Blair William & Co. IL Lowers Stock Holdings in Banco Santander, S.A. (NYSE:SAN)

Blair William & Co. IL trimmed its position in Banco Santander, S.A. (NYSE:SAN) by 5.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,886 shares of the bank’s stock after selling 2,509 shares during the quarter. Blair William & Co. IL’s holdings in Banco Santander were worth $199,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SAN. Rothschild Investment LLC purchased a new stake in shares of Banco Santander in the second quarter worth about $33,000. Financial Management Professionals Inc. raised its stake in Banco Santander by 1,853.0% in the first quarter. Financial Management Professionals Inc. now owns 8,359 shares of the bank’s stock valued at $40,000 after purchasing an additional 7,931 shares in the last quarter. Sunpointe LLC purchased a new stake in Banco Santander in the fourth quarter valued at approximately $43,000. Planned Solutions Inc. purchased a new stake in Banco Santander in the second quarter valued at approximately $47,000. Finally, Norden Group LLC purchased a new stake in Banco Santander in the first quarter valued at approximately $52,000. 9.19% of the stock is owned by hedge funds and other institutional investors.

Banco Santander Price Performance

Shares of NYSE SAN opened at $5.13 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 capitalization of $81.19 billion, a P/E ratio of 7.13, a PEG ratio of 0.40 and a beta of 1.14. The firm’s 50 day simple moving average is $4.80 and its two-hundred day simple moving average is $4.83.

Banco Santander (NYSE:SAN) last issued its 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 net margin of 15.35% and a return on equity of 11.42%. The firm had revenue of $16.87 billion for the quarter. As a group, equities analysts expect that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SAN shares. StockNews.com downgraded shares of Banco Santander from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 22nd. UBS Group upgraded shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a research 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.