Envestnet Asset Management Inc. Has $7.93 Million Stock Holdings in Banco Santander, S.A. (NYSE:SAN)

Envestnet Asset Management Inc. trimmed its position in shares of Banco Santander, S.A. (NYSE:SAN) by 19.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,184,064 shares of the bank’s stock after selling 288,601 shares during the period. Envestnet Asset Management Inc.’s holdings in Banco Santander were worth $7,933,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its holdings in shares of Banco Santander by 7.0% in the 1st quarter. Bank of New York Mellon Corp now owns 715,939 shares of the bank’s stock worth $4,797,000 after acquiring an additional 47,000 shares in the last quarter. Wayfinding Financial LLC bought a new position in Banco Santander in the 1st quarter valued at $28,000. Checchi Capital Advisers LLC boosted its position in Banco Santander by 19.9% in the 1st quarter. Checchi Capital Advisers LLC now owns 66,915 shares of the bank’s stock valued at $448,000 after buying an additional 11,086 shares during the last quarter. Strategic Financial Concepts LLC boosted its position in Banco Santander by 139.7% in the 1st quarter. Strategic Financial Concepts LLC now owns 32,765 shares of the bank’s stock valued at $220,000 after buying an additional 19,095 shares during the last quarter. Finally, Aaron Wealth Advisors LLC boosted its position in Banco Santander by 5.3% in the 1st quarter. Aaron Wealth Advisors LLC now owns 114,943 shares of the bank’s stock valued at $770,000 after buying an additional 5,759 shares during the last quarter. 9.19% of the stock is currently owned by institutional investors.

Banco Santander Trading Up 0.5%

Shares of SAN opened at $8.49 on Tuesday. The stock has a market capitalization of $126.30 billion, a P/E ratio of 9.75, a price-to-earnings-growth ratio of 0.94 and a beta of 0.99. The firm’s fifty day simple moving average is $8.11 and its two-hundred day simple moving average is $6.84. Banco Santander, S.A. has a 12 month low of $4.27 and a 12 month high of $8.90.

Banco Santander (NYSE:SAN) last announced its quarterly earnings results on Wednesday, April 30th. The bank reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. Banco Santander had a net margin of 16.92% and a return on equity of 12.26%. The business had revenue of $17.69 billion for the quarter, compared to analysts’ expectations of $15.94 billion. As a group, research analysts predict that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Analysts Set New Price Targets

SAN has been the topic of several research analyst reports. Citigroup initiated coverage on Banco Santander in a research note on Wednesday, June 4th. They set a “buy” rating on the stock. Wall Street Zen raised Banco Santander from a “hold” rating to a “buy” rating in a research note on Tuesday, May 13th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

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.