US Bancorp DE Has $6.54 Million Stock Holdings in Banco Santander, S.A. $SAN

US Bancorp DE boosted its position in shares of Banco Santander, S.A. (NYSE:SAN) by 35.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 623,797 shares of the bank’s stock after acquiring an additional 162,519 shares during the period. US Bancorp DE’s holdings in Banco Santander were worth $6,537,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Root Financial Partners LLC acquired a new stake in Banco Santander during the third quarter worth $25,000. True Wealth Design LLC acquired a new stake in Banco Santander in the 3rd quarter valued at about $27,000. Westside Investment Management Inc. bought a new position in Banco Santander in the 2nd quarter valued at $30,000. Atlantic Union Bankshares Corp acquired a new position in shares of Banco Santander in the 2nd quarter valued at $30,000. Finally, Smithfield Trust Co bought a new position in Banco Santander during the second quarter worth about $30,000. 9.19% of the stock is owned by institutional investors.

Banco Santander Trading Down 4.5%

Shares of NYSE:SAN opened at $12.36 on Monday. The stock’s 50-day moving average price is $12.28 and its 200-day moving average price is $10.96. Banco Santander, S.A. has a 12-month low of $5.54 and a 12-month high of $13.24. The stock has a market capitalization of $183.91 billion, a P/E ratio of 12.23, a price-to-earnings-growth ratio of 0.75 and a beta of 0.71.

Banco Santander (NYSE:SAN) last released its quarterly earnings results on Tuesday, February 3rd. The bank reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.04. The company had revenue of $18.90 billion for the quarter, compared to analyst estimates of $15.89 billion. Banco Santander had a return on equity of 12.14% and a net margin of 18.85%. As a group, research analysts predict that Banco Santander, S.A. will post 0.83 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Barclays lowered shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. DZ Bank cut Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 18th. Weiss Ratings upgraded Banco Santander from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday. UBS Group reaffirmed a “buy” rating on shares of Banco Santander in a report on Monday, February 16th. Finally, Zacks Research lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus 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.