Banco Santander, S.A. $SAN Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC reduced its position in shares of Banco Santander, S.A. (NYSE:SAN) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,983,771 shares of the bank’s stock after selling 150,129 shares during the period. Clearbridge Investments LLC owned about 0.06% of Banco Santander worth $105,380,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SAN. CIBC Bancorp USA Inc. purchased a new stake in shares of Banco Santander during the 3rd quarter worth $93,811,000. Lazard Asset Management LLC lifted its position in shares of Banco Santander by 2,038,075.5% during the 2nd quarter. Lazard Asset Management LLC now owns 7,643,158 shares of the bank’s stock worth $63,438,000 after purchasing an additional 7,642,783 shares during the last quarter. Capital International Investors lifted its position in shares of Banco Santander by 67.5% during the 3rd quarter. Capital International Investors now owns 14,529,024 shares of the bank’s stock worth $149,504,000 after purchasing an additional 5,856,034 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of Banco Santander by 225.3% during the 3rd quarter. Raymond James Financial Inc. now owns 4,100,768 shares of the bank’s stock worth $42,976,000 after purchasing an additional 2,840,145 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Banco Santander by 85.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 5,552,931 shares of the bank’s stock worth $58,195,000 after purchasing an additional 2,551,675 shares during the last quarter. 9.19% of the stock is owned by hedge funds and other institutional investors.

Banco Santander Stock Performance

Shares of NYSE:SAN opened at $12.17 on Tuesday. The company has a 50-day simple moving average of $12.06 and a 200-day simple moving average of $11.83. Banco Santander, S.A. has a one year low of $7.83 and a one year high of $13.24. The stock has a market capitalization of $178.70 billion, a price-to-earnings ratio of 10.05, a PEG ratio of 0.69 and a beta of 0.73.

Banco Santander (NYSE:SAN) last announced its earnings results on Wednesday, April 29th. The bank reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). Banco Santander had a net margin of 26.92% and a return on equity of 12.23%. The business had revenue of $17.53 billion during the quarter, compared to analysts’ expectations of $17.66 billion. As a group, research analysts forecast that Banco Santander, S.A. will post 1.11 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SAN shares. 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. Wall Street Zen raised shares of Banco Santander from a “hold” rating to a “buy” rating in a research report on Sunday, April 26th. Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 23rd. Royal Bank Of Canada raised shares of Banco Santander from a “sector perform” rating to an “outperform” rating in a research report on Monday, February 23rd. Finally, UBS Group reissued a “buy” rating on shares of Banco Santander in a research report on Monday, February 16th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

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.