Atlas Capital Advisors Inc. Makes New Investment in Banco Santander, S.A. $SAN

Atlas Capital Advisors Inc. purchased a new position in shares of Banco Santander, S.A. (NYSE:SAN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 98,766 shares of the bank’s stock, valued at approximately $1,159,000.

A number of other large investors also recently made changes to their positions in SAN. Eagle Bay Advisors LLC purchased a new position in shares of Banco Santander during the 4th quarter worth $31,000. Cullen Frost Bankers Inc. purchased a new position in shares of Banco Santander during the 4th quarter worth $34,000. Binnacle Investments Inc lifted its stake in shares of Banco Santander by 96.2% during the 3rd 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 period. Sound Income Strategies LLC lifted its stake 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 worth $36,000 after purchasing an additional 2,938 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of Banco Santander during the 4th quarter worth $42,000. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on SAN. UBS Group reissued a “buy” rating on shares of Banco Santander in a research note on Monday, February 16th. Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 23rd. Royal Bank Of Canada raised Banco Santander from a “sector perform” rating to an “outperform” rating in a research report on Monday, February 23rd. Wall Street Zen raised Banco Santander from a “hold” rating to a “buy” rating in a research report on Sunday, April 26th. Finally, Santander reaffirmed an “outperform” rating on shares of Banco Santander in a research report on Tuesday, May 12th. 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Banco Santander Trading Down 0.2%

Shares of SAN opened at $12.85 on Monday. The firm has a market capitalization of $188.68 billion, a P/E ratio of 10.62, a price-to-earnings-growth ratio of 0.73 and a beta of 0.73. The stock’s fifty day simple moving average is $12.17 and its 200 day simple moving average is $11.90. Banco Santander, S.A. has a twelve month low of $7.83 and a twelve month high of $13.24.

Banco Santander (NYSE:SAN) last issued its 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). Banco Santander had a return on equity of 12.23% and a net margin of 26.92%.The firm had revenue of $17.53 billion during the quarter, compared to analysts’ expectations of $17.66 billion. Sell-side analysts predict that Banco Santander, S.A. will post 1.11 earnings per share for the current 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.