45,793 Shares in Banco Santander, S.A. (NYSE:SAN) Bought by SG Americas Securities LLC

SG Americas Securities LLC purchased a new stake in Banco Santander, S.A. (NYSE:SANFree Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 45,793 shares of the bank’s stock, valued at approximately $307,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Larson Financial Group LLC raised its stake in shares of Banco Santander by 2,226.3% in the fourth quarter. Larson Financial Group LLC now owns 5,839 shares of the bank’s stock worth $27,000 after purchasing an additional 5,588 shares during the last quarter. WealthCollab LLC grew its holdings in Banco Santander by 35.1% during the fourth quarter. WealthCollab LLC now owns 7,801 shares of the bank’s stock worth $36,000 after buying an additional 2,028 shares in the last quarter. Prospect Financial Group LLC purchased a new stake in Banco Santander in the 4th quarter valued at $46,000. HUB Investment Partners LLC bought a new position in Banco Santander during the 4th quarter valued at $47,000. Finally, Jackson Thornton Wealth Management LLC purchased a new position in Banco Santander during the 4th quarter worth $53,000. Institutional investors own 9.19% of the company’s stock.

Banco Santander Price Performance

Shares of NYSE:SAN opened at $8.08 on Friday. Banco Santander, S.A. has a 1 year low of $4.27 and a 1 year high of $8.39. The company has a market capitalization of $122.36 billion, a PE ratio of 9.28, a price-to-earnings-growth ratio of 0.87 and a beta of 1.00. The business has a fifty day moving average price of $7.68 and a two-hundred day moving average price of $6.38.

Banco Santander (NYSE:SANGet Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The bank reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $17.69 billion during the quarter, compared to analyst estimates of $15.94 billion. Banco Santander had a net margin of 16.92% and a return on equity of 12.26%. Sell-side analysts anticipate that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Citigroup assumed coverage on shares of Banco Santander in a report on Wednesday, June 4th. They issued a “buy” rating for the company. Wall Street Zen upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

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About Banco Santander

(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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