Oppenheimer & Co. Inc. Sells 105,986 Shares of Banco Santander, S.A. (NYSE:SAN)

Oppenheimer & Co. Inc. lessened its position in Banco Santander, S.A. (NYSE:SAN) by 63.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,798 shares of the bank’s stock after selling 105,986 shares during the period. Oppenheimer & Co. Inc.’s holdings in Banco Santander were worth $282,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. R Squared Ltd bought a new stake in shares of Banco Santander during the 4th quarter worth about $27,000. Sierra Ocean LLC bought a new stake in Banco Santander in the 4th quarter valued at about $32,000. Advisors Preferred LLC bought a new stake in Banco Santander in the 4th quarter valued at about $37,000. Wilmington Savings Fund Society FSB bought a new stake in Banco Santander in the 3rd quarter valued at about $45,000. Finally, CogentBlue Wealth Advisors LLC bought a new stake in Banco Santander in the 4th quarter valued at about $50,000. Institutional investors own 9.19% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on SAN shares. The Goldman Sachs Group downgraded shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Keefe, Bruyette & Woods raised shares of Banco Santander from a “hold” rating to a “moderate buy” rating in a report on Monday, February 24th. Morgan Stanley upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, November 26th. Finally, StockNews.com upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Banco Santander has a consensus rating of “Buy”.

Banco Santander Price Performance

Shares of NYSE:SAN opened at $6.77 on Friday. The firm has a 50 day moving average of $5.43 and a 200-day moving average of $5.05. The stock has a market capitalization of $102.51 billion, a PE ratio of 8.15, a PEG ratio of 0.77 and a beta of 1.09. The company has a current ratio of 2.24, a quick ratio of 0.23 and a debt-to-equity ratio of 13.83. Banco Santander, S.A. has a 12 month low of $4.27 and a 12 month high of $6.83.

Banco Santander (NYSE:SAN) last released its quarterly earnings data on Wednesday, February 5th. The bank reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. Banco Santander had a net margin of 15.88% and a return on equity of 11.90%. On average, equities research analysts predict that Banco Santander, S.A. will post 0.83 EPS for the current fiscal 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.