Nwam LLC Sells 548,418 Shares of Banco Santander, S.A. $SAN

Nwam LLC trimmed its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 97.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,414 shares of the bank’s stock after selling 548,418 shares during the quarter. Nwam LLC’s holdings in Banco Santander were worth $151,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Richardson Financial Services Inc. purchased a new stake in shares of Banco Santander during the 2nd quarter worth $25,000. True Wealth Design LLC purchased a new stake in shares of Banco Santander during the third quarter valued at about $27,000. Westside Investment Management Inc. bought a new stake in shares of Banco Santander in the 2nd quarter valued at about $30,000. Atlantic Union Bankshares Corp purchased a new position in shares of Banco Santander in the 2nd quarter worth approximately $30,000. Finally, Smithfield Trust Co bought a new position in shares of Banco Santander during the 2nd quarter worth approximately $30,000. Institutional investors own 9.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SAN shares. Barclays downgraded Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Weiss Ratings restated a “buy (b+)” rating on shares of Banco Santander in a research note on Wednesday, October 8th. Kepler Capital Markets upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a research note on Tuesday, January 13th. UBS Group cut shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Friday. Finally, Zacks Research downgraded Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Banco Santander presently has an average rating of “Hold”.

Banco Santander Price Performance

Shares of Banco Santander stock opened at $12.21 on Monday. Banco Santander, S.A. has a 1 year low of $4.85 and a 1 year high of $12.31. The stock has a market cap of $181.75 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 0.74 and a beta of 0.73. The firm has a fifty day moving average price of $11.31 and a 200 day moving average price of $10.16.

Banco Santander (NYSE:SAN) last released its quarterly earnings data on Wednesday, October 29th. The bank reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The company had revenue of $26.22 billion for the quarter, compared to analysts’ expectations of $15.32 billion. Banco Santander had a net margin of 17.90% and a return on equity of 11.68%. As a group, equities analysts expect that Banco Santander, S.A. will post 0.83 EPS for the current year.

Banco Santander Company 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.