NewEdge Wealth LLC Sells 2,800 Shares of Banco Santander, S.A. (NYSE:SAN)

NewEdge Wealth LLC reduced its stake in Banco Santander, S.A. (NYSE:SAN) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 281,660 shares of the bank’s stock after selling 2,800 shares during the period. NewEdge Wealth LLC’s holdings in Banco Santander were worth $1,284,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Raymond James & Associates lifted its position in shares of Banco Santander by 2.1% during the 3rd quarter. Raymond James & Associates now owns 561,559 shares of the bank’s stock valued at $2,864,000 after acquiring an additional 11,449 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Banco Santander by 51.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 94,293 shares of the bank’s stock worth $481,000 after buying an additional 31,978 shares in the last quarter. Private Advisor Group LLC increased its holdings in Banco Santander by 16.1% in the 3rd quarter. Private Advisor Group LLC now owns 85,632 shares of the bank’s stock valued at $437,000 after buying an additional 11,866 shares during the period. US Bancorp DE raised its position in shares of Banco Santander by 6.9% in the 3rd quarter. US Bancorp DE now owns 438,070 shares of the bank’s stock valued at $2,234,000 after buying an additional 28,350 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its holdings in shares of Banco Santander by 3.2% during the 3rd quarter. QRG Capital Management Inc. now owns 1,690,877 shares of the bank’s stock worth $8,623,000 after acquiring an additional 53,039 shares during the period. Institutional investors and hedge funds own 9.19% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. The Goldman Sachs Group downgraded shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods upgraded Banco Santander from a “hold” rating to a “moderate buy” rating in a research report on Monday, February 24th. Morgan Stanley upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, November 26th. Finally, StockNews.com raised shares of Banco Santander from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Banco Santander Stock Up 0.2 %

Shares of SAN opened at $6.39 on Friday. The company has a debt-to-equity ratio of 13.83, a quick ratio of 0.23 and a current ratio of 2.24. Banco Santander, S.A. has a 52 week low of $4.07 and a 52 week high of $6.50. The stock has a market capitalization of $96.75 billion, a price-to-earnings ratio of 7.69, a PEG ratio of 0.77 and a beta of 1.12. The stock has a fifty day moving average of $5.22 and a 200-day moving average of $4.98.

Banco Santander (NYSE:SAN) last announced its quarterly earnings results on Wednesday, February 5th. The bank reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. Banco Santander had a return on equity of 11.90% and a net margin of 15.88%. As a group, sell-side analysts anticipate that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Banco Santander Company Profile

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.