Blue Trust Inc. Sells 96,198 Shares of Banco Santander, S.A. (NYSE:SAN)

Blue Trust Inc. trimmed its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 91.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,382 shares of the bank’s stock after selling 96,198 shares during the quarter. Blue Trust Inc.’s holdings in Banco Santander were worth $43,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James & Associates increased its position in shares of Banco Santander by 2.1% during the third quarter. Raymond James & Associates now owns 561,559 shares of the bank’s stock valued at $2,864,000 after buying an additional 11,449 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Banco Santander by 51.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 94,293 shares of the bank’s stock worth $481,000 after acquiring an additional 31,978 shares during the period. Private Advisor Group LLC lifted its stake in Banco Santander by 16.1% in the 3rd quarter. Private Advisor Group LLC now owns 85,632 shares of the bank’s stock worth $437,000 after purchasing an additional 11,866 shares in the last quarter. First Trust Direct Indexing L.P. boosted its holdings in Banco Santander by 1.3% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 441,323 shares of the bank’s stock valued at $2,251,000 after purchasing an additional 5,602 shares during the period. Finally, US Bancorp DE grew its position in shares of Banco Santander by 6.9% during the 3rd quarter. US Bancorp DE now owns 438,070 shares of the bank’s stock valued at $2,234,000 after purchasing an additional 28,350 shares in the last quarter. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Banco Santander Trading Up 2.0 %

NYSE SAN opened at $6.45 on Thursday. The stock’s 50-day simple moving average is $5.15 and its two-hundred day simple moving average is $4.96. Banco Santander, S.A. has a twelve month low of $4.07 and a twelve month high of $6.50. The company has a quick ratio of 0.23, a current ratio of 2.24 and a debt-to-equity ratio of 13.83. The company has a market capitalization of $97.66 billion, a price-to-earnings ratio of 7.77, a PEG ratio of 0.77 and a beta of 1.12.

Banco Santander (NYSE:SAN) last issued its earnings results on Wednesday, February 5th. The bank reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. Banco Santander had a return on equity of 11.90% and a net margin of 15.88%. Research analysts forecast that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SAN has been the subject of several research analyst reports. Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods raised Banco Santander from a “hold” rating to a “moderate buy” rating in a report on Monday. StockNews.com raised shares of Banco Santander from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group cut shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Banco Santander 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.