Russell Investments Group Ltd. raised its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 56.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 674,274 shares of the bank’s stock after purchasing an additional 242,536 shares during the period. Russell Investments Group Ltd.’s holdings in Banco Santander were worth $4,680,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SAN. Arrowstreet Capital Limited Partnership raised its position in Banco Santander by 690.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 6,573,247 shares of the bank’s stock valued at $43,975,000 after purchasing an additional 5,741,913 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Banco Santander by 4.3% in the 3rd quarter. Fisher Asset Management LLC now owns 81,383,608 shares of the bank’s stock worth $564,802,000 after acquiring an additional 3,326,541 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Banco Santander in the 3rd quarter worth approximately $9,992,000. Senvest Management LLC bought a new position in shares of Banco Santander in the 2nd quarter worth approximately $8,363,000. Finally, Todd Asset Management LLC raised its position in shares of Banco Santander by 44.9% in the 2nd quarter. Todd Asset Management LLC now owns 3,574,941 shares of the bank’s stock worth $23,916,000 after acquiring an additional 1,107,295 shares in the last quarter. 1.26% of the stock is owned by institutional investors and hedge funds.

Shares of Banco Santander, S.A. (NYSE:SAN) traded down $0.06 during trading hours on Thursday, hitting $6.59. The stock had a trading volume of 4,068,400 shares, compared to its average volume of 6,024,690. Banco Santander, S.A. has a 12-month low of $5.03 and a 12-month high of $6.99. The company has a market cap of $106,669.81, a price-to-earnings ratio of 13.30, a P/E/G ratio of 1.32 and a beta of 1.39. The company has a debt-to-equity ratio of 3.88, a current ratio of 1.38 and a quick ratio of 1.38.

Banco Santander (NYSE:SAN) last posted its quarterly earnings data on Thursday, October 26th. The bank reported $0.14 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.14. Banco Santander had a return on equity of 6.86% and a net margin of 14.06%. The company had revenue of $14.39 billion during the quarter. analysts forecast that Banco Santander, S.A. will post 0.55 earnings per share for the current fiscal year.

Several brokerages have recently issued reports on SAN. Zacks Investment Research raised Banco Santander from a “hold” rating to a “buy” rating and set a $7.75 target price for the company in a research report on Tuesday, September 26th. ValuEngine lowered Banco Santander from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Goldman Sachs Group raised Banco Santander from a “neutral” rating to a “buy” rating and set a $6.20 target price for the company in a research report on Friday, November 24th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. Banco Santander currently has a consensus rating of “Hold” and an average price target of $13.15.

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Banco Santander Company Profile

Banco Santander, SA is a retail and commercial bank. The Banks segments include Continental Europe, the United Kingdom, Latin America and the United States. The Continental Europe segment covers all businesses in the Continental Europe. The United Kingdom segment includes the businesses developed by various units and branches in the country.

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

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