Teachers Retirement System of The State of Kentucky Has $47.29 Million Position in Banco Santander, S.A. $SAN

Teachers Retirement System of The State of Kentucky trimmed its position in Banco Santander, S.A. (NYSE:SAN) by 3.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,512,360 shares of the bank’s stock after selling 153,800 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Banco Santander were worth $47,289,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dynasty Wealth Management LLC bought a new stake in Banco Santander during the third quarter worth $1,743,000. Pekin Hardy Strauss Inc. raised its holdings in shares of Banco Santander by 104.3% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 241,250 shares of the bank’s stock worth $2,002,000 after buying an additional 123,150 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in Banco Santander by 52.4% in the third quarter. TD Waterhouse Canada Inc. now owns 500,590 shares of the bank’s stock valued at $5,211,000 after buying an additional 172,042 shares in the last quarter. Choreo LLC boosted its stake in Banco Santander by 20.4% in the second quarter. Choreo LLC now owns 120,933 shares of the bank’s stock valued at $1,004,000 after buying an additional 20,530 shares in the last quarter. Finally, Creative Planning grew its position in Banco Santander by 4.5% in the second quarter. Creative Planning now owns 1,728,439 shares of the bank’s stock valued at $14,346,000 after acquiring an additional 75,186 shares during the last quarter. Institutional investors and hedge funds own 9.19% of the company’s stock.

Banco Santander Trading Down 3.2%

NYSE SAN opened at $11.97 on Tuesday. The firm has a market capitalization of $178.12 billion, a PE ratio of 11.85, a price-to-earnings-growth ratio of 0.75 and a beta of 0.71. The business’s 50-day moving average price is $12.28 and its two-hundred day moving average price is $10.97. Banco Santander, S.A. has a 12 month low of $5.54 and a 12 month high of $13.24.

Banco Santander (NYSE:SAN) last posted its quarterly earnings data on Tuesday, February 3rd. The bank reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. Banco Santander had a return on equity of 12.14% and a net margin of 18.85%.The company had revenue of $18.90 billion for the quarter, compared to analyst estimates of $15.89 billion. As a group, analysts forecast that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SAN shares. Kepler Capital Markets raised shares of Banco Santander from a “hold” rating to a “buy” rating in a report on Tuesday, January 13th. UBS Group reissued a “buy” rating on shares of Banco Santander in a research note on Monday, February 16th. Weiss Ratings upgraded shares of Banco Santander from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday. Royal Bank Of Canada upgraded shares of Banco Santander from a “sector perform” rating to an “outperform” rating in a report on Monday, February 23rd. Finally, Zacks Research cut Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Banco Santander has a consensus 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.