Natixis Advisors LLC lessened its stake in shares of Banco Santander, S.A. (NYSE:SAN – Free Report) by 6.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,067,184 shares of the bank’s stock after selling 219,815 shares during the period. Natixis Advisors LLC’s holdings in Banco Santander were worth $35,978,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of SAN. JPMorgan Chase & Co. increased its position in Banco Santander by 3.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,954,166 shares of the bank’s stock valued at $30,960,000 after buying an additional 95,069 shares in the last quarter. Capital International Investors grew its stake in Banco Santander by 67.5% in the third quarter. Capital International Investors now owns 14,529,024 shares of the bank’s stock valued at $149,504,000 after acquiring an additional 5,856,034 shares during the period. US Bancorp DE raised its position in shares of Banco Santander by 14.3% during the fourth quarter. US Bancorp DE now owns 713,050 shares of the bank’s stock worth $8,364,000 after purchasing an additional 89,253 shares during the period. Clark Capital Management Group Inc. lifted its holdings in shares of Banco Santander by 26.2% in the 3rd quarter. Clark Capital Management Group Inc. now owns 7,156,053 shares of the bank’s stock worth $74,995,000 after purchasing an additional 1,485,006 shares in the last quarter. Finally, Tudor Investment Corp ET AL acquired a new stake in Banco Santander in the 3rd quarter valued at $5,181,000. 9.19% of the stock is currently owned by institutional investors and hedge funds.
Banco Santander Stock Up 2.6%
SAN opened at $12.48 on Friday. Banco Santander, S.A. has a twelve month low of $7.83 and a twelve month high of $13.24. The company’s 50-day moving average price is $12.02 and its two-hundred day moving average price is $11.81. The stock has a market cap of $183.25 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 0.69 and a beta of 0.73.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on SAN shares. Weiss Ratings downgraded shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 8th. Santander reiterated an “outperform” rating on shares of Banco Santander in a report on Tuesday, May 12th. Morgan Stanley upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Monday, March 23rd. UBS Group reaffirmed a “buy” rating on shares of Banco Santander in a research report on Monday, February 16th. Finally, Wall Street Zen upgraded Banco Santander from a “hold” rating to a “buy” rating in a research note on Sunday, April 26th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.
Get Our Latest Research Report on Banco Santander
Banco Santander Company Profile
Banco Santander, SA (NYSE: SAN) is a Spanish multinational banking group headquartered in Santander, Spain. Founded in 1857, the bank has grown from a regional institution into one of Europe’s largest banking groups, operating a diversified financial services platform that serves retail, small and medium-sized enterprises, and large corporate clients. Santander is publicly listed in Spain and maintains American Depositary Receipts on the New York Stock Exchange under the ticker SAN.
The group’s core activities include retail and commercial banking—offering deposit accounts, payment services, mortgages, personal and auto loans, and small business financing—alongside corporate and investment banking services for larger institutional clients.
See Also
- Five stocks we like better than Banco Santander
- The Great AI Server Rotation Puts Hewlett Packard Enterprise and Super Micro Computer in Focus
- Generac’s AI Power Pivot Raises a Bigger Question About Data Center Demand
- Medtronic Bottoms, Healthy Rebound Ahead
- GitLab’s Price Recovery Gains Traction—Time to Get On Board?
Receive News & Ratings for Banco Santander Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Santander and related companies with MarketBeat.com's FREE daily email newsletter.
