Marietta Investment Partners LLC Acquires 123,692 Shares of Banco Santander, S.A. $SAN

Marietta Investment Partners LLC grew its holdings in Banco Santander, S.A. (NYSE:SAN) by 35.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 476,442 shares of the bank’s stock after acquiring an additional 123,692 shares during the quarter. Banco Santander accounts for approximately 1.1% of Marietta Investment Partners LLC’s investment portfolio, making the stock its 26th biggest position. Marietta Investment Partners LLC’s holdings in Banco Santander were worth $5,589,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Orca Wealth Management LLC boosted its position in shares of Banco Santander by 1.4% in the fourth quarter. Orca Wealth Management LLC now owns 65,572 shares of the bank’s stock valued at $852,000 after acquiring an additional 894 shares during the period. Composition Wealth LLC boosted its position in shares of Banco Santander by 8.3% in the fourth quarter. Composition Wealth LLC now owns 12,442 shares of the bank’s stock valued at $146,000 after acquiring an additional 952 shares during the period. West Family Investments Inc. lifted its position in Banco Santander by 2.0% during the third quarter. West Family Investments Inc. now owns 49,186 shares of the bank’s stock worth $515,000 after purchasing an additional 965 shares during the period. Riversedge Advisors LLC lifted its position in Banco Santander by 3.5% during the fourth quarter. Riversedge Advisors LLC now owns 29,426 shares of the bank’s stock worth $345,000 after purchasing an additional 987 shares during the period. Finally, Stratos Investment Management LLC lifted its position in Banco Santander by 6.3% during the fourth quarter. Stratos Investment Management LLC now owns 16,870 shares of the bank’s stock worth $198,000 after purchasing an additional 1,005 shares during the period. Institutional investors own 9.19% of the company’s stock.

Banco Santander Trading Down 1.8%

Shares of NYSE SAN opened at $12.19 on Thursday. The company has a market cap of $178.99 billion, a price-to-earnings ratio of 10.07, a PEG ratio of 0.71 and a beta of 0.73. Banco Santander, S.A. has a 12 month low of $7.82 and a 12 month high of $13.24. The stock has a 50-day moving average price of $11.98 and a two-hundred day moving average price of $11.79.

Banco Santander (NYSE:SAN) last issued its earnings results on Wednesday, April 29th. The bank reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). The business 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%. On average, sell-side analysts predict that Banco Santander, S.A. will post 1.11 earnings per share for the current year.

Analysts Set New Price Targets

SAN has been the subject of several recent analyst reports. Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 23rd. Weiss Ratings cut shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, May 8th. UBS Group reaffirmed a “buy” rating on shares of Banco Santander in a research report on Monday, February 16th. Santander reaffirmed an “outperform” rating on shares of Banco Santander in a research report on Tuesday, May 12th. Finally, Wall Street Zen raised shares of Banco Santander from a “hold” rating to a “buy” rating in a research report on Sunday, April 26th. 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 MarketBeat.com, the company presently 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.