Russell Investments Group Ltd. Raises Position in Banco Santander, S.A. (SAN)

Russell Investments Group Ltd. boosted its holdings in Banco Santander, S.A. (NYSE:SAN) by 229.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 923,101 shares of the bank’s stock after buying an additional 643,265 shares during the quarter. Russell Investments Group Ltd.’s holdings in Banco Santander were worth $4,665,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SAN. Private Advisor Group LLC increased its position in Banco Santander by 253.5% during the 2nd quarter. Private Advisor Group LLC now owns 25,152 shares of the bank’s stock valued at $134,000 after purchasing an additional 18,037 shares during the period. Harrington Investments INC grew its position in shares of Banco Santander by 53.0% during the 3rd quarter. Harrington Investments INC now owns 35,555 shares of the bank’s stock worth $178,000 after buying an additional 12,310 shares during the period. SP Asset Management acquired a new stake in shares of Banco Santander during the 2nd quarter worth approximately $186,000. Intrust Bank NA grew its position in shares of Banco Santander by 153.2% during the 2nd quarter. Intrust Bank NA now owns 35,384 shares of the bank’s stock worth $189,000 after buying an additional 21,410 shares during the period. Finally, Engineers Gate Manager LP acquired a new stake in shares of Banco Santander during the 2nd quarter worth approximately $196,000. Institutional investors and hedge funds own 1.62% of the company’s stock.

Several analysts have recently commented on the stock. Zacks Investment Research raised shares of Banco Santander from a “sell” rating to a “hold” rating in a research report on Thursday, September 13th. ValuEngine raised shares of Banco Santander from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 1st. Finally, Keefe, Bruyette & Woods downgraded shares of Banco Santander from an “outperform” rating to a “hold” rating in a research report on Tuesday, October 2nd.

Shares of SAN stock opened at $4.65 on Monday. The company has a market cap of $74.59 billion, a PE ratio of 8.94, a P/E/G ratio of 1.11 and a beta of 1.18. Banco Santander, S.A. has a 52 week low of $4.50 and a 52 week high of $7.57. The company has a debt-to-equity ratio of 4.01, a current ratio of 1.42 and a quick ratio of 1.42.

Banco Santander (NYSE:SAN) last announced its quarterly earnings data on Wednesday, October 31st. The bank reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). The company had revenue of $13.63 billion for the quarter. Banco Santander had a return on equity of 7.62% and a net margin of 15.20%. On average, sell-side analysts expect that Banco Santander, S.A. will post 0.56 earnings per share for the current fiscal year.

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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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