Banco Santander SA (NYSE:SAN) Stock Holdings Lessened by Morgan Stanley

Morgan Stanley reduced its holdings in Banco Santander SA (NYSE:SAN) by 44.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 8,028,918 shares of the bank’s stock after selling 6,349,383 shares during the quarter. Morgan Stanley’s holdings in Banco Santander were worth $18,869,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Telemetry Investments L.L.C. bought a new position in shares of Banco Santander in the 1st quarter worth about $176,000. Wells Fargo & Company MN increased its holdings in shares of Banco Santander by 26.9% in the 1st quarter. Wells Fargo & Company MN now owns 839,757 shares of the bank’s stock worth $1,974,000 after acquiring an additional 177,906 shares during the period. Geode Capital Management LLC increased its holdings in shares of Banco Santander by 74.0% in the 1st quarter. Geode Capital Management LLC now owns 267,020 shares of the bank’s stock worth $627,000 after acquiring an additional 113,602 shares during the period. M&T Bank Corp increased its holdings in shares of Banco Santander by 89.2% in the 1st quarter. M&T Bank Corp now owns 335,008 shares of the bank’s stock worth $788,000 after acquiring an additional 157,907 shares during the period. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of Banco Santander by 43.7% in the 1st quarter. Parametric Portfolio Associates LLC now owns 12,918,812 shares of the bank’s stock worth $30,359,000 after acquiring an additional 3,930,568 shares during the period. Institutional investors own 1.64% of the company’s stock.

Several research firms have commented on SAN. Credit Suisse Group cut shares of Banco Santander from an “outperform” rating to a “neutral” rating in a research note on Thursday, June 18th. Zacks Investment Research cut shares of Banco Santander from a “buy” rating to a “hold” rating in a research note on Tuesday, June 9th. HSBC cut shares of Banco Santander from a “buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Royal Bank of Canada reissued an “outperform” rating on shares of Banco Santander in a research note on Monday, May 4th. Finally, ValuEngine raised shares of Banco Santander from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $42.00.

Shares of SAN opened at $2.41 on Wednesday. The firm’s 50 day moving average is $2.34 and its 200-day moving average is $3.07. The stock has a market capitalization of $39.37 billion, a P/E ratio of 8.03 and a beta of 1.11. Banco Santander SA has a 12-month low of $1.90 and a 12-month high of $4.74.

Banco Santander (NYSE:SAN) last announced its quarterly earnings data on Tuesday, April 28th. The bank reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $13.03 billion for the quarter. Banco Santander had a net margin of 10.23% and a return on equity of 7.52%. On average, equities research analysts forecast that Banco Santander SA will post 0.25 earnings per share for the current fiscal year.

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; 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.

Further Reading: What are Institutional Investors?

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

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