Evolution Wealth Advisors LLC purchased a new stake in Banco Santander, S.A. (NYSE:SAN) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 26,003 shares of the bank’s stock, valued at approximately $48,000.

A number of other hedge funds also recently bought and sold shares of SAN. Bank of Montreal Can raised its holdings in shares of Banco Santander by 2.5% in the 2nd quarter. Bank of Montreal Can now owns 220,933 shares of the bank’s stock valued at $535,000 after acquiring an additional 5,320 shares in the last quarter. Hollencrest Capital Management boosted its position in Banco Santander by 28.0% during the 3rd quarter. Hollencrest Capital Management now owns 29,476 shares of the bank’s stock valued at $55,000 after acquiring an additional 6,454 shares in the last quarter. Ethic Inc. boosted its position in Banco Santander by 41.9% during the 2nd quarter. Ethic Inc. now owns 23,780 shares of the bank’s stock valued at $57,000 after acquiring an additional 7,026 shares in the last quarter. Sage Rhino Capital LLC boosted its position in Banco Santander by 45.7% during the 2nd quarter. Sage Rhino Capital LLC now owns 27,645 shares of the bank’s stock valued at $67,000 after acquiring an additional 8,665 shares in the last quarter. Finally, Meitav Dash Investments Ltd. boosted its position in Banco Santander by 17.9% during the 2nd quarter. Meitav Dash Investments Ltd. now owns 66,000 shares of the bank’s stock valued at $160,000 after acquiring an additional 10,000 shares in the last quarter. 1.60% of the stock is owned by institutional investors and hedge funds.

Several analysts have issued reports on the company. JPMorgan Chase & Co. dropped their target price on Banco Santander in a research report on Monday, August 3rd. ValuEngine cut Banco Santander from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 1st. Oddo Bhf upgraded Banco Santander from a “neutral” rating to a “buy” rating in a report on Thursday, October 1st. Bank of America lowered Banco Santander from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 21st. Finally, Zacks Investment Research upgraded Banco Santander from a “sell” rating to a “hold” rating in a report on Friday, October 9th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $3.00.

Shares of SAN opened at $1.92 on Friday. The firm has a market cap of $31.89 billion, a PE ratio of -3.56 and a beta of 1.05. The company has a current ratio of 0.44, a quick ratio of 0.22 and a debt-to-equity ratio of 5.08. The stock has a fifty day moving average price of $2.04 and a 200-day moving average price of $2.24. Banco Santander, S.A. has a 12 month low of $1.78 and a 12 month high of $4.42.

Banco Santander (NYSE:SAN) last issued its earnings results on Wednesday, July 29th. The bank reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $11.51 billion during the quarter, compared to analyst estimates of $12.77 billion. Banco Santander had a positive return on equity of 7.31% and a negative net margin of 15.84%. As a group, research analysts forecast that Banco Santander, S.A. will post 0.17 EPS for the current year.

Banco Santander Profile

Banco Santander, SA, together with its subsidiaries, provides various retail and commercial banking products and services to individuals, small and medium-sized enterprises, and large companies 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; insurance products; and debit and credit cards.

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

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