Banco Santander, S.A. (NYSE:SAN) was the recipient of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 11,559,713 shares, an increase of 40.0% from the May 15th total of 8,254,206 shares. Based on an average daily trading volume, of 9,973,221 shares, the days-to-cover ratio is currently 1.2 days.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SAN. US Bancorp DE increased its holdings in Banco Santander by 8.6% during the 4th quarter. US Bancorp DE now owns 141,720 shares of the bank’s stock worth $928,000 after purchasing an additional 11,171 shares during the period. Bailard Inc. purchased a new position in Banco Santander during the 4th quarter worth $134,000. Eagle Asset Management Inc. increased its holdings in Banco Santander by 40.2% during the 4th quarter. Eagle Asset Management Inc. now owns 61,574 shares of the bank’s stock worth $421,000 after purchasing an additional 17,640 shares during the period. Bank of New York Mellon Corp increased its holdings in Banco Santander by 11.5% during the 4th quarter. Bank of New York Mellon Corp now owns 402,276 shares of the bank’s stock worth $2,630,000 after purchasing an additional 41,627 shares during the period. Finally, Virtu Financial LLC increased its holdings in Banco Santander by 5.9% during the 4th quarter. Virtu Financial LLC now owns 274,621 shares of the bank’s stock worth $1,796,000 after purchasing an additional 15,358 shares during the period. Institutional investors own 1.54% of the company’s stock.
Several equities research analysts have recently weighed in on SAN shares. HSBC upgraded Banco Santander from a “hold” rating to a “buy” rating in a report on Thursday, June 14th. Zacks Investment Research upgraded Banco Santander from a “hold” rating to a “buy” rating and set a $7.50 price target on the stock in a report on Friday, April 20th. ValuEngine downgraded Banco Santander from a “buy” rating to a “hold” rating in a report on Thursday, March 22nd. Finally, Keefe, Bruyette & Woods upgraded Banco Santander from a “market perform” rating to an “outperform” rating in a report on Friday, March 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $6.85.
Banco Santander (NYSE:SAN) last released its quarterly earnings data on Tuesday, April 24th. The bank reported $0.15 EPS for the quarter. The company had revenue of $14.93 billion for the quarter. Banco Santander had a return on equity of 7.39% and a net margin of 14.09%. equities research analysts forecast that Banco Santander will post 0.57 EPS for the current fiscal year.
About Banco Santander
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; certificates of deposit; mortgages, auto finance, and personal loans; working capital finance; and debit and credit cards, as well as life and non-life insurance products.
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