Capital World Investors Invests $1.32 Million in Banco Santander, S.A. $SAN

Capital World Investors purchased a new position in shares of Banco Santander, S.A. (NYSE:SAN) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 111,312 shares of the bank’s stock, valued at approximately $1,318,000.

Other institutional investors also recently modified their holdings of the company. Eagle Bay Advisors LLC bought a new stake in shares of Banco Santander in the fourth quarter worth $31,000. Cullen Frost Bankers Inc. bought a new stake in shares of Banco Santander in the fourth quarter worth $34,000. Binnacle Investments Inc grew its stake in shares of Banco Santander by 96.2% in the third quarter. Binnacle Investments Inc now owns 3,227 shares of the bank’s stock worth $34,000 after purchasing an additional 1,582 shares during the last quarter. Sound Income Strategies LLC grew its stake in shares of Banco Santander by 11,752.0% in the fourth quarter. Sound Income Strategies LLC now owns 2,963 shares of the bank’s stock worth $36,000 after purchasing an additional 2,938 shares during the last quarter. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of Banco Santander in the fourth quarter worth $42,000. Institutional investors own 9.19% of the company’s stock.

Banco Santander Trading Down 2.7%

Shares of SAN opened at $11.94 on Thursday. The stock has a market capitalization of $175.32 billion, a P/E ratio of 9.86, a price-to-earnings-growth ratio of 0.70 and a beta of 0.73. The firm’s fifty day simple moving average is $12.12 and its two-hundred day simple moving average is $11.86. Banco Santander, S.A. has a 12 month low of $7.83 and a 12 month high of $13.24.

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

Wall Street Analyst Weigh In

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

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.