Pitcairn Co. Takes $332,000 Position in Banco Santander, S.A. (NYSE:SAN)

Pitcairn Co. purchased a new stake in Banco Santander, S.A. (NYSE:SAN) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 68,548 shares of the bank’s stock, valued at approximately $332,000.

Other hedge funds have also added to or reduced their stakes in the company. CIBC Private Wealth Group LLC lifted its stake in shares of Banco Santander by 41.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 14,148,083 shares of the bank’s stock worth $58,699,000 after buying an additional 4,139,669 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Banco Santander by 658.7% during the fourth quarter. BNP Paribas Financial Markets now owns 1,072,836 shares of the bank’s stock worth $4,442,000 after acquiring an additional 931,429 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Banco Santander by 6.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 15,786,825 shares of the bank’s stock worth $65,357,000 after acquiring an additional 892,960 shares during the period. RWA Wealth Partners LLC grew its position in shares of Banco Santander by 106.2% in the first quarter. RWA Wealth Partners LLC now owns 1,691,945 shares of the bank’s stock valued at $8,189,000 after purchasing an additional 871,446 shares during the last quarter. Finally, Lockheed Martin Investment Management Co. bought a new position in shares of Banco Santander during the fourth quarter worth approximately $2,153,000. Institutional investors and hedge funds own 9.19% of the company’s stock.

Banco Santander Price Performance

Shares of NYSE SAN traded down $0.14 during midday trading on Thursday, reaching $4.91. The company’s stock had a trading volume of 2,325,520 shares, compared to its average volume of 2,780,681. The company has a debt-to-equity ratio of 13.96, a quick ratio of 0.35 and a current ratio of 2.27. The company has a market cap of $77.70 billion, a P/E ratio of 7.01, a P/E/G ratio of 0.43 and a beta of 1.16. The business’s 50 day moving average price is $4.90 and its two-hundred day moving average price is $4.60. Banco Santander, S.A. has a fifty-two week low of $3.52 and a fifty-two week high of $5.27.

Banco Santander (NYSE:SAN) last announced its quarterly earnings data on Tuesday, April 30th. The bank reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). The company had revenue of $16.34 billion during the quarter. Banco Santander had a net margin of 14.98% and a return on equity of 10.95%. On average, analysts forecast that Banco Santander, S.A. will post 0.84 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.