Apollon Wealth Management LLC Raises Stock Holdings in Banco Santander, S.A. $SAN

Apollon Wealth Management LLC grew its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 77.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 220,155 shares of the bank’s stock after acquiring an additional 96,050 shares during the quarter. Apollon Wealth Management LLC’s holdings in Banco Santander were worth $2,483,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in SAN. Eagle Bay Advisors LLC bought a new position in Banco Santander during the fourth quarter valued at approximately $31,000. Cullen Frost Bankers Inc. bought a new stake in Banco Santander in the 4th quarter worth approximately $34,000. Binnacle Investments Inc raised its stake in Banco Santander by 96.2% during the 3rd quarter. Binnacle Investments Inc now owns 3,227 shares of the bank’s stock valued at $34,000 after buying 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 4th quarter. Sound Income Strategies LLC now owns 2,963 shares of the bank’s stock valued at $36,000 after buying an additional 2,938 shares during the period. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of Banco Santander in the fourth quarter worth $42,000. 9.19% of the stock is owned by hedge funds and other institutional investors.

Banco Santander Trading Up 1.1%

Banco Santander stock opened at $13.80 on Wednesday. Banco Santander, S.A. has a 12-month low of $8.20 and a 12-month high of $13.83. The firm has a market capitalization of $202.79 billion, a price-to-earnings ratio of 11.41, a P/E/G ratio of 0.78 and a beta of 0.73. The firm has a 50 day moving average of $12.51 and a 200 day moving average of $12.12.

Banco Santander (NYSE:SAN) last issued its quarterly earnings results on Wednesday, April 29th. The bank reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.02). The firm had revenue of $17.53 billion for the quarter, compared to analysts’ expectations of $17.66 billion. Banco Santander had a net margin of 26.92% and a return on equity of 12.23%. On average, analysts predict that Banco Santander, S.A. will post 1.11 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Wall Street Zen raised Banco Santander from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. Morgan Stanley upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 23rd. Weiss Ratings lowered shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, May 8th. Finally, Santander reaffirmed a “buy” rating on shares of Banco Santander in a report on Tuesday, June 23rd. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

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.