Northern Trust Corp Sells 568,732 Shares of Banco Santander SA (SAN)

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Northern Trust Corp reduced its stake in Banco Santander SA (NYSE:SAN) by 3.2% during the fourth quarter, Holdings Channel reports. The fund owned 17,169,451 shares of the bank’s stock after selling 568,732 shares during the period. Northern Trust Corp’s holdings in Banco Santander were worth $76,919,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SAN. Morgan Stanley boosted its position in shares of Banco Santander by 203.4% during the third quarter. Morgan Stanley now owns 11,298,422 shares of the bank’s stock valued at $56,493,000 after buying an additional 7,574,610 shares during the last quarter. Fisher Asset Management LLC boosted its position in shares of Banco Santander by 3.4% during the fourth quarter. Fisher Asset Management LLC now owns 98,197,077 shares of the bank’s stock valued at $439,923,000 after buying an additional 3,262,951 shares during the last quarter. Macquarie Group Ltd. boosted its position in shares of Banco Santander by 30.9% during the third quarter. Macquarie Group Ltd. now owns 10,054,991 shares of the bank’s stock valued at $50,275,000 after buying an additional 2,372,931 shares during the last quarter. SPX Equities Gestao de Recursos Ltda purchased a new stake in shares of Banco Santander during the fourth quarter valued at $7,179,000. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Banco Santander during the fourth quarter valued at $3,136,000. 1.86% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently commented on SAN shares. Goldman Sachs Group raised Banco Santander to a “buy” rating and set a $6.00 price objective on the stock in a research report on Saturday, February 9th. TheStreet cut Banco Santander from an “a-” rating to a “d” rating in a research report on Thursday, February 7th. ValuEngine raised Banco Santander from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Zacks Investment Research raised Banco Santander from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st. Finally, Royal Bank of Canada raised Banco Santander from a “sector perform” rating to an “outperform” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $6.75.

Shares of NYSE:SAN opened at $4.84 on Friday. The stock has a market capitalization of $75.23 billion, a price-to-earnings ratio of 8.80, a PEG ratio of 1.52 and a beta of 1.09. The company has a debt-to-equity ratio of 4.05, a quick ratio of 1.42 and a current ratio of 1.42. Banco Santander SA has a 52-week low of $4.21 and a 52-week high of $6.82.

Banco Santander (NYSE:SAN) last announced its earnings results on Tuesday, January 29th. The bank reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.01). The firm had revenue of $14.31 billion during the quarter. Banco Santander had a return on equity of 7.56% and a net margin of 16.13%. As a group, equities analysts anticipate that Banco Santander SA will post 0.55 EPS for the current year.

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Banco Santander Company Profile

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.

Read More: Mutual Funds

Want to see what other hedge funds are holding SAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Banco Santander SA (NYSE:SAN).

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

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