Brighton Jones LLC Cuts Stake in Banco Santander, S.A. (NYSE:SAN)

Brighton Jones LLC decreased its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 37.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,304 shares of the bank’s stock after selling 6,690 shares during the period. Brighton Jones LLC’s holdings in Banco Santander were worth $52,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Jump Financial LLC purchased a new position in shares of Banco Santander in the 4th quarter worth $56,000. QRG Capital Management Inc. lifted its stake in shares of Banco Santander by 18.3% in the 1st quarter. QRG Capital Management Inc. now owns 1,316,066 shares of the bank’s stock valued at $6,370,000 after purchasing an additional 203,274 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in Banco Santander by 30.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 959,806 shares of the bank’s stock worth $3,974,000 after purchasing an additional 221,567 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Banco Santander in the fourth quarter valued at approximately $1,221,000. Finally, Teachers Retirement System of The State of Kentucky lifted its position in Banco Santander by 20.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 4,824,760 shares of the bank’s stock valued at $23,352,000 after buying an additional 834,200 shares in the last quarter. Institutional investors and hedge funds own 9.19% of the company’s stock.

Banco Santander Price Performance

Shares of SAN stock opened at $4.98 on Tuesday. The company’s fifty day moving average price is $4.79 and its two-hundred day moving average price is $4.83. The firm has a market capitalization of $78.81 billion, a P/E ratio of 6.92, a P/E/G ratio of 0.40 and a beta of 1.14. Banco Santander, S.A. has a 12 month low of $3.52 and a 12 month high of $5.27.

Banco Santander (NYSE:SAN) last issued its quarterly earnings results on Wednesday, July 24th. The bank reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. Banco Santander had a return on equity of 11.42% and a net margin of 15.35%. The firm had revenue of $16.87 billion during the quarter. On average, sell-side analysts anticipate that Banco Santander, S.A. will post 0.83 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SAN. StockNews.com cut Banco Santander from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 22nd. UBS Group upgraded Banco Santander from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 4th.

Banco Santander 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.