Comerica Bank Has $6.07 Million Stake in Banco Santander, S.A. (SAN)

Comerica Bank lifted its position in Banco Santander, S.A. (NYSE:SAN) by 8.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 902,312 shares of the bank’s stock after acquiring an additional 73,671 shares during the period. Comerica Bank’s holdings in Banco Santander were worth $6,072,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in SAN. Bank of New York Mellon Corp grew its position in Banco Santander by 22.6% during the third quarter. Bank of New York Mellon Corp now owns 360,649 shares of the bank’s stock valued at $2,502,000 after purchasing an additional 66,462 shares in the last quarter. New York State Common Retirement Fund acquired a new stake in shares of Banco Santander in the third quarter worth $1,408,000. Jarislowsky Fraser Ltd lifted its stake in shares of Banco Santander by 6.0% in the third quarter. Jarislowsky Fraser Ltd now owns 664,520 shares of the bank’s stock worth $4,611,000 after buying an additional 37,542 shares during the last quarter. Quattro Financial Advisors LLC lifted its stake in shares of Banco Santander by 666.9% in the third quarter. Quattro Financial Advisors LLC now owns 103,496 shares of the bank’s stock worth $697,000 after buying an additional 90,000 shares during the last quarter. Finally, World Asset Management Inc lifted its stake in shares of Banco Santander by 9.7% in the third quarter. World Asset Management Inc now owns 942,461 shares of the bank’s stock worth $6,541,000 after buying an additional 83,582 shares during the last quarter. 1.26% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on SAN shares. Zacks Investment Research cut shares of Banco Santander from a “buy” rating to a “hold” rating in a research note on Saturday, September 16th. Goldman Sachs Group upgraded shares of Banco Santander from a “neutral” rating to a “buy” rating and set a $6.20 price objective for the company in a research note on Friday, November 24th. Finally, ValuEngine cut shares of Banco Santander from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $13.15.

Banco Santander, S.A. (SAN) traded down $0.07 during trading hours on Wednesday, reaching $6.43. 3,838,052 shares of the company traded hands, compared to its average volume of 6,070,193. The firm has a market cap of $105,386.57, a PE ratio of 13.14, a P/E/G ratio of 1.31 and a beta of 1.39. Banco Santander, S.A. has a 1 year low of $4.96 and a 1 year high of $6.99. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 3.88.

Banco Santander (NYSE:SAN) last announced its quarterly earnings results on Thursday, October 26th. The bank reported $0.14 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.14. The firm had revenue of $14.39 billion for the quarter. Banco Santander had a net margin of 14.06% and a return on equity of 6.86%. research analysts forecast that Banco Santander, S.A. will post 0.55 EPS for the current fiscal year.

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Banco Santander Profile

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.

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

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