Banco Santander, S.A. (SAN) Holdings Cut by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 3.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 409,606 shares of the bank’s stock after selling 14,144 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Banco Santander were worth $2,187,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SAN. Delpha Capital Management LLC bought a new stake in shares of Banco Santander during the first quarter worth $127,000. X Square Capital LLC grew its holdings in shares of Banco Santander by 76.1% during the first quarter. X Square Capital LLC now owns 19,541 shares of the bank’s stock worth $128,000 after purchasing an additional 8,445 shares during the last quarter. Banque Pictet & Cie SA bought a new stake in shares of Banco Santander during the first quarter worth $130,000. Premia Global Advisors LLC bought a new stake in shares of Banco Santander during the first quarter worth $130,000. Finally, Private Advisor Group LLC grew its holdings in shares of Banco Santander by 253.5% during the second quarter. Private Advisor Group LLC now owns 25,152 shares of the bank’s stock worth $134,000 after purchasing an additional 18,037 shares during the last quarter. Hedge funds and other institutional investors own 1.58% of the company’s stock.

Several brokerages have recently commented on SAN. Zacks Investment Research upgraded Banco Santander from a “sell” rating to a “hold” rating in a report on Wednesday, August 29th. ValuEngine cut Banco Santander from a “hold” rating to a “sell” rating in a report on Tuesday, May 29th. Finally, HSBC upgraded Banco Santander from a “hold” rating to a “buy” rating in a report on Thursday, June 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Banco Santander currently has a consensus rating of “Hold” and an average target price of $6.85.



Banco Santander stock opened at $4.98 on Friday. The stock has a market capitalization of $78.76 billion, a P/E ratio of 9.58, a PEG ratio of 1.21 and a beta of 1.39. Banco Santander, S.A. has a 12-month low of $4.82 and a 12-month high of $7.57. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 4.25.

Banco Santander (NYSE:SAN) last posted its quarterly earnings results on Wednesday, July 25th. The bank reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01. The business had revenue of $14.33 billion for the quarter. Banco Santander had a return on equity of 7.55% and a net margin of 13.97%. equities analysts predict that Banco Santander, S.A. will post 0.55 earnings per share for the current fiscal year.

About Banco Santander

Banco Santander, SA, together with its subsidiaries, provides various retail and commercial banking products and services for individual and corporate clients worldwide. It offers demand and time deposits, and current and savings accounts; certificates of deposit; mortgages, auto finance, and personal loans; working capital finance; and debit and credit cards, as well as life and non-life insurance products.

Read More: Outstanding Shares

Institutional Ownership by Quarter for Banco Santander (NYSE:SAN)

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