Jane Street Group LLC Raises Stock Position in Banco Santander SA (NYSE:SAN)

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Jane Street Group LLC boosted its position in shares of Banco Santander SA (NYSE:SAN) by 154.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,643,974 shares of the bank’s stock after purchasing an additional 2,820,883 shares during the period. Jane Street Group LLC’s holdings in Banco Santander were worth $21,548,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of SAN. Dimensional Fund Advisors LP raised its stake in Banco Santander by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,208,680 shares of the bank’s stock worth $14,375,000 after purchasing an additional 23,915 shares during the period. Cornerstone Advisors Inc. raised its stake in shares of Banco Santander by 53.9% in the 1st quarter. Cornerstone Advisors Inc. now owns 7,473 shares of the bank’s stock valued at $35,000 after acquiring an additional 2,616 shares during the period. Raymond James & Associates raised its stake in shares of Banco Santander by 10.5% in the 1st quarter. Raymond James & Associates now owns 1,079,474 shares of the bank’s stock valued at $4,998,000 after acquiring an additional 102,274 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Banco Santander in the 1st quarter valued at approximately $96,000. Finally, Wetherby Asset Management Inc. raised its stake in shares of Banco Santander by 4.0% in the 1st quarter. Wetherby Asset Management Inc. now owns 257,847 shares of the bank’s stock valued at $1,193,000 after acquiring an additional 9,961 shares during the period. 1.75% of the stock is currently owned by institutional investors.

Shares of SAN stock traded up $0.02 during trading on Friday, reaching $4.04. The company’s stock had a trading volume of 16,549,901 shares, compared to its average volume of 14,923,590. The company has a debt-to-equity ratio of 11.13, a current ratio of 2.08 and a quick ratio of 2.08. The company has a market capitalization of $64.79 billion, a price-to-earnings ratio of 7.35 and a beta of 1.19. The stock’s 50-day moving average price is $3.93 and its 200 day moving average price is $4.49. Banco Santander SA has a 1-year low of $3.65 and a 1-year high of $5.39.

Banco Santander (NYSE:SAN) last posted its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.13 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.03). Banco Santander had a return on equity of 7.27% and a net margin of 14.99%. The firm had revenue of $13.88 billion for the quarter. On average, sell-side analysts anticipate that Banco Santander SA will post 0.52 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on SAN shares. Zacks Investment Research downgraded shares of Banco Santander from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine cut shares of Banco Santander from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 2nd. UBS Group cut shares of Banco Santander from a “buy” rating to a “neutral” rating in a report on Thursday, July 18th. Finally, HSBC upgraded shares of Banco Santander from a “reduce” rating to a “hold” rating in a report on Wednesday, August 21st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $5.75.

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; mortgages, consumer finance, auto finance, and personal loans; export and agency finance, trade and working capital solutions, syndicated corporate loans, and structured financing; debt capital markets and global markets services; and debit and credit cards.

See Also: Strike Price

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

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