Capital World Investors Takes $1.32 Million Position in Banco Santander, S.A. $SAN

Capital World Investors acquired a new stake in shares of Banco Santander, S.A. (NYSE:SAN) during the 4th quarter, Holdings Channel reports. The firm acquired 111,312 shares of the bank’s stock, valued at approximately $1,318,000.

Several other institutional investors have also recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its holdings in shares of Banco Santander by 2.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 18,037,272 shares of the bank’s stock valued at $211,577,000 after purchasing an additional 398,787 shares during the period. Capital International Investors raised its holdings in shares of Banco Santander by 1.6% during the fourth quarter. Capital International Investors now owns 14,766,849 shares of the bank’s stock valued at $174,839,000 after purchasing an additional 237,825 shares during the period. Northern Trust Corp raised its holdings in shares of Banco Santander by 8.5% during the third quarter. Northern Trust Corp now owns 12,844,029 shares of the bank’s stock valued at $134,605,000 after purchasing an additional 1,000,811 shares during the period. Lazard Asset Management LLC raised its holdings in shares of Banco Santander by 20.5% during the third quarter. Lazard Asset Management LLC now owns 9,211,673 shares of the bank’s stock valued at $96,538,000 after purchasing an additional 1,568,515 shares during the period. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of Banco Santander by 4.4% during the third quarter. CIBC Private Wealth Group LLC now owns 8,981,872 shares of the bank’s stock valued at $94,130,000 after purchasing an additional 376,023 shares during the period. Institutional investors and hedge funds own 9.19% of the company’s stock.

Banco Santander Price Performance

SAN opened at $11.94 on Thursday. Banco Santander, S.A. has a fifty-two week low of $7.83 and a fifty-two week high of $13.24. The firm has a market capitalization of $175.32 billion, a PE ratio of 9.86, a P/E/G ratio of 0.70 and a beta of 0.73. The company’s 50-day moving average is $12.12 and its 200 day moving average is $11.86.

Banco Santander (NYSE:SAN) last posted 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 business had revenue of $17.53 billion during the quarter, compared to analyst estimates of $17.66 billion. As a group, analysts expect that Banco Santander, S.A. will post 1.11 EPS for the current year.

Analysts Set New Price Targets

SAN has been the topic of several research reports. Morgan Stanley upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Monday, March 23rd. Wall Street Zen upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. Santander reiterated an “outperform” rating on shares of Banco Santander in a report on Tuesday, May 12th. Weiss Ratings lowered shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 8th. Finally, Royal Bank Of Canada upgraded shares of Banco Santander from a “sector perform” rating to an “outperform” rating in a report on Monday, February 23rd. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company 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.