Clearbridge Investments LLC trimmed its position in shares of Banco Santander, S.A. (NYSE:SAN – Free Report) by 1.6% during the fourth quarter, HoldingsChannel reports. The fund owned 8,983,771 shares of the bank’s stock after selling 150,129 shares during the quarter. Clearbridge Investments LLC’s holdings in Banco Santander were worth $105,380,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in SAN. AQR Capital Management LLC increased its stake in shares of Banco Santander by 77.4% during the first quarter. AQR Capital Management LLC now owns 419,635 shares of the bank’s stock worth $2,812,000 after acquiring an additional 183,051 shares during the period. Integrated Wealth Concepts LLC increased its stake in shares of Banco Santander by 3.7% during the first quarter. Integrated Wealth Concepts LLC now owns 71,990 shares of the bank’s stock worth $482,000 after acquiring an additional 2,566 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Banco Santander by 271.2% during the first quarter. Jones Financial Companies Lllp now owns 10,276 shares of the bank’s stock worth $69,000 after acquiring an additional 7,508 shares during the period. Focus Partners Wealth increased its stake in shares of Banco Santander by 65.3% during the first quarter. Focus Partners Wealth now owns 71,169 shares of the bank’s stock worth $477,000 after acquiring an additional 28,107 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in shares of Banco Santander during the first quarter worth about $601,000. 9.19% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on SAN. Royal Bank Of Canada upgraded shares of Banco Santander from a “sector perform” rating to an “outperform” rating in a research note on Monday, February 23rd. Wall Street Zen upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a research note on Sunday, April 26th. Morgan Stanley upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 23rd. Weiss Ratings lowered shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, May 8th. Finally, UBS Group restated a “buy” rating on shares of Banco Santander in a research report on Monday, February 16th. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.
Banco Santander Trading Up 0.1%
Shares of SAN opened at $12.17 on Tuesday. The firm’s 50-day moving average is $12.06 and its two-hundred day moving average is $11.83. Banco Santander, S.A. has a twelve month low of $7.83 and a twelve month high of $13.24. The firm has a market capitalization of $178.70 billion, a P/E ratio of 10.05, a PEG ratio of 0.69 and a beta of 0.73.
Banco Santander (NYSE:SAN – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The bank reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.02). Banco Santander had a net margin of 26.92% and a return on equity of 12.23%. The business had revenue of $17.53 billion during the quarter, compared to analysts’ expectations of $17.66 billion. Analysts predict that Banco Santander, S.A. will post 1.11 EPS for the current year.
About Banco Santander
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.
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