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

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Envestnet Asset Management Inc. lowered its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 3.3% during the second quarter, Holdings Channel reports. 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 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Delpha Capital Management LLC bought a new position in Banco Santander during the first quarter worth about $127,000. X Square Capital LLC boosted its holdings in 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 buying an additional 8,445 shares during the last quarter. Banque Pictet & Cie SA bought a new position in Banco Santander during the first quarter worth about $130,000. Premia Global Advisors LLC bought a new position in Banco Santander during the first quarter worth about $130,000. Finally, Private Advisor Group LLC boosted its holdings in 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 buying an additional 18,037 shares during the last quarter. Hedge funds and other institutional investors own 1.58% of the company’s stock.

A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded Banco Santander from a “sell” rating to a “hold” rating in a report on Thursday. HSBC upgraded Banco Santander from a “hold” rating to a “buy” rating in a report on Thursday, June 14th. Finally, ValuEngine cut Banco Santander from a “hold” rating to a “sell” rating in a report on Tuesday, May 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $6.85.

Shares of SAN opened at $4.98 on Friday. 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, S.A. has a 1 year low of $4.82 and a 1 year high of $7.57. The stock has a market cap of $78.76 billion, a price-to-earnings ratio of 9.58, a P/E/G ratio of 1.21 and a beta of 1.39.

Banco Santander (NYSE:SAN) last released its quarterly earnings results on Wednesday, July 25th. The bank reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01. The company 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 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.

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

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