Capital International Investors raised its position in shares of Banco Santander, S.A. (NYSE:SAN – Free Report) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,766,849 shares of the bank’s stock after purchasing an additional 237,825 shares during the quarter. Capital International Investors’ holdings in Banco Santander were worth $174,839,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Eagle Bay Advisors LLC purchased a new stake in Banco Santander during the 4th quarter valued at about $31,000. Cullen Frost Bankers Inc. purchased a new stake in Banco Santander during the 4th quarter valued at about $34,000. Binnacle Investments Inc boosted its stake in shares of Banco Santander by 96.2% in the third quarter. Binnacle Investments Inc now owns 3,227 shares of the bank’s stock worth $34,000 after buying an additional 1,582 shares during the last quarter. Sound Income Strategies LLC boosted its stake in shares of Banco Santander by 11,752.0% in the fourth quarter. Sound Income Strategies LLC now owns 2,963 shares of the bank’s stock worth $36,000 after buying an additional 2,938 shares during the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Banco Santander in the fourth quarter worth about $42,000. Hedge funds and other institutional investors own 9.19% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have recently commented on SAN shares. UBS Group restated a “buy” rating on shares of Banco Santander in a research note on Monday, February 16th. Santander restated an “outperform” rating on shares of Banco Santander in a research note on Tuesday, May 12th. Weiss Ratings downgraded Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, May 8th. Morgan Stanley upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 23rd. Finally, Royal Bank Of Canada upgraded Banco Santander from a “sector perform” rating to an “outperform” rating in a research note on Monday, February 23rd. Six research 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.com, the stock presently has an average rating of “Moderate Buy”.
Banco Santander Trading Up 0.1%
Shares of SAN stock opened at $12.17 on Tuesday. The company has a market capitalization of $178.70 billion, a P/E ratio of 10.05, a P/E/G ratio of 0.69 and a beta of 0.73. The business’s 50 day moving average is $12.06 and its two-hundred day moving average is $11.83. Banco Santander, S.A. has a 12-month low of $7.83 and a 12-month high of $13.24.
Banco Santander (NYSE:SAN – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The bank reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The business had revenue of $17.53 billion for the quarter, compared to analysts’ expectations of $17.66 billion. Banco Santander had a return on equity of 12.23% and a net margin of 26.92%. On average, research analysts predict that Banco Santander, S.A. will post 1.11 earnings per share for the current fiscal 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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