J.W. Cole Advisors Inc. Has $46,000 Stock Position in Banco Santander, S.A. (NYSE:SAN)

J.W. Cole Advisors Inc. grew its position in Banco Santander, S.A. (NYSE:SANGet Rating) by 37.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 19,752 shares of the bank’s stock after acquiring an additional 5,364 shares during the period. J.W. Cole Advisors Inc.’s holdings in Banco Santander were worth $46,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership grew its holdings in shares of Banco Santander by 87.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 10,708,245 shares of the bank’s stock worth $36,194,000 after purchasing an additional 4,999,413 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Banco Santander by 37.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 13,999,050 shares of the bank’s stock valued at $47,316,000 after acquiring an additional 3,805,547 shares during the period. Jane Street Group LLC raised its stake in shares of Banco Santander by 116.0% during the first quarter. Jane Street Group LLC now owns 6,417,059 shares of the bank’s stock valued at $21,690,000 after acquiring an additional 3,445,757 shares during the last quarter. Credit Suisse AG lifted its holdings in shares of Banco Santander by 56.9% during the second quarter. Credit Suisse AG now owns 4,245,367 shares of the bank’s stock worth $11,908,000 after purchasing an additional 1,539,099 shares during the period. Finally, BlackRock Inc. increased its holdings in Banco Santander by 42.4% in the first quarter. BlackRock Inc. now owns 5,060,523 shares of the bank’s stock valued at $17,105,000 after purchasing an additional 1,507,629 shares during the period. Institutional investors own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on SAN. Citigroup upgraded Banco Santander from a “neutral” rating to a “buy” rating and upped their price target for the company from €3.20 ($3.48) to €3.50 ($3.80) in a research report on Tuesday, September 27th. StockNews.com upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a research report on Friday, October 28th. JPMorgan Chase & Co. increased their price objective on shares of Banco Santander from €3.50 ($3.80) to €3.60 ($3.91) in a research report on Wednesday, December 7th. Finally, Credit Suisse Group boosted their target price on shares of Banco Santander from €4.00 ($4.35) to €4.10 ($4.46) in a report on Monday, October 10th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Banco Santander currently has an average rating of “Moderate Buy” and an average price target of $3.94.

Banco Santander Price Performance

Shares of SAN opened at $3.37 on Tuesday. The stock has a 50-day moving average of $2.93 and a 200-day moving average of $2.66. Banco Santander, S.A. has a one year low of $2.26 and a one year high of $4.01. The company has a market cap of $56.60 billion, a PE ratio of 5.81 and a beta of 1.12.

Banco Santander (NYSE:SANGet Rating) last announced its quarterly earnings data on Wednesday, October 26th. The bank reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Banco Santander had a return on equity of 9.67% and a net margin of 19.08%. The firm had revenue of $13.58 billion during the quarter, compared to analysts’ expectations of $12.90 billion. Analysts expect that Banco Santander, S.A. will post 0.56 EPS for the current fiscal year.

About Banco Santander

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Banco Santander, SA provides various retail and commercial banking products and services to individuals, small and medium-sized enterprises, and large companies worldwide. It offers demand and time deposits, and current and savings accounts; mortgages, consumer finance, syndicated corporate loans, structured financing, cash management, export and agency finance, trade and working capital solutions, and corporate finance; and insurance products.

Further Reading

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

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