Oppenheimer Asset Management Inc. Has $1.93 Million Position in Banco Santander, S.A. (NYSE:SAN)

Oppenheimer Asset Management Inc. decreased its position in shares of Banco Santander, S.A. (NYSE:SAN) by 13.3% during the 2nd quarter, Holdings Channel reports. The fund owned 415,763 shares of the bank’s stock after selling 63,670 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Banco Santander were worth $1,925,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Rothschild Investment LLC bought a new position in shares of Banco Santander during the second quarter worth $33,000. Financial Management Professionals Inc. grew its stake in Banco Santander by 1,853.0% in the first quarter. Financial Management Professionals Inc. now owns 8,359 shares of the bank’s stock valued at $40,000 after acquiring an additional 7,931 shares during the period. Principal Securities Inc. bought a new stake in shares of Banco Santander in the fourth quarter worth about $35,000. Planned Solutions Inc. acquired a new stake in shares of Banco Santander during the second quarter worth about $47,000. Finally, Coldstream Capital Management Inc. bought a new position in shares of Banco Santander during the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 9.19% of the company’s stock.

Banco Santander Price Performance

SAN stock opened at $5.00 on Wednesday. The business has a 50-day moving average of $4.77 and a 200-day moving average of $4.80. Banco Santander, S.A. has a fifty-two week low of $3.52 and a fifty-two week high of $5.27. The stock has a market capitalization of $79.05 billion, a P/E ratio of 6.94, a P/E/G ratio of 0.38 and a beta of 1.14.

Banco Santander (NYSE:SAN) last issued its quarterly earnings results on Wednesday, July 24th. The bank reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. Banco Santander had a net margin of 15.35% and a return on equity of 11.42%. The company 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 year.

Analyst Upgrades and Downgrades

Several brokerages have commented on SAN. StockNews.com downgraded shares of Banco Santander from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 22nd. UBS Group upgraded shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 4th.

Banco Santander Company 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.