Financial Management Professionals Inc. increased its position in shares of Banco Santander by 1,853.0% in the first quarter. Financial Management Professionals Inc. now owns 8,359 shares of the bank’s stock worth $40,000 after acquiring an additional 7,931 shares in the last quarter. Principal Securities Inc. purchased a new position in Banco Santander in the fourth quarter valued at about $35,000. Planned Solutions Inc. acquired a new position in Banco Santander during the 2nd quarter worth approximately $47,000. Finally, Coldstream Capital Management Inc. purchased a new position in shares of Banco Santander in the fourth quarter valued at $42,000. Institutional investors and hedge funds own 9.19% of the company’s stock.
Banco Santander Price Performance
Shares of SAN opened at $5.08 on Friday. Banco Santander, S.A. has a one year low of $3.52 and a one year high of $5.27. The stock has a market cap of $80.31 billion, a price-to-earnings ratio of 7.05, a PEG ratio of 0.40 and a beta of 1.14. The company has a 50-day moving average of $4.79 and a two-hundred day moving average of $4.81.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on SAN. UBS Group raised shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 4th. StockNews.com downgraded shares of Banco Santander from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 22nd.
Get Our Latest Research Report on SAN
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.
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