Natixis Advisors LLC Sells 219,815 Shares of Banco Santander, S.A. $SAN

Natixis Advisors LLC decreased its holdings in Banco Santander, S.A. (NYSE:SAN) by 6.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,067,184 shares of the bank’s stock after selling 219,815 shares during the period. Natixis Advisors LLC’s holdings in Banco Santander were worth $35,978,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Eagle Bay Advisors LLC purchased a new stake in Banco Santander during the fourth quarter valued at about $31,000. Cullen Frost Bankers Inc. purchased a new position in shares of Banco Santander in the fourth quarter worth about $34,000. Binnacle Investments Inc lifted its stake in shares of Banco Santander by 96.2% in the 3rd quarter. Binnacle Investments Inc now owns 3,227 shares of the bank’s stock valued at $34,000 after acquiring an additional 1,582 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in Banco Santander by 11,752.0% during the 4th quarter. Sound Income Strategies LLC now owns 2,963 shares of the bank’s stock valued at $36,000 after acquiring an additional 2,938 shares during the period. Finally, Flagship Harbor Advisors LLC bought a new position in Banco Santander during the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Analysts Set New Price Targets

SAN has been the topic of several recent analyst reports. Morgan Stanley upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Monday, March 23rd. UBS Group reiterated a “buy” rating on shares of Banco Santander in a report on Monday, February 16th. Royal Bank Of Canada raised shares of Banco Santander from a “sector perform” rating to an “outperform” rating in a report on Monday, February 23rd. Weiss Ratings cut shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, May 8th. Finally, Wall Street Zen raised shares of Banco Santander from a “hold” rating to a “buy” rating in a research note on Sunday, April 26th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Banco Santander Trading Up 2.6%

Shares of Banco Santander stock opened at $12.48 on Friday. Banco Santander, S.A. has a 12 month low of $7.83 and a 12 month high of $13.24. The firm has a market capitalization of $183.25 billion, a P/E ratio of 10.31, a P/E/G ratio of 0.69 and a beta of 0.73. The business has a fifty day simple moving average of $12.02 and a two-hundred day simple moving average of $11.81.

Banco Santander (NYSE:SAN) last posted its quarterly earnings results on Wednesday, April 29th. The bank reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.02). Banco Santander had a return on equity of 12.23% and a net margin of 26.92%.The company had revenue of $17.53 billion during the quarter, compared to analysts’ expectations of $17.66 billion. Analysts predict that Banco Santander, S.A. will post 1.11 earnings per share for the current year.

Banco Santander Profile

Banco Santander, SA (NYSE: SAN) is a Spanish multinational banking group headquartered in Santander, Spain. Founded in 1857, the bank has grown from a regional institution into one of Europe’s largest banking groups, operating a diversified financial services platform that serves retail, small and medium-sized enterprises, and large corporate clients. Santander is publicly listed in Spain and maintains American Depositary Receipts on the New York Stock Exchange under the ticker SAN.

The group’s core activities include retail and commercial banking—offering deposit accounts, payment services, mortgages, personal and auto loans, and small business financing—alongside corporate and investment banking services for larger institutional clients.