Focused Wealth Management Inc Makes New $665,000 Investment in Banco Santander, S.A. $SAN

Focused Wealth Management Inc acquired a new position in shares of Banco Santander, S.A. (NYSE:SAN) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 58,986 shares of the bank’s stock, valued at approximately $665,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. AQR Capital Management LLC increased its position in Banco Santander by 77.4% during the first quarter. AQR Capital Management LLC now owns 419,635 shares of the bank’s stock worth $2,812,000 after buying an additional 183,051 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in shares of Banco Santander by 3.7% in the first quarter. Integrated Wealth Concepts LLC now owns 71,990 shares of the bank’s stock valued at $482,000 after acquiring an additional 2,566 shares during the period. Jones Financial Companies Lllp grew its position in shares of Banco Santander by 271.2% during the first quarter. Jones Financial Companies Lllp now owns 10,276 shares of the bank’s stock worth $69,000 after acquiring an additional 7,508 shares during the last quarter. Focus Partners Wealth increased its holdings in shares of Banco Santander by 65.3% in the 1st quarter. Focus Partners Wealth now owns 71,169 shares of the bank’s stock valued at $477,000 after acquiring an additional 28,107 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in Banco Santander in the 1st quarter valued at $601,000. 9.19% of the stock is owned by hedge funds and other institutional investors.

Banco Santander Stock Performance

SAN stock opened at $13.60 on Wednesday. The stock has a market capitalization of $199.77 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 0.78 and a beta of 0.73. The company has a fifty day moving average of $12.41 and a 200-day moving average of $12.03. Banco Santander, S.A. has a one year low of $8.02 and a one year high of $13.78.

Banco Santander (NYSE:SAN) last issued its quarterly earnings results 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). The firm had revenue of $17.53 billion for the quarter, compared to analyst estimates of $17.66 billion. Banco Santander had a return on equity of 12.23% and a net margin of 26.92%. Equities analysts forecast that Banco Santander, S.A. will post 1.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

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