SP Asset Management purchased a new stake in Banco Santander, S.A. (NYSE:SAN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 36,041 shares of the bank’s stock, valued at approximately $186,000.

Several other institutional investors have also bought and sold shares of the stock. Delpha Capital Management LLC purchased a new stake in Banco Santander during the first quarter worth $127,000. X Square Capital LLC lifted its position in shares of Banco Santander by 76.1% in the first quarter. X Square Capital LLC now owns 19,541 shares of the bank’s stock valued at $128,000 after acquiring an additional 8,445 shares in the last quarter. Premia Global Advisors LLC purchased a new stake in shares of Banco Santander in the first quarter valued at $130,000. Private Advisor Group LLC lifted its position in shares of Banco Santander by 253.5% in the second quarter. Private Advisor Group LLC now owns 25,152 shares of the bank’s stock valued at $134,000 after acquiring an additional 18,037 shares in the last quarter. Finally, Claraphi Advisory Network LLC purchased a new stake in shares of Banco Santander in the first quarter valued at $213,000. Hedge funds and other institutional investors own 1.57% of the company’s stock.

Several analysts have recently issued reports on SAN shares. Zacks Investment Research downgraded Banco Santander from a “hold” rating to a “sell” rating in a research report on Thursday, July 26th. Keefe, Bruyette & Woods downgraded Banco Santander from an “outperform” rating to a “hold” rating in a research report on Tuesday, October 2nd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. Banco Santander currently has an average rating of “Hold” and an average target price of $6.85.

Banco Santander stock traded down $0.02 during trading on Friday, hitting $4.89. The company’s stock had a trading volume of 6,767,170 shares, compared to its average volume of 7,298,983. The firm has a market capitalization of $80.20 billion, a P/E ratio of 9.40, a PEG ratio of 1.23 and a beta of 1.33. Banco Santander, S.A. has a 1-year low of $4.82 and a 1-year high of $7.57. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 4.25.

Banco Santander (NYSE:SAN) last released its earnings results on Wednesday, July 25th. The bank reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.01. The firm had revenue of $14.33 billion during the quarter. Banco Santander had a return on equity of 7.55% and a net margin of 13.97%. As a group, equities analysts predict that Banco Santander, S.A. will post 0.55 EPS for the current 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; 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.

See Also: Google Finance Portfolio Tips and Tricks

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

Receive News & Ratings for Banco Santander Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Santander and related companies with MarketBeat.com's FREE daily email newsletter.