Toroso Investments LLC Trims Stock Position in Banco Santander SA (NYSE:SAN)

Toroso Investments LLC cut its holdings in shares of Banco Santander SA (NYSE:SAN) by 4.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 143,016 shares of the bank’s stock after selling 7,272 shares during the quarter. Toroso Investments LLC’s holdings in Banco Santander were worth $655,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Profund Advisors LLC lifted its position in Banco Santander by 1.4% during the second quarter. Profund Advisors LLC now owns 180,553 shares of the bank’s stock worth $827,000 after buying an additional 2,535 shares during the period. Cornerstone Advisors Inc. lifted its position in Banco Santander by 53.9% during the first quarter. Cornerstone Advisors Inc. now owns 7,473 shares of the bank’s stock worth $35,000 after buying an additional 2,616 shares during the period. Signaturefd LLC lifted its position in Banco Santander by 5.5% during the first quarter. Signaturefd LLC now owns 58,553 shares of the bank’s stock worth $271,000 after buying an additional 3,050 shares during the period. Hollencrest Capital Management lifted its position in Banco Santander by 20.6% during the second quarter. Hollencrest Capital Management now owns 19,416 shares of the bank’s stock worth $89,000 after buying an additional 3,323 shares during the period. Finally, Cetera Advisor Networks LLC lifted its position in Banco Santander by 36.1% during the second quarter. Cetera Advisor Networks LLC now owns 17,649 shares of the bank’s stock worth $83,000 after buying an additional 4,685 shares during the period. Hedge funds and other institutional investors own 1.75% of the company’s stock.

Several brokerages have commented on SAN. ValuEngine lowered Banco Santander from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 2nd. HSBC upgraded Banco Santander from a “reduce” rating to a “hold” rating in a research note on Wednesday, August 21st. Zacks Investment Research upgraded Banco Santander from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, UBS Group lowered Banco Santander from a “buy” rating to a “neutral” rating in a research note on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $5.75.



NYSE:SAN traded down $0.07 on Tuesday, hitting $3.91. 9,738,809 shares of the stock were exchanged, compared to its average volume of 10,057,147. The stock has a market cap of $64.54 billion, a PE ratio of 7.11 and a beta of 1.19. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 11.13. The stock has a fifty day moving average of $3.92 and a 200-day moving average of $4.47. Banco Santander SA has a fifty-two week low of $3.65 and a fifty-two week high of $5.33.

Banco Santander (NYSE:SAN) last announced its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.03). The firm had revenue of $13.88 billion for the quarter. Banco Santander had a return on equity of 7.27% and a net margin of 14.99%. As a group, analysts predict that Banco Santander SA will post 0.52 earnings per share for the current 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; mortgages, consumer finance, auto finance, and personal loans; export and agency finance, trade and working capital solutions, syndicated corporate loans, and structured financing; debt capital markets and global markets services; and debit and credit cards.

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

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