Legacy Financial Advisors Inc. Has $229,000 Stake in Banco Santander, S.A. (NYSE:SAN)

Legacy Financial Advisors Inc. lessened its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 8.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,504 shares of the bank’s stock after selling 4,331 shares during the period. Legacy Financial Advisors Inc.’s holdings in Banco Santander were worth $229,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of SAN. Rothschild Investment LLC bought a new position in Banco Santander during the 2nd quarter worth about $33,000. Financial Management Professionals Inc. grew its holdings in shares of Banco Santander by 1,853.0% during the first quarter. Financial Management Professionals Inc. now owns 8,359 shares of the bank’s stock worth $40,000 after buying an additional 7,931 shares in the last quarter. Principal Securities Inc. acquired a new stake in Banco Santander in the 4th quarter valued at approximately $35,000. Planned Solutions Inc. bought a new stake in Banco Santander in the 2nd quarter valued at approximately $47,000. Finally, Coldstream Capital Management Inc. acquired a new position in Banco Santander during the 4th quarter worth approximately $42,000. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Banco Santander Stock Down 0.8 %

SAN stock opened at $5.08 on Monday. The company has a market cap of $80.39 billion, a price-to-earnings ratio of 7.06, a P/E/G ratio of 0.40 and a beta of 1.14. Banco Santander, S.A. has a twelve month low of $3.52 and a twelve month high of $5.27. The business has a 50 day moving average price of $4.79 and a two-hundred day moving average price of $4.82.

Banco Santander (NYSE:SAN) last released its earnings results on Wednesday, July 24th. The bank reported $0.22 earnings per share for the quarter, meeting the consensus estimate 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. On average, equities research analysts anticipate that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Banco Santander Company 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.