Quattro Financial Advisors LLC Lowers Position in Banco Santander, S.A. (SAN)

Quattro Financial Advisors LLC lessened its stake in Banco Santander, S.A. (NYSE:SAN) by 13.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 90,633 shares of the bank’s stock after selling 13,591 shares during the quarter. Quattro Financial Advisors LLC’s holdings in Banco Santander were worth $601,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Paloma Partners Management Co bought a new stake in shares of Banco Santander in the 4th quarter worth approximately $118,000. Delpha Capital Management LLC bought a new stake in shares of Banco Santander in the 1st quarter worth approximately $127,000. X Square Capital LLC raised its holdings in shares of Banco Santander by 76.1% in the 1st 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 period. Banque Pictet & Cie SA bought a new stake in shares of Banco Santander in the 1st quarter worth approximately $130,000. Finally, Premia Global Advisors LLC bought a new stake in shares of Banco Santander in the 1st quarter worth approximately $130,000. 1.54% of the stock is currently owned by institutional investors.

A number of research firms recently weighed in on SAN. ValuEngine lowered shares of Banco Santander from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 6th. Zacks Investment Research upgraded shares of Banco Santander from a “sell” rating to a “hold” rating in a research note on Thursday, May 24th. Finally, Keefe, Bruyette & Woods upgraded shares of Banco Santander from a “market perform” rating to an “outperform” rating in a research note on Friday, March 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $6.85.

Banco Santander stock opened at $5.58 on Thursday. Banco Santander, S.A. has a 1-year low of $5.25 and a 1-year high of $7.57. The company has a market capitalization of $91.91 billion, a P/E ratio of 10.71 and a beta of 1.54. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 10.76.

Banco Santander (NYSE:SAN) last released its quarterly earnings data on Tuesday, April 24th. The bank reported $0.15 earnings per share for the quarter. Banco Santander had a net margin of 14.09% and a return on equity of 7.39%. The business had revenue of $14.93 billion during the quarter. sell-side analysts forecast that Banco Santander, S.A. will post 0.57 EPS for the current year.

Banco Santander Company Profile

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.

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

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