Jane Street Group LLC Boosts Holdings in Banco Santander, S.A. (SAN)
Jane Street Group LLC grew its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 2,494.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,019,956 shares of the bank’s stock after purchasing an additional 980,636 shares during the quarter. Jane Street Group LLC’s holdings in Banco Santander were worth $5,472,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Delpha Capital Management LLC purchased a new stake in shares of Banco Santander during the first quarter valued at approximately $127,000. X Square Capital LLC boosted its stake in shares of Banco Santander by 76.1% during the first quarter. X Square Capital LLC now owns 19,541 shares of the bank’s stock valued at $128,000 after purchasing an additional 8,445 shares during the period. Premia Global Advisors LLC purchased a new stake in shares of Banco Santander during the first quarter valued at approximately $130,000. Private Advisor Group LLC boosted its stake in shares of Banco Santander by 253.5% during the second quarter. Private Advisor Group LLC now owns 25,152 shares of the bank’s stock valued at $134,000 after purchasing an additional 18,037 shares during the period. Finally, Summit Trail Advisors LLC boosted its stake in shares of Banco Santander by 540.4% during the first quarter. Summit Trail Advisors LLC now owns 179,064 shares of the bank’s stock valued at $179,000 after purchasing an additional 151,103 shares during the period. 1.57% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently weighed in on the company. Zacks Investment Research lowered Banco Santander from a “hold” rating to a “sell” rating in a research note on Thursday, July 26th. Keefe, Bruyette & Woods lowered Banco Santander from an “outperform” rating to a “hold” rating in a research note on Tuesday, October 2nd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. Banco Santander has an average rating of “Hold” and an average target price of $6.85.
Banco Santander (NYSE:SAN) last announced its quarterly earnings results on Wednesday, July 25th. The bank reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. Banco Santander had a return on equity of 7.55% and a net margin of 13.97%. The company had revenue of $14.33 billion during the quarter. Equities research analysts anticipate that Banco Santander, S.A. will post 0.55 earnings per share 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.
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