Banco Santander, S.A. (NYSE:SAN) Shares Sold by Impact Capital Partners LLC

Impact Capital Partners LLC cut its stake in Banco Santander, S.A. (NYSE:SAN) by 15.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,179 shares of the bank’s stock after selling 2,688 shares during the quarter. Impact Capital Partners LLC’s holdings in Banco Santander were worth $102,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Atria Investments Inc increased its stake in shares of Banco Santander by 7.1% in the 4th quarter. Atria Investments Inc now owns 28,990 shares of the bank’s stock worth $132,000 after acquiring an additional 1,917 shares during the last quarter. WealthCollab LLC increased its stake in shares of Banco Santander by 35.1% in the 4th quarter. WealthCollab LLC now owns 7,801 shares of the bank’s stock worth $36,000 after acquiring an additional 2,028 shares during the last quarter. Principal Securities Inc. increased its position in shares of Banco Santander by 13.4% during the 4th quarter. Principal Securities Inc. now owns 17,230 shares of the bank’s stock worth $79,000 after purchasing an additional 2,032 shares during the last quarter. Huntington National Bank increased its position in shares of Banco Santander by 14.0% during the 4th quarter. Huntington National Bank now owns 19,459 shares of the bank’s stock worth $89,000 after purchasing an additional 2,393 shares during the last quarter. Finally, PDS Planning Inc increased its position in shares of Banco Santander by 5.3% during the 4th quarter. PDS Planning Inc now owns 53,149 shares of the bank’s stock worth $242,000 after purchasing an additional 2,670 shares during the last quarter. 9.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. The Goldman Sachs Group downgraded Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods raised Banco Santander from a “hold” rating to a “moderate buy” rating in a research report on Monday, February 24th. Wall Street Zen raised Banco Santander from a “hold” rating to a “buy” rating in a research report on Tuesday, May 13th. Finally, Citigroup assumed coverage on Banco Santander in a research report on Wednesday. They set a “buy” rating for the company. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy”.

Banco Santander Stock Performance

Shares of Banco Santander stock opened at $8.04 on Friday. The business has a 50-day moving average of $7.20 and a 200 day moving average of $6.07. Banco Santander, S.A. has a 12 month low of $4.27 and a 12 month high of $8.08. The stock has a market capitalization of $121.83 billion, a price-to-earnings ratio of 9.69, a price-to-earnings-growth ratio of 0.77 and a beta of 1.00. The company has a debt-to-equity ratio of 13.83, a current ratio of 2.24 and a quick ratio of 0.23.

Banco Santander (NYSE:SAN) last announced its earnings results on Wednesday, April 30th. The bank reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. Banco Santander had a return on equity of 11.90% and a net margin of 15.88%. The company had revenue of $17.69 billion during the quarter, compared to analysts’ expectations of $15.94 billion. As a group, sell-side analysts forecast that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Banco Santander Company 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.