Banco Santander, S.A. $SAN Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. increased its position in Banco Santander, S.A. (NYSE:SAN) by 10.4% in the first quarter, HoldingsChannel.com reports. The fund owned 1,473,746 shares of the bank’s stock after buying an additional 138,582 shares during the period. QRG Capital Management Inc.’s holdings in Banco Santander were worth $16,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. Eagle Bay Advisors LLC purchased a new stake in Banco Santander in the 4th quarter worth approximately $31,000. Cullen Frost Bankers Inc. purchased a new position in shares of Banco Santander during the 4th quarter valued at approximately $34,000. Binnacle Investments Inc increased its holdings in shares of Banco Santander by 96.2% during the 3rd quarter. Binnacle Investments Inc now owns 3,227 shares of the bank’s stock valued at $34,000 after purchasing an additional 1,582 shares in the last quarter. Sound Income Strategies LLC lifted its stake in shares of Banco Santander by 11,752.0% in the 4th quarter. Sound Income Strategies LLC now owns 2,963 shares of the bank’s stock valued at $36,000 after purchasing an additional 2,938 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new stake in Banco Santander during the fourth quarter worth $42,000. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Banco Santander Price Performance

Shares of SAN stock opened at $13.96 on Friday. Banco Santander, S.A. has a 1-year low of $8.28 and a 1-year high of $14.18. The company has a market cap of $205.14 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 0.79 and a beta of 0.72. The stock has a 50 day simple moving average of $12.60 and a 200-day simple moving average of $12.16.

Banco Santander (NYSE:SAN) last released 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 company had revenue of $17.53 billion during the quarter, compared to analyst estimates of $17.66 billion. Banco Santander had a net margin of 26.92% and a return on equity of 12.23%. Analysts anticipate that Banco Santander, S.A. will post 1.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on SAN. Santander restated an “overweight” rating on shares of Banco Santander in a research report on Thursday. Morgan Stanley upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 23rd. Wall Street Zen raised shares of Banco Santander from a “hold” rating to a “buy” rating in a research note on Sunday, April 26th. Finally, Weiss Ratings lowered Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average 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.