Banco Santander, S.A. $SAN Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky reduced its stake in Banco Santander, S.A. (NYSE:SAN) by 12.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,244,210 shares of the bank’s stock after selling 617,150 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Banco Santander were worth $47,875,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Orca Wealth Management LLC raised its position in Banco Santander by 1.4% during the 4th quarter. Orca Wealth Management LLC now owns 65,572 shares of the bank’s stock worth $852,000 after buying an additional 894 shares during the last quarter. Composition Wealth LLC raised its position in Banco Santander by 8.3% in the fourth quarter. Composition Wealth LLC now owns 12,442 shares of the bank’s stock worth $146,000 after acquiring an additional 952 shares in the last quarter. Riversedge Advisors LLC boosted its position in shares of Banco Santander by 3.5% during the 4th quarter. Riversedge Advisors LLC now owns 29,426 shares of the bank’s stock worth $345,000 after purchasing an additional 987 shares in the last quarter. Stratos Investment Management LLC lifted its stake in shares of Banco Santander by 6.3% in the fourth quarter. Stratos Investment Management LLC now owns 16,870 shares of the bank’s stock valued at $198,000 after purchasing an additional 1,005 shares during the period. Finally, Flputnam Investment Management Co. grew its position in Banco Santander by 6.1% during the fourth quarter. Flputnam Investment Management Co. now owns 17,477 shares of the bank’s stock worth $205,000 after buying an additional 1,011 shares during the period. 9.19% of the stock is owned by hedge funds and other institutional investors.

Banco Santander Stock Down 0.0%

Shares of Banco Santander stock opened at $13.87 on Monday. Banco Santander, S.A. has a fifty-two week low of $8.28 and a fifty-two week high of $14.39. The business’s fifty day moving average is $12.80 and its two-hundred day moving average is $12.25. The firm has a market cap of $203.70 billion, a PE ratio of 11.46, a P/E/G ratio of 0.79 and a beta of 0.72.

Banco Santander (NYSE:SAN) last released its earnings results on Wednesday, April 29th. The bank reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). Banco Santander had a net margin of 26.92% and a return on equity of 12.23%. The business had revenue of $17.53 billion during the quarter, compared to analyst estimates of $17.66 billion. Equities research analysts anticipate that Banco Santander, S.A. will post 1.11 EPS for the current year.

Analyst Ratings Changes

SAN has been the topic of a number of research reports. Wall Street Zen upgraded Banco Santander from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. Santander reaffirmed a “buy” rating on shares of Banco Santander in a report on Tuesday, June 23rd. Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Monday, March 23rd. Finally, Weiss Ratings cut Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, May 8th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Banco Santander has an average rating of “Moderate Buy”.

About Banco Santander

Banco Santander, SA (NYSE: SAN) is a Spanish multinational banking group headquartered in Santander, Spain. Founded in 1857, the bank has grown from a regional institution into one of Europe’s largest banking groups, operating a diversified financial services platform that serves retail, small and medium-sized enterprises, and large corporate clients. Santander is publicly listed in Spain and maintains American Depositary Receipts on the New York Stock Exchange under the ticker SAN.

The group’s core activities include retail and commercial banking—offering deposit accounts, payment services, mortgages, personal and auto loans, and small business financing—alongside corporate and investment banking services for larger institutional clients.