Creative Planning Grows Position in Banco Santander SA (NYSE:SAN)

Creative Planning raised its position in Banco Santander SA (NYSE:SAN) by 29.2% during the second quarter, HoldingsChannel.com reports. The firm owned 181,120 shares of the bank’s stock after buying an additional 40,907 shares during the quarter. Creative Planning’s holdings in Banco Santander were worth $436,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SAN. Resources Management Corp CT ADV purchased a new position in shares of Banco Santander in the 1st quarter worth about $25,000. Truehand Inc purchased a new position in shares of Banco Santander in the 2nd quarter worth about $25,000. Commerce Bank purchased a new position in shares of Banco Santander in the 1st quarter worth about $27,000. Ritholtz Wealth Management purchased a new position in shares of Banco Santander in the 2nd quarter worth about $29,000. Finally, Highland Private Wealth Management purchased a new stake in shares of Banco Santander during the 2nd quarter valued at about $31,000. Institutional investors own 1.64% of the company’s stock.

Shares of NYSE SAN opened at $2.11 on Friday. Banco Santander SA has a fifty-two week low of $1.90 and a fifty-two week high of $4.42. The business has a 50 day moving average price of $2.45 and a two-hundred day moving average price of $2.81. The company has a quick ratio of 0.22, a current ratio of 0.44 and a debt-to-equity ratio of 5.08. The firm has a market cap of $35.05 billion, a PE ratio of -3.91 and a beta of 1.13.

SAN has been the topic of several analyst reports. Bank of America downgraded Banco Santander from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 21st. Credit Suisse Group downgraded Banco Santander from an “outperform” rating to a “neutral” rating in a report on Thursday, June 18th. ValuEngine upgraded Banco Santander from a “strong sell” rating to a “sell” rating in a report on Thursday, June 11th. BofA Securities downgraded Banco Santander from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 21st. Finally, HSBC downgraded Banco Santander from a “buy” rating to a “hold” rating in a report on Wednesday, May 13th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $3.00.

Banco Santander Company 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; 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; and debit and credit cards.

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

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