Creative Planning boosted its stake in Banco Santander, S.A. (NYSE:SAN – Free Report) by 10.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 827,545 shares of the bank’s stock after purchasing an additional 76,218 shares during the period. Creative Planning’s holdings in Banco Santander were worth $3,070,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Cetera Advisor Networks LLC lifted its stake in Banco Santander by 11.6% in the 4th quarter. Cetera Advisor Networks LLC now owns 26,844 shares of the bank’s stock valued at $79,000 after purchasing an additional 2,781 shares during the last quarter. Lindbrook Capital LLC grew its holdings in shares of Banco Santander by 13.4% during the first quarter. Lindbrook Capital LLC now owns 24,221 shares of the bank’s stock valued at $89,000 after buying an additional 2,861 shares during the last quarter. Sage Rhino Capital LLC lifted its position in shares of Banco Santander by 6.8% during the first quarter. Sage Rhino Capital LLC now owns 45,267 shares of the bank’s stock valued at $167,000 after purchasing an additional 2,896 shares in the last quarter. Parallel Advisors LLC raised its position in Banco Santander by 8.7% in the first quarter. Parallel Advisors LLC now owns 36,396 shares of the bank’s stock worth $134,000 after acquiring an additional 2,924 shares during the period. Finally, Advisors Asset Management Inc. lifted its stake in shares of Banco Santander by 4.7% during the 4th quarter. Advisors Asset Management Inc. now owns 68,163 shares of the bank’s stock valued at $201,000 after buying an additional 3,035 shares in the last quarter. Institutional investors own 2.14% of the company’s stock.
Banco Santander Price Performance
Shares of NYSE:SAN opened at $3.69 on Tuesday. Banco Santander, S.A. has a 1-year low of $2.31 and a 1-year high of $4.09. The company has a market capitalization of $59.72 billion, a P/E ratio of 6.05, a P/E/G ratio of 0.32 and a beta of 1.14. The firm’s 50 day simple moving average is $3.76 and its two-hundred day simple moving average is $3.66.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on SAN. StockNews.com began coverage on shares of Banco Santander in a report on Thursday, October 5th. They issued a “buy” rating on the stock. Barclays initiated coverage on shares of Banco Santander in a report on Tuesday, July 18th. They set an “equal weight” rating on the stock.
Check Out Our Latest Analysis on Banco Santander
About Banco Santander
Banco Santander, SA provides various retail and commercial banking products and services to individuals, small and medium-sized enterprises, and large companies worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments.
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