Ascentis Independent Advisors Buys 36,552 Shares of Banco Santander, S.A. $SAN

Ascentis Independent Advisors raised its stake in Banco Santander, S.A. (NYSE:SAN) by 105.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,100 shares of the bank’s stock after purchasing an additional 36,552 shares during the period. Ascentis Independent Advisors’ holdings in Banco Santander were worth $802,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SAN. CIBC Bancorp USA Inc. acquired a new position in shares of Banco Santander during the third quarter valued at about $93,811,000. Lazard Asset Management LLC grew its position in Banco Santander by 2,038,075.5% during the second quarter. Lazard Asset Management LLC now owns 7,643,158 shares of the bank’s stock worth $63,438,000 after buying an additional 7,642,783 shares in the last quarter. Capital International Investors increased its stake in Banco Santander by 67.5% during the third quarter. Capital International Investors now owns 14,529,024 shares of the bank’s stock valued at $149,504,000 after acquiring an additional 5,856,034 shares during the period. Raymond James Financial Inc. raised its holdings in Banco Santander by 225.3% in the 3rd quarter. Raymond James Financial Inc. now owns 4,100,768 shares of the bank’s stock valued at $42,976,000 after acquiring an additional 2,840,145 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in Banco Santander by 68.5% in the 2nd quarter. Bank of America Corp DE now owns 4,778,086 shares of the bank’s stock valued at $39,658,000 after acquiring an additional 1,942,579 shares in the last quarter. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SAN. Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Monday, March 23rd. Weiss Ratings cut Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, May 8th. Wall Street Zen upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a research note on Sunday, April 26th. Finally, Santander restated a “buy” rating on shares of Banco Santander in a research note on Tuesday, June 23rd. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Banco Santander has an average rating of “Moderate Buy”.

Banco Santander Price Performance

Shares of NYSE:SAN opened at $14.16 on Wednesday. The business’s fifty day moving average price is $12.69 and its two-hundred day moving average price is $12.21. Banco Santander, S.A. has a fifty-two week low of $8.28 and a fifty-two week high of $14.39. The stock has a market capitalization of $208.07 billion, a price-to-earnings ratio of 11.71, a price-to-earnings-growth ratio of 0.82 and a beta of 0.72.

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

About Banco Santander

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.