176,612 Shares in Banco Santander, S.A. (NYSE:SAN) Acquired by Summit Global Investments

Summit Global Investments bought a new position in Banco Santander, S.A. (NYSE:SAN) in the 2nd quarter, Holdings Channel.com reports. The fund bought 176,612 shares of the bank’s stock, valued at approximately $818,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. SVB Wealth LLC boosted its position in Banco Santander by 11.9% during the fourth quarter. SVB Wealth LLC now owns 94,404 shares of the bank’s stock worth $391,000 after purchasing an additional 10,075 shares during the period. Lindbrook Capital LLC boosted its holdings in Banco Santander by 24.9% in the 4th quarter. Lindbrook Capital LLC now owns 34,437 shares of the bank’s stock valued at $143,000 after purchasing an additional 6,862 shares during the period. Signaturefd LLC increased its holdings in shares of Banco Santander by 18.2% during the 4th quarter. Signaturefd LLC now owns 243,430 shares of the bank’s stock worth $1,008,000 after purchasing an additional 37,418 shares during the period. CWM LLC raised its position in shares of Banco Santander by 10.4% during the fourth quarter. CWM LLC now owns 30,757 shares of the bank’s stock valued at $127,000 after buying an additional 2,896 shares during the last quarter. Finally, OLD National Bancorp IN lifted its stake in shares of Banco Santander by 7.2% in the fourth quarter. OLD National Bancorp IN now owns 40,521 shares of the bank’s stock valued at $168,000 after buying an additional 2,739 shares during the period. Institutional investors own 9.19% of the company’s stock.

Banco Santander Price Performance

Shares of NYSE SAN traded down $0.07 during midday trading on Tuesday, hitting $4.69. The stock had a trading volume of 1,516,959 shares, compared to its average volume of 2,777,106. The company’s 50-day simple moving average is $4.72 and its 200 day simple moving average is $4.68. The firm has a market cap of $74.22 billion, a P/E ratio of 6.51, a price-to-earnings-growth ratio of 0.36 and a beta of 1.16. Banco Santander, S.A. has a fifty-two week low of $3.52 and a fifty-two week high of $5.27.

Banco Santander (NYSE:SAN) last announced its quarterly earnings data on Wednesday, July 24th. The bank reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. Banco Santander had a return on equity of 11.42% and a net margin of 15.35%. The business had revenue of $16.87 billion during the quarter. Equities analysts expect that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Banco Santander from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 22nd.

Banco Santander Profile

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.