Financial Management Professionals Inc. Has $40,000 Holdings in Banco Santander, S.A. (NYSE:SAN)

Financial Management Professionals Inc. grew its stake in Banco Santander, S.A. (NYSE:SAN) by 1,853.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,359 shares of the bank’s stock after buying an additional 7,931 shares during the period. Financial Management Professionals Inc.’s holdings in Banco Santander were worth $40,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its position in shares of Banco Santander by 6.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 15,786,825 shares of the bank’s stock worth $65,357,000 after buying an additional 892,960 shares during the last quarter. CIBC Private Wealth Group LLC increased its stake in shares of Banco Santander by 41.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 14,148,083 shares of the bank’s stock worth $58,699,000 after purchasing an additional 4,139,669 shares during the period. FMR LLC increased its stake in shares of Banco Santander by 1.4% in the third quarter. FMR LLC now owns 9,217,199 shares of the bank’s stock worth $34,657,000 after purchasing an additional 124,106 shares during the period. American Century Companies Inc. increased its stake in shares of Banco Santander by 6.9% in the third quarter. American Century Companies Inc. now owns 3,008,881 shares of the bank’s stock worth $11,313,000 after purchasing an additional 193,323 shares during the period. Finally, QRG Capital Management Inc. increased its stake in shares of Banco Santander by 20.0% in the fourth quarter. QRG Capital Management Inc. now owns 1,112,792 shares of the bank’s stock worth $4,607,000 after purchasing an additional 185,201 shares during the period. Institutional investors and hedge funds own 9.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SAN shares. Barclays upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 25th. StockNews.com lowered Banco Santander from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 22nd.

Banco Santander Trading Up 0.4 %

Shares of SAN opened at $4.64 on Friday. Banco Santander, S.A. has a 12-month low of $3.49 and a 12-month high of $5.27. The company has a quick ratio of 0.35, a current ratio of 2.27 and a debt-to-equity ratio of 13.96. The firm has a market capitalization of $73.43 billion, a price-to-earnings ratio of 6.44, a P/E/G ratio of 0.39 and a beta of 1.17. The stock’s 50-day moving average price is $4.97 and its 200 day moving average price is $4.51.

Banco Santander (NYSE:SAN) last issued its quarterly earnings results on Tuesday, April 30th. The bank reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.01). Banco Santander had a net margin of 14.98% and a return on equity of 10.95%. The firm had revenue of $16.34 billion for the quarter. As a group, research analysts predict that Banco Santander, S.A. will post 0.82 earnings per share for the current year.

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.