Banco Santander, S.A. (NYSE:SAN) Position Increased by National Bank of Canada FI

National Bank of Canada FI lifted its position in Banco Santander, S.A. (NYSE:SAN) by 47.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,549 shares of the bank’s stock after acquiring an additional 28,721 shares during the period. National Bank of Canada FI’s holdings in Banco Santander were worth $600,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Alliancebernstein L.P. purchased a new position in Banco Santander during the 4th quarter worth approximately $63,000. Franklin Resources Inc. grew its holdings in shares of Banco Santander by 21.3% during the fourth quarter. Franklin Resources Inc. now owns 55,005 shares of the bank’s stock valued at $251,000 after buying an additional 9,649 shares in the last quarter. Russell Investments Group Ltd. raised its position in Banco Santander by 3.3% during the fourth quarter. Russell Investments Group Ltd. now owns 307,416 shares of the bank’s stock valued at $1,402,000 after buying an additional 9,724 shares during the period. Bank of Montreal Can lifted its stake in Banco Santander by 8.8% in the 4th quarter. Bank of Montreal Can now owns 98,073 shares of the bank’s stock worth $447,000 after acquiring an additional 7,933 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Banco Santander during the 4th quarter worth about $3,319,000. Institutional investors and hedge funds own 9.19% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wall Street Zen raised shares of Banco Santander from a “hold” rating to a “buy” rating in a research report on Tuesday, May 13th. Citigroup started coverage on shares of Banco Santander in a research note on Wednesday, June 4th. They issued a “buy” rating on the stock. Finally, Kepler Capital Markets lowered shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Banco Santander Stock Performance

Shares of NYSE SAN opened at $9.63 on Friday. The stock has a market cap of $143.35 billion, a price-to-earnings ratio of 10.70, a PEG ratio of 1.08 and a beta of 1.06. The business has a 50 day simple moving average of $8.55 and a 200 day simple moving average of $7.39. Banco Santander, S.A. has a 52 week low of $4.43 and a 52 week high of $9.70.

Banco Santander (NYSE:SAN) last announced its quarterly earnings results on Wednesday, July 30th. The bank reported $0.22 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.04). Banco Santander had a return on equity of 11.98% and a net margin of 17.30%. The business had revenue of $17.83 billion for the quarter, compared to analyst estimates of $17.69 billion. On average, analysts predict that Banco Santander, S.A. will post 0.83 EPS 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.