Vise Technologies Inc. raised its holdings in Banco Santander, S.A. (NYSE:SAN – Free Report) by 1,565.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 178,226 shares of the bank’s stock after acquiring an additional 167,524 shares during the quarter. Vise Technologies Inc.’s holdings in Banco Santander were worth $2,091,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Cibc World Market Inc. lifted its holdings in Banco Santander by 1.9% in the fourth quarter. Cibc World Market Inc. now owns 405,991 shares of the bank’s stock valued at $4,762,000 after acquiring an additional 7,555 shares during the period. Lido Advisors LLC lifted its holdings in Banco Santander by 5.7% in the fourth quarter. Lido Advisors LLC now owns 42,009 shares of the bank’s stock valued at $450,000 after acquiring an additional 2,252 shares during the period. Sivia Capital Partners LLC lifted its holdings in Banco Santander by 18.9% in the fourth quarter. Sivia Capital Partners LLC now owns 80,227 shares of the bank’s stock valued at $941,000 after acquiring an additional 12,729 shares during the period. Greenspring Advisors LLC acquired a new stake in Banco Santander in the fourth quarter valued at $460,000. Finally, Marietta Investment Partners LLC lifted its holdings in Banco Santander by 35.1% in the fourth quarter. Marietta Investment Partners LLC now owns 476,442 shares of the bank’s stock valued at $5,589,000 after acquiring an additional 123,692 shares during the period. Institutional investors and hedge funds own 9.19% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms recently commented on SAN. Weiss Ratings cut Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, May 8th. Morgan Stanley upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 23rd. UBS Group reiterated a “buy” rating on shares of Banco Santander in a research report on Monday, February 16th. Royal Bank Of Canada upgraded Banco Santander from a “sector perform” rating to an “outperform” rating in a research report on Monday, February 23rd. Finally, Wall Street Zen upgraded Banco Santander from a “hold” rating to a “buy” rating in a research report on Sunday, April 26th. 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.
Banco Santander Price Performance
SAN opened at $12.16 on Monday. The stock has a market capitalization of $178.55 billion, a price-to-earnings ratio of 10.05, a price-to-earnings-growth ratio of 0.69 and a beta of 0.73. The business has a 50-day moving average of $12.03 and a two-hundred day moving average of $11.82. 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 posted its quarterly earnings results on Wednesday, April 29th. The bank reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). The business had revenue of $17.53 billion during the quarter, compared to analysts’ expectations of $17.66 billion. Banco Santander had a net margin of 26.92% and a return on equity of 12.23%. Equities research analysts anticipate that Banco Santander, S.A. will post 1.11 earnings per share for the current year.
Banco Santander 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.
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