Banco Santander SA (NYSE:SAN) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lowered its holdings in shares of Banco Santander SA (NYSE:SAN) by 4.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 700,248 shares of the bank’s stock after selling 34,139 shares during the period. Bank of Montreal Can’s holdings in Banco Santander were worth $3,208,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. CIBC World Markets Inc. raised its position in Banco Santander by 19.6% during the 1st quarter. CIBC World Markets Inc. now owns 536,700 shares of the bank’s stock worth $2,485,000 after buying an additional 88,068 shares during the last quarter. CIBC Private Wealth Group LLC raised its position in Banco Santander by 26.3% during the 1st quarter. CIBC Private Wealth Group LLC now owns 1,533,596 shares of the bank’s stock worth $7,100,000 after buying an additional 319,823 shares during the last quarter. Moors & Cabot Inc. raised its position in Banco Santander by 14.3% during the 2nd quarter. Moors & Cabot Inc. now owns 57,871 shares of the bank’s stock worth $263,000 after buying an additional 7,231 shares during the last quarter. Seacliff Capital LLC purchased a new position in Banco Santander during the 1st quarter worth $4,630,000. Finally, Advisory Services Network LLC raised its position in Banco Santander by 44.2% during the 2nd quarter. Advisory Services Network LLC now owns 30,426 shares of the bank’s stock worth $139,000 after buying an additional 9,333 shares during the last quarter. Hedge funds and other institutional investors own 1.75% of the company’s stock.

Shares of SAN opened at $4.10 on Friday. The company has a 50-day simple moving average of $3.98 and a 200-day simple moving average of $4.51. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 11.13. The company has a market capitalization of $66.57 billion, a PE ratio of 7.45 and a beta of 1.19. Banco Santander SA has a 52-week low of $3.65 and a 52-week high of $5.43.

Banco Santander (NYSE:SAN) last announced its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.03). The company had revenue of $13.88 billion during the quarter. Banco Santander had a net margin of 14.99% and a return on equity of 7.27%. On average, research analysts anticipate that Banco Santander SA will post 0.53 EPS for the current year.

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

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; 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.

Further Reading: Are sell-side analysts objective?

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

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