Wetherby Asset Management Inc. raised its stake in Banco Santander, S.A. (NYSE:SAN) by 5.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 201,200 shares of the bank’s stock after buying an additional 11,162 shares during the period. Wetherby Asset Management Inc.’s holdings in Banco Santander, were worth $1,346,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SAN. Advisor Partners LLC boosted its stake in shares of Banco Santander, by 95.3% in the second quarter. Advisor Partners LLC now owns 37,880 shares of the bank’s stock valued at $253,000 after buying an additional 18,484 shares in the last quarter. TD Asset Management Inc. boosted its stake in shares of Banco Santander, by 27.7% in the second quarter. TD Asset Management Inc. now owns 69,330 shares of the bank’s stock valued at $505,000 after buying an additional 15,023 shares in the last quarter. Capital Investment Advisory Services LLC boosted its stake in shares of Banco Santander, by 25.0% in the second quarter. Capital Investment Advisory Services LLC now owns 20,029 shares of the bank’s stock valued at $134,000 after buying an additional 4,000 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Banco Santander, by 261.5% in the second quarter. Sei Investments Co. now owns 338,463 shares of the bank’s stock valued at $2,265,000 after buying an additional 244,832 shares in the last quarter. Finally, Weybosset Research & Management LLC boosted its stake in shares of Banco Santander, by 0.7% in the second quarter. Weybosset Research & Management LLC now owns 34,247 shares of the bank’s stock valued at $229,000 after buying an additional 241 shares in the last quarter. 1.25% of the stock is currently owned by institutional investors.

Banco Santander, S.A. (NYSE:SAN) opened at 6.77 on Thursday. The firm has a market cap of $104.13 billion, a price-to-earnings ratio of 12.61 and a beta of 1.41. The stock’s 50 day moving average is $6.73 and its 200 day moving average is $6.25. Banco Santander, S.A. has a one year low of $4.08 and a one year high of $6.99.

Banco Santander, (NYSE:SAN) last announced its earnings results on Friday, July 28th. The bank reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $13.10 billion for the quarter. Banco Santander, had a net margin of 14.98% and a return on equity of 6.70%. On average, analysts predict that Banco Santander, S.A. will post $0.49 earnings per share for the current fiscal year.

The firm also recently disclosed a None dividend, which will be paid on Friday, August 11th. Investors of record on Thursday, August 3rd will be paid a dividend of $0.056 per share. The ex-dividend date is Tuesday, August 1st. Banco Santander,’s payout ratio is currently 37.50%.

ILLEGAL ACTIVITY WARNING: “Wetherby Asset Management Inc. Has $1.35 Million Stake in Banco Santander, S.A. (NYSE:SAN)” was first reported by Watch List News and is owned by of Watch List News. If you are reading this report on another publication, it was stolen and reposted in violation of US and international copyright & trademark laws. The original version of this report can be viewed at https://www.watchlistnews.com/wetherby-asset-management-inc-has-1-35-million-stake-in-banco-santander-s-a-nysesan/1470096.html.

A number of brokerages have commented on SAN. Zacks Investment Research cut shares of Banco Santander, from a “buy” rating to a “sell” rating in a research report on Thursday. BidaskClub cut shares of Banco Santander, from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. ValuEngine raised shares of Banco Santander, from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 17th. Bank of America Corporation raised shares of Banco Santander, from an “underperform” rating to a “neutral” rating in a research report on Friday, June 9th. Finally, Keefe, Bruyette & Woods raised shares of Banco Santander, from an “underperform” rating to a “market perform” rating and set a $25.50 price target on the stock in a research report on Thursday, April 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Banco Santander, presently has a consensus rating of “Buy” and an average price target of $16.63.

About Banco Santander,

Banco Santander, SA is a retail and commercial bank. The Banks segments include Continental Europe, the United Kingdom, Latin America and the United States. The Continental Europe segment covers all businesses in the Continental Europe. The United Kingdom segment includes the businesses developed by various units and branches in the country.

Want to see what other hedge funds are holding SAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Banco Santander, S.A. (NYSE:SAN).

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

Receive News & Ratings for Banco Santander S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Santander S.A. and related companies with Analyst Ratings Network's FREE daily email newsletter.