Capital Research Global Investors Takes Position in Banco Santander, S.A. $SAN

Capital Research Global Investors bought a new stake in shares of Banco Santander, S.A. (NYSE:SAN) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 196,637 shares of the bank’s stock, valued at approximately $2,328,000.

Several other hedge funds have also modified their holdings of SAN. Eagle Bay Advisors LLC purchased a new stake in shares of Banco Santander during the fourth quarter valued at $31,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Banco Santander during the fourth quarter valued at $34,000. Binnacle Investments Inc lifted its holdings in shares of Banco Santander by 96.2% during the third quarter. Binnacle Investments Inc now owns 3,227 shares of the bank’s stock valued at $34,000 after purchasing an additional 1,582 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Banco Santander by 11,752.0% during the fourth quarter. Sound Income Strategies LLC now owns 2,963 shares of the bank’s stock valued at $36,000 after purchasing an additional 2,938 shares during the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Banco Santander during the fourth quarter valued at $42,000. 9.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. UBS Group reaffirmed a “buy” rating on shares of Banco Santander in a report on Monday, February 16th. Wall Street Zen raised Banco Santander from a “hold” rating to a “buy” rating in a research note on Sunday, April 26th. Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 23rd. Santander reissued an “outperform” rating on shares of Banco Santander in a research note on Tuesday, May 12th. Finally, Royal Bank Of Canada raised Banco Santander from a “sector perform” rating to an “outperform” rating in a research note on Monday, February 23rd. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Banco Santander Trading Up 0.8%

Shares of Banco Santander stock opened at $12.26 on Wednesday. The stock has a 50-day moving average price of $12.09 and a 200 day moving average price of $11.85. The company has a market cap of $180.02 billion, a P/E ratio of 10.13, a P/E/G ratio of 0.69 and a beta of 0.73. Banco Santander, S.A. has a 1 year low of $7.83 and a 1 year high of $13.24.

Banco Santander (NYSE:SAN) last announced its quarterly earnings data on Wednesday, April 29th. The bank reported $0.27 earnings per share (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 return on equity of 12.23% and a net margin of 26.92%. On average, equities analysts forecast that Banco Santander, S.A. will post 1.11 earnings per share for the current fiscal 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.