Banco Santander, S.A. (NYSE:SAN) Shares Bought by Financial Counselors Inc.

Financial Counselors Inc. grew its stake in Banco Santander, S.A. (NYSE:SAN) by 5.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 88,042 shares of the bank’s stock after purchasing an additional 4,721 shares during the period. Financial Counselors Inc.’s holdings in Banco Santander were worth $408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Jump Financial LLC acquired a new position in Banco Santander in the 4th quarter valued at about $56,000. QRG Capital Management Inc. grew its holdings in shares of Banco Santander by 18.3% during the 1st quarter. QRG Capital Management Inc. now owns 1,316,066 shares of the bank’s stock worth $6,370,000 after purchasing an additional 203,274 shares during the period. Natixis Advisors L.P. raised its holdings in Banco Santander by 19.1% in the 4th quarter. Natixis Advisors L.P. now owns 1,106,340 shares of the bank’s stock valued at $4,579,000 after buying an additional 177,692 shares during the period. Oppenheimer & Co. Inc. lifted its position in Banco Santander by 30.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 959,806 shares of the bank’s stock valued at $3,974,000 after buying an additional 221,567 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Banco Santander during the fourth quarter worth about $1,221,000. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut Banco Santander from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 22nd.

Banco Santander Trading Up 0.3 %

Banco Santander stock opened at $4.82 on Thursday. The company has a fifty day simple moving average of $4.75 and a 200-day simple moving average of $4.75. The stock has a market cap of $76.20 billion, a P/E ratio of 6.69, a price-to-earnings-growth ratio of 0.40 and a beta of 1.14. Banco Santander, S.A. has a 12-month low of $3.52 and a 12-month high of $5.27.

Banco Santander (NYSE:SAN) last released its quarterly earnings data on Wednesday, July 24th. The bank reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. Banco Santander had a net margin of 15.35% and a return on equity of 11.42%. The company had revenue of $16.87 billion for the quarter. As a group, sell-side analysts forecast that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Banco Santander Profile

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.