Capital Research Global Investors acquired a new position in Banco Santander, S.A. (NYSE:SAN – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 196,637 shares of the bank’s stock, valued at approximately $2,328,000.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Orca Wealth Management LLC increased its holdings in Banco Santander by 1.4% in the fourth quarter. Orca Wealth Management LLC now owns 65,572 shares of the bank’s stock worth $852,000 after buying an additional 894 shares during the last quarter. Composition Wealth LLC increased its holdings in Banco Santander by 8.3% in the fourth quarter. Composition Wealth LLC now owns 12,442 shares of the bank’s stock worth $146,000 after buying an additional 952 shares during the last quarter. West Family Investments Inc. increased its holdings in Banco Santander by 2.0% in the third quarter. West Family Investments Inc. now owns 49,186 shares of the bank’s stock worth $515,000 after buying an additional 965 shares during the last quarter. Riversedge Advisors LLC increased its holdings in Banco Santander by 3.5% in the fourth quarter. Riversedge Advisors LLC now owns 29,426 shares of the bank’s stock worth $345,000 after buying an additional 987 shares during the last quarter. Finally, Stratos Investment Management LLC increased its holdings in Banco Santander by 6.3% in the fourth quarter. Stratos Investment Management LLC now owns 16,870 shares of the bank’s stock worth $198,000 after buying an additional 1,005 shares during the last quarter. Institutional investors and hedge funds own 9.19% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Monday, March 23rd. Wall Street Zen raised Banco Santander from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. Weiss Ratings lowered Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 8th. Santander reissued an “outperform” rating on shares of Banco Santander in a report on Tuesday, May 12th. Finally, Royal Bank Of Canada raised Banco Santander from a “sector perform” rating to an “outperform” rating in a report on Monday, February 23rd. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.
Banco Santander Stock Performance
Shares of NYSE SAN opened at $12.26 on Wednesday. The firm has a market cap of $180.02 billion, a price-to-earnings ratio of 10.13, a P/E/G ratio of 0.69 and a beta of 0.73. The business’s 50-day simple moving average is $12.09 and its 200-day simple moving average is $11.85. Banco Santander, S.A. has a 52 week low of $7.83 and a 52 week high of $13.24.
Banco Santander (NYSE:SAN – Get Free Report) last released its 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 during the quarter, compared to analyst estimates of $17.66 billion. Banco Santander had a net margin of 26.92% and a return on equity of 12.23%. As a group, equities research analysts forecast 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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