Banco Santander, S.A. (NYSE:SAN) Shares Bought by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lifted its position in shares of Banco Santander, S.A. (NYSE:SAN) 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.

Banco Santander (NYSE:SAN) last announced its quarterly earnings results on Wednesday, July 24th. The bank reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The business had revenue of $16.87 billion during the quarter. Banco Santander had a return on equity of 11.42% and a net margin of 15.35%. Analysts anticipate that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

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.

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.