Moloney Securities Asset Management LLC Raises Stock Holdings in Banco Santander SA (NYSE:SAN)

Moloney Securities Asset Management LLC grew its stake in Banco Santander SA (NYSE:SAN) by 45.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,242 shares of the bank’s stock after acquiring an additional 17,327 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Banco Santander were worth $253,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Enterprise Financial Services Corp lifted its position in Banco Santander by 85.6% during the first quarter. Enterprise Financial Services Corp now owns 5,370 shares of the bank’s stock worth $25,000 after buying an additional 2,477 shares during the period. Steward Partners Investment Advisory LLC purchased a new position in Banco Santander during the second quarter worth about $29,000. Cornerstone Advisors Inc. lifted its position in Banco Santander by 53.9% during the first quarter. Cornerstone Advisors Inc. now owns 7,473 shares of the bank’s stock worth $35,000 after buying an additional 2,616 shares during the period. Harvest Group Wealth Management LLC purchased a new position in Banco Santander during the first quarter worth about $38,000. Finally, Howland Capital Management LLC purchased a new position in Banco Santander during the first quarter worth about $46,000. Institutional investors and hedge funds own 1.72% of the company’s stock.

Several research firms recently weighed in on SAN. UBS Group downgraded Banco Santander from a “buy” rating to a “neutral” rating in a research report on Thursday, July 18th. Zacks Investment Research upgraded Banco Santander from a “sell” rating to a “hold” rating in a report on Saturday, July 27th. Finally, ValuEngine downgraded Banco Santander from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $5.75.

Shares of Banco Santander stock traded down $0.04 during trading hours on Friday, reaching $4.02. The stock had a trading volume of 12,129,828 shares, compared to its average volume of 10,494,796. The business’s 50 day simple moving average is $4.46. The firm has a market capitalization of $65.12 billion, a price-to-earnings ratio of 7.31 and a beta of 1.14. The company has a debt-to-equity ratio of 11.13, a current ratio of 2.08 and a quick ratio of 2.08. Banco Santander SA has a 1 year low of $3.96 and a 1 year high of $5.43.

Banco Santander (NYSE:SAN) last released its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). The firm had revenue of $13.88 billion during the quarter. Banco Santander had a return on equity of 7.27% and a net margin of 14.99%. On average, equities analysts predict that Banco Santander SA will post 0.54 earnings per share for the current fiscal year.

Banco Santander Profile

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; mortgages, consumer finance, auto finance, and personal loans; export and agency finance, trade and working capital solutions, syndicated corporate loans, and structured financing; debt capital markets and global markets services; and debit and credit cards.

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

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