Sage Rhino Capital LLC grew its position in shares of Banco Santander SA (NYSE:SAN) by 45.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,645 shares of the bank’s stock after purchasing an additional 8,665 shares during the quarter. Sage Rhino Capital LLC’s holdings in Banco Santander were worth $67,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in SAN. Resources Management Corp CT ADV bought a new position in Banco Santander during the 1st quarter worth approximately $25,000. Truehand Inc bought a new position in Banco Santander during the 2nd quarter worth approximately $25,000. Commerce Bank bought a new stake in shares of Banco Santander in the 1st quarter valued at $27,000. Ritholtz Wealth Management bought a new stake in shares of Banco Santander in the 2nd quarter valued at $29,000. Finally, Highland Private Wealth Management bought a new stake in shares of Banco Santander in the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 1.64% of the company’s stock.
SAN traded down $0.14 during mid-day trading on Friday, reaching $2.11. 14,651,271 shares of the stock were exchanged, compared to its average volume of 8,771,902. The company has a debt-to-equity ratio of 5.08, a quick ratio of 0.22 and a current ratio of 0.44. The stock has a market capitalization of $35.05 billion, a PE ratio of -3.91 and a beta of 1.13. The company has a 50 day moving average price of $2.45 and a two-hundred day moving average price of $2.81. Banco Santander SA has a 1 year low of $1.90 and a 1 year high of $4.42.
Several analysts have recently weighed in on the stock. BofA Securities lowered shares of Banco Santander from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 21st. HSBC downgraded shares of Banco Santander from a “buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Bank of America downgraded shares of Banco Santander from a “neutral” rating to an “underperform” rating in a research report on Tuesday, July 21st. Zacks Investment Research downgraded shares of Banco Santander from a “buy” rating to a “hold” rating in a research report on Tuesday, June 9th. Finally, Credit Suisse Group downgraded shares of Banco Santander from an “outperform” rating to a “neutral” rating in a research report on Thursday, June 18th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $3.00.
Banco Santander 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.
Read More: Why do analysts give a neutral rating?
Want to see what other hedge funds are holding SAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Banco Santander SA (NYSE:SAN).
Receive News & Ratings for Banco Santander Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Santander and related companies with MarketBeat.com's FREE daily email newsletter.