Traynor Capital Management Inc. lowered its position in Banco Santander SA (NYSE:SAN) by 54.8% in the second quarter, Holdings Channel reports. The fund owned 14,000 shares of the bank’s stock after selling 17,000 shares during the period. Traynor Capital Management Inc.’s holdings in Banco Santander were worth $64,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Enterprise Financial Services Corp lifted its stake in Banco Santander by 85.6% in the first quarter. Enterprise Financial Services Corp now owns 5,370 shares of the bank’s stock worth $25,000 after acquiring an additional 2,477 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in Banco Santander during the second quarter worth approximately $29,000. Cornerstone Advisors Inc. raised its holdings in Banco Santander by 53.9% during the first quarter. Cornerstone Advisors Inc. now owns 7,473 shares of the bank’s stock worth $35,000 after purchasing an additional 2,616 shares in the last quarter. Harvest Group Wealth Management LLC acquired a new stake in Banco Santander during the first quarter worth approximately $38,000. Finally, Howland Capital Management LLC acquired a new stake in Banco Santander during the first quarter worth approximately $46,000. Institutional investors own 1.72% of the company’s stock.

SAN has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Banco Santander from a “sell” rating to a “hold” rating in a report on Saturday, July 27th. UBS Group cut shares of Banco Santander from a “buy” rating to a “neutral” rating in a report on Thursday, July 18th. Finally, ValuEngine cut shares of Banco Santander from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Banco Santander presently has a consensus rating of “Hold” and a consensus target price of $5.75.

SAN stock traded up $0.10 during midday trading on Thursday, reaching $4.10. 1,582,965 shares of the company were exchanged, compared to its average volume of 9,730,106. The company’s 50-day moving average price is $4.48. The company has a market capitalization of $65.53 billion, a P/E ratio of 7.43 and a beta of 1.14. Banco Santander SA has a 1-year low of $3.96 and a 1-year high of $5.45. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 11.13.

Banco Santander (NYSE:SAN) last announced its earnings results on Tuesday, July 23rd. The bank reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). The business had revenue of $13.88 billion during the quarter. Banco Santander had a net margin of 14.99% and a return on equity of 7.27%. As a group, sell-side analysts predict that Banco Santander SA will post 0.54 EPS for the current year.

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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