Capital Wealth Planning LLC Buys 438,971 Shares of Banco Santander, S.A. $SAN

Capital Wealth Planning LLC grew its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 87.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 939,147 shares of the bank’s stock after purchasing an additional 438,971 shares during the period. Capital Wealth Planning LLC’s holdings in Banco Santander were worth $11,336,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SAN. Eagle Bay Advisors LLC purchased a new position in Banco Santander during the 4th quarter valued at about $31,000. Cullen Frost Bankers Inc. purchased a new position in Banco Santander during the 4th quarter valued at about $34,000. Binnacle Investments Inc lifted its position 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 acquiring an additional 1,582 shares during the period. Sound Income Strategies LLC lifted its position in 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 acquiring an additional 2,938 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new position in Banco Santander during the 4th quarter valued at about $42,000. 9.19% of the stock is owned by hedge funds and other institutional investors.

Banco Santander Stock Down 2.7%

SAN opened at $11.94 on Thursday. The firm has a 50 day moving average price of $12.12 and a 200-day moving average price of $11.86. Banco Santander, S.A. has a twelve month low of $7.83 and a twelve month high of $13.24. The stock has a market capitalization of $175.32 billion, a price-to-earnings ratio of 9.86, a PEG ratio of 0.70 and a beta of 0.73.

Banco Santander (NYSE:SAN) last released its quarterly earnings data 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). 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 analysts’ expectations of $17.66 billion. As a group, analysts expect that Banco Santander, S.A. will post 1.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SAN shares. Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 23rd. Santander reaffirmed an “outperform” rating on shares of Banco Santander in a report on Tuesday, May 12th. Royal Bank Of Canada raised shares of Banco Santander from a “sector perform” rating to an “outperform” rating in a report on Monday, February 23rd. Wall Street Zen raised shares of Banco Santander from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. Finally, Weiss Ratings cut shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 8th. 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. Based on data from MarketBeat.com, Banco Santander presently has an average rating of “Moderate Buy”.

Banco Santander 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.