Aaron Wealth Advisors LLC Has $2.21 Million Holdings in Banco Santander, S.A. $SAN

Aaron Wealth Advisors LLC boosted its stake in Banco Santander, S.A. (NYSE:SAN) by 35.1% in the first quarter, HoldingsChannel reports. The firm owned 196,165 shares of the bank’s stock after acquiring an additional 50,967 shares during the period. Aaron Wealth Advisors LLC’s holdings in Banco Santander were worth $2,213,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its position in shares of Banco Santander by 77.4% during the 1st 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 raised its position in shares of Banco Santander by 3.7% in the 1st 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 boosted its stake in Banco Santander by 271.2% during the 1st 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 boosted its stake in Banco Santander by 65.3% during the 1st quarter. Focus Partners Wealth now owns 71,169 shares of the bank’s stock worth $477,000 after acquiring an additional 28,107 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Banco Santander during the first quarter valued at approximately $601,000. Institutional investors own 9.19% of the company’s stock.

Banco Santander Stock Up 0.2%

Shares of NYSE:SAN opened at $13.39 on Friday. The firm has a market cap of $196.76 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 0.76 and a beta of 0.73. Banco Santander, S.A. has a 12 month low of $8.05 and a 12 month high of $13.78. The company’s fifty day simple moving average is $12.45 and its 200 day simple moving average is $12.06.

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

Wall Street Analyst Weigh In

SAN has been the topic of several analyst reports. Wall Street Zen upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a report 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. Santander reaffirmed a “buy” rating on shares of Banco Santander in a research note on Tuesday. Finally, Weiss Ratings lowered Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 8th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Banco Santander presently has a consensus rating of “Moderate Buy”.

Banco Santander Company 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.