Sagespring Wealth Partners LLC Boosts Stock Holdings in Banco Santander, S.A. (NYSE:SAN)

Sagespring Wealth Partners LLC lifted its position in Banco Santander, S.A. (NYSE:SANFree Report) by 40.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 45,251 shares of the bank’s stock after buying an additional 13,104 shares during the period. Sagespring Wealth Partners LLC’s holdings in Banco Santander were worth $303,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Atria Investments Inc grew its position in shares of Banco Santander by 7.1% in the 4th quarter. Atria Investments Inc now owns 28,990 shares of the bank’s stock worth $132,000 after buying an additional 1,917 shares during the last quarter. WealthCollab LLC grew its position in shares of Banco Santander by 35.1% in the 4th quarter. WealthCollab LLC now owns 7,801 shares of the bank’s stock worth $36,000 after buying an additional 2,028 shares during the last quarter. Principal Securities Inc. grew its position in shares of Banco Santander by 13.4% in the 4th quarter. Principal Securities Inc. now owns 17,230 shares of the bank’s stock worth $79,000 after buying an additional 2,032 shares during the last quarter. Huntington National Bank grew its position in shares of Banco Santander by 14.0% in the 4th quarter. Huntington National Bank now owns 19,459 shares of the bank’s stock worth $89,000 after buying an additional 2,393 shares during the last quarter. Finally, PDS Planning Inc grew its position in shares of Banco Santander by 5.3% in the 4th quarter. PDS Planning Inc now owns 53,149 shares of the bank’s stock worth $242,000 after buying an additional 2,670 shares during the last quarter. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Banco Santander Stock Up 1.7%

SAN stock opened at $8.05 on Friday. The firm has a 50 day moving average of $7.54 and a 200 day moving average of $6.27. The stock has a market capitalization of $121.90 billion, a PE ratio of 9.25, a price-to-earnings-growth ratio of 0.97 and a beta of 1.00. Banco Santander, S.A. has a 52 week low of $4.27 and a 52 week high of $8.39.

Banco Santander (NYSE:SANGet Free Report) last released its earnings results on Wednesday, April 30th. The bank reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. Banco Santander had a net margin of 16.92% and a return on equity of 12.26%. The company had revenue of $17.69 billion during the quarter, compared to analysts’ expectations of $15.94 billion. On average, equities research analysts expect that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SAN shares. Wall Street Zen raised shares of Banco Santander from a “hold” rating to a “buy” rating in a research report on Tuesday, May 13th. Citigroup began coverage on shares of Banco Santander in a research note on Wednesday, June 4th. They issued a “buy” rating for the company. Finally, Keefe, Bruyette & Woods upgraded shares of Banco Santander from a “hold” rating to a “moderate buy” rating in a research note on Monday, February 24th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy”.

Read Our Latest Stock Report on Banco Santander

Banco Santander Company Profile

(Free Report)

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.

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Institutional Ownership by Quarter for Banco Santander (NYSE:SAN)

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