Opal Capital LLC purchased a new position in shares of Banco Santander, S.A. (NYSE:SAN – Free Report) in the 4th quarter, Holdings Channel reports. The firm purchased 249,310 shares of the bank’s stock, valued at approximately $2,926,000.
Several other institutional investors have also modified their holdings of the stock. Strategic Global Advisors LLC lifted its position in shares of Banco Santander by 21.4% during the 4th quarter. Strategic Global Advisors LLC now owns 57,441 shares of the bank’s stock worth $674,000 after buying an additional 10,111 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Banco Santander by 0.3% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 727,361 shares of the bank’s stock valued at $8,532,000 after purchasing an additional 2,379 shares during the last quarter. Venture Visionary Partners LLC raised its position in Banco Santander by 2.8% in the 4th quarter. Venture Visionary Partners LLC now owns 139,778 shares of the bank’s stock valued at $1,640,000 after purchasing an additional 3,750 shares during the last quarter. Verition Fund Management LLC increased its stake in Banco Santander by 89.5% in the 4th quarter. Verition Fund Management LLC now owns 108,399 shares of the bank’s stock valued at $1,272,000 after buying an additional 51,192 shares during the period. Finally, MLP3 LLC acquired a new position in Banco Santander in the 4th quarter valued at $133,000. Hedge funds and other institutional investors own 9.19% of the company’s stock.
Wall Street Analyst Weigh In
SAN has been the topic of several recent research reports. Weiss Ratings cut shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, May 8th. Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 23rd. Santander restated an “outperform” rating on shares of Banco Santander in a report on Tuesday, May 12th. Wall Street Zen upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. Finally, Royal Bank Of Canada upgraded shares of Banco Santander from a “sector perform” rating to an “outperform” rating in a report on Monday, February 23rd. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.
Banco Santander Stock Up 1.9%
Shares of NYSE:SAN opened at $13.40 on Wednesday. Banco Santander, S.A. has a 52-week low of $7.86 and a 52-week high of $13.48. The company has a 50 day moving average of $12.24 and a two-hundred day moving average of $11.93. The company has a market capitalization of $196.76 billion, a price-to-earnings ratio of 11.07, a price-to-earnings-growth ratio of 0.75 and a beta of 0.73.
Banco Santander (NYSE:SAN – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The bank reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). Banco Santander had a return on equity of 12.23% and a net margin of 26.92%.The company had revenue of $17.53 billion for the quarter, compared to analyst estimates of $17.66 billion. On average, equities analysts anticipate that Banco Santander, S.A. will post 1.11 earnings per share 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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