Naviter Wealth LLC Buys 22,303 Shares of Banco Santander, S.A. (NYSE:SAN)

Naviter Wealth LLC lifted its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 7.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 337,415 shares of the bank’s stock after acquiring an additional 22,303 shares during the period. Naviter Wealth LLC’s holdings in Banco Santander were worth $1,562,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Rhumbline Advisers grew its stake in shares of Banco Santander by 1.2% during the second quarter. Rhumbline Advisers now owns 375,998 shares of the bank’s stock worth $1,741,000 after buying an additional 4,347 shares during the last quarter. Financial Counselors Inc. boosted its holdings in shares of Banco Santander by 5.7% during the 2nd quarter. Financial Counselors Inc. now owns 88,042 shares of the bank’s stock valued at $408,000 after acquiring an additional 4,721 shares in the last quarter. Ritholtz Wealth Management grew its position in Banco Santander by 143.1% during the 2nd quarter. Ritholtz Wealth Management now owns 355,625 shares of the bank’s stock worth $1,647,000 after acquiring an additional 209,348 shares during the last quarter. Sage Mountain Advisors LLC acquired a new position in Banco Santander in the 2nd quarter worth about $58,000. Finally, Commonwealth Equity Services LLC raised its position in Banco Santander by 9.2% in the second quarter. Commonwealth Equity Services LLC now owns 121,593 shares of the bank’s stock valued at $563,000 after purchasing an additional 10,252 shares during the last quarter. Institutional investors own 9.19% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut Banco Santander from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 22nd.

Banco Santander Stock Performance

Shares of NYSE SAN opened at $4.80 on Wednesday. The stock has a market cap of $75.96 billion, a P/E ratio of 6.67, a price-to-earnings-growth ratio of 0.40 and a beta of 1.14. The firm has a 50 day moving average price of $4.75 and a two-hundred day moving average price of $4.75. Banco Santander, S.A. has a 52-week low of $3.52 and a 52-week high of $5.27.

Banco Santander (NYSE:SAN) last posted its quarterly earnings data on Wednesday, July 24th. The bank reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. The business had revenue of $16.87 billion during the quarter. Banco Santander had a return on equity of 11.42% and a net margin of 15.35%. Analysts predict that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Banco Santander Profile

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.