Tocqueville Asset Management L.P. lowered its holdings in Banco Santander, S.A. (NYSE:SAN) by 71.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 300,481 shares of the bank’s stock after selling 749,647 shares during the period. Tocqueville Asset Management L.P.’s holdings in Banco Santander were worth $1,965,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Wetherby Asset Management Inc. grew its holdings in Banco Santander by 5.1% in the 4th quarter. Wetherby Asset Management Inc. now owns 217,170 shares of the bank’s stock valued at $1,421,000 after buying an additional 10,602 shares during the last quarter. Scotia Capital Inc. grew its holdings in shares of Banco Santander by 27.3% during the 4th quarter. Scotia Capital Inc. now owns 50,320 shares of the bank’s stock worth $329,000 after purchasing an additional 10,799 shares in the last quarter. US Bancorp DE grew its holdings in shares of Banco Santander by 8.6% during the 4th quarter. US Bancorp DE now owns 141,720 shares of the bank’s stock worth $928,000 after purchasing an additional 11,171 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of Banco Santander by 59.6% during the 3rd quarter. Private Advisor Group LLC now owns 30,102 shares of the bank’s stock worth $206,000 after purchasing an additional 11,241 shares in the last quarter. Finally, Commonwealth Equity Services Inc grew its holdings in shares of Banco Santander by 4.5% during the 3rd quarter. Commonwealth Equity Services Inc now owns 310,710 shares of the bank’s stock worth $2,156,000 after purchasing an additional 13,392 shares in the last quarter. 1.24% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Banco Santander, S.A. (NYSE:SAN) opened at $6.78 on Monday. Banco Santander, S.A. has a fifty-two week low of $5.66 and a fifty-two week high of $7.57. The firm has a market capitalization of $108,755.09, a P/E ratio of 13.04, a PEG ratio of 1.28 and a beta of 1.51. The company has a current ratio of 1.36, a quick ratio of 1.38 and a debt-to-equity ratio of 3.82.
Several analysts have recently weighed in on SAN shares. Goldman Sachs Group raised Banco Santander from a “neutral” rating to a “buy” rating and set a $6.20 price objective on the stock in a report on Friday, November 24th. Zacks Investment Research lowered Banco Santander from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Finally, ValuEngine raised Banco Santander from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Banco Santander currently has a consensus rating of “Hold” and an average target price of $13.15.
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Banco Santander Profile
Banco Santander, SA is a retail and commercial bank. The Banks segments include Continental Europe, the United Kingdom, Latin America and the United States. The Continental Europe segment covers all businesses in the Continental Europe. The United Kingdom segment includes the businesses developed by various units and branches in the country.
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