Gabelli Funds LLC decreased its position in shares of Banco Santander, S.A. (NYSE:SAN) by 48.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,318 shares of the bank’s stock after selling 75,682 shares during the quarter. Gabelli Funds LLC’s holdings in Banco Santander were worth $407,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Private Advisor Group LLC boosted its position in shares of Banco Santander by 253.5% during the 2nd quarter. Private Advisor Group LLC now owns 25,152 shares of the bank’s stock valued at $134,000 after acquiring an additional 18,037 shares during the last quarter. Harrington Investments INC boosted its position in shares of Banco Santander by 53.0% during the 3rd quarter. Harrington Investments INC now owns 35,555 shares of the bank’s stock valued at $178,000 after acquiring an additional 12,310 shares during the last quarter. SP Asset Management acquired a new position in shares of Banco Santander during the 2nd quarter valued at about $186,000. Intrust Bank NA boosted its position in shares of Banco Santander by 153.2% during the 2nd quarter. Intrust Bank NA now owns 35,384 shares of the bank’s stock valued at $189,000 after acquiring an additional 21,410 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new position in shares of Banco Santander during the 2nd quarter valued at about $196,000. 1.64% of the stock is currently owned by hedge funds and other institutional investors.

NYSE SAN opened at $4.83 on Friday. Banco Santander, S.A. has a 12 month low of $4.50 and a 12 month high of $7.57. The company has a debt-to-equity ratio of 4.01, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market capitalization of $75.71 billion, a price-to-earnings ratio of 9.29, a P/E/G ratio of 1.16 and a beta of 1.18.

Banco Santander (NYSE:SAN) last posted its earnings results on Wednesday, October 31st. The bank reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.01). Banco Santander had a net margin of 15.20% and a return on equity of 7.62%. The company had revenue of $13.63 billion during the quarter. As a group, analysts predict that Banco Santander, S.A. will post 0.55 EPS for the current fiscal year.

Several research analysts have recently weighed in on SAN shares. Zacks Investment Research cut shares of Banco Santander from a “hold” rating to a “sell” rating in a research report on Friday, October 5th. Keefe, Bruyette & Woods cut shares of Banco Santander from an “outperform” rating to a “hold” rating in a research report on Tuesday, October 2nd. Finally, ValuEngine raised shares of Banco Santander from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 1st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $6.85.

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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; certificates of deposit; mortgages, auto finance, and personal loans; working capital finance; and debit and credit cards, as well as life and non-life insurance products.

See Also: Dollar Cost Averaging

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

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