Citigroup Inc. Has $15.74 Million Holdings in Banco Santander, S.A. (NYSE:SAN)

Citigroup Inc. grew its holdings in Banco Santander, S.A. (NYSE:SAN) by 170.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,349,567 shares of the bank’s stock after purchasing an additional 1,481,207 shares during the period. Citigroup Inc.’s holdings in Banco Santander were worth $15,742,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. HBK Sorce Advisory LLC lifted its position in Banco Santander by 9.8% in the 1st quarter. HBK Sorce Advisory LLC now owns 19,206 shares of the bank’s stock worth $129,000 after buying an additional 1,711 shares in the last quarter. WealthCollab LLC increased its stake in shares of Banco Santander by 35.1% in the fourth quarter. WealthCollab LLC now owns 7,801 shares of the bank’s stock worth $36,000 after acquiring an additional 2,028 shares during the last quarter. May Hill Capital LLC raised its holdings in shares of Banco Santander by 12.8% during the first quarter. May Hill Capital LLC now owns 21,917 shares of the bank’s stock worth $147,000 after acquiring an additional 2,481 shares in the last quarter. Verdence Capital Advisors LLC boosted its position in Banco Santander by 6.5% during the first quarter. Verdence Capital Advisors LLC now owns 45,236 shares of the bank’s stock valued at $303,000 after purchasing an additional 2,755 shares during the last quarter. Finally, Lido Advisors LLC grew its stake in Banco Santander by 9.7% in the fourth quarter. Lido Advisors LLC now owns 36,699 shares of the bank’s stock valued at $167,000 after purchasing an additional 3,234 shares in the last quarter. 9.19% of the stock is owned by hedge funds and other institutional investors.

Banco Santander Price Performance

Shares of Banco Santander stock opened at $9.52 on Thursday. The firm has a market cap of $141.71 billion, a price-to-earnings ratio of 10.58, a P/E/G ratio of 1.05 and a beta of 1.06. Banco Santander, S.A. has a 52-week low of $4.43 and a 52-week high of $9.57. The stock has a 50-day simple moving average of $8.49 and a 200-day simple moving average of $7.32.

Banco Santander (NYSE:SAN) last issued its quarterly earnings data on Wednesday, July 30th. The bank reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.04). Banco Santander had a net margin of 17.30% and a return on equity of 11.98%. The company had revenue of $17.83 billion during the quarter, compared to the consensus estimate of $17.69 billion. As a group, equities research analysts predict that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Analyst Ratings Changes

SAN has been the subject of a number of recent research reports. Kepler Capital Markets downgraded Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Wall Street Zen upgraded Banco Santander from a “hold” rating to a “buy” rating in a report on Tuesday, May 13th. Finally, Citigroup began coverage on Banco Santander in a report on Wednesday, June 4th. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

About Banco Santander

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.