Pitcairn Co. Acquires Shares of 68,548 Banco Santander, S.A. (NYSE:SAN)

Pitcairn Co. bought a new position in shares of Banco Santander, S.A. (NYSE:SAN) in the first quarter, HoldingsChannel reports. The firm bought 68,548 shares of the bank’s stock, valued at approximately $332,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Principal Securities Inc. purchased a new stake in shares of Banco Santander in the fourth quarter worth about $35,000. Glassman Wealth Services boosted its position in shares of Banco Santander by 56.3% during the 4th quarter. Glassman Wealth Services now owns 9,565 shares of the bank’s stock valued at $40,000 after acquiring an additional 3,444 shares during the last quarter. Financial Management Professionals Inc. grew its holdings in shares of Banco Santander by 1,853.0% in the first quarter. Financial Management Professionals Inc. now owns 8,359 shares of the bank’s stock valued at $40,000 after purchasing an additional 7,931 shares in the last quarter. Coldstream Capital Management Inc. bought a new stake in Banco Santander in the fourth quarter worth $42,000. Finally, HB Wealth Management LLC purchased a new stake in Banco Santander during the fourth quarter valued at $43,000. 9.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Banco Santander from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 22nd.

Banco Santander Trading Down 2.8 %

SAN stock traded down $0.14 during midday trading on Thursday, reaching $4.91. 2,325,520 shares of the company traded hands, compared to its average volume of 2,780,681. The firm has a market capitalization of $77.70 billion, a price-to-earnings ratio of 7.01, a P/E/G ratio of 0.43 and a beta of 1.16. The company has a debt-to-equity ratio of 13.96, a quick ratio of 0.35 and a current ratio of 2.27. The business has a 50 day moving average of $4.90 and a 200-day moving average of $4.60. Banco Santander, S.A. has a 52-week low of $3.52 and a 52-week high of $5.27.

Banco Santander (NYSE:SAN) last issued its quarterly earnings results on Tuesday, April 30th. The bank reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Banco Santander had a return on equity of 10.95% and a net margin of 14.98%. The company had revenue of $16.34 billion during the quarter. As a group, sell-side analysts expect that Banco Santander, S.A. will post 0.84 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.