Banco Santander, S.A. $SAN Stock Position Lifted by Keybank National Association OH

Keybank National Association OH boosted its holdings in Banco Santander, S.A. (NYSE:SAN) by 145.0% in the first quarter, HoldingsChannel.com reports. The firm owned 159,090 shares of the bank’s stock after acquiring an additional 94,161 shares during the period. Keybank National Association OH’s holdings in Banco Santander were worth $1,795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in SAN. CIBC Bancorp USA Inc. bought a new position in Banco Santander during the 3rd quarter worth $93,811,000. Lazard Asset Management LLC increased its stake in shares of Banco Santander by 2,038,075.5% during the second quarter. Lazard Asset Management LLC now owns 7,643,158 shares of the bank’s stock valued at $63,438,000 after acquiring an additional 7,642,783 shares during the period. Capital International Investors raised its stake in shares of Banco Santander by 67.5% in the 3rd quarter. Capital International Investors now owns 14,529,024 shares of the bank’s stock worth $149,504,000 after buying an additional 5,856,034 shares in the last quarter. Raymond James Financial Inc. raised its position in Banco Santander by 225.3% in the third quarter. Raymond James Financial Inc. now owns 4,100,768 shares of the bank’s stock worth $42,976,000 after acquiring an additional 2,840,145 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Banco Santander by 68.5% during the second quarter. Bank of America Corp DE now owns 4,778,086 shares of the bank’s stock valued at $39,658,000 after purchasing an additional 1,942,579 shares during the last quarter. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Monday, March 23rd. Weiss Ratings cut shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 8th. Santander reiterated a “buy” rating on shares of Banco Santander in a research note on Tuesday, June 23rd. Finally, Wall Street Zen upgraded Banco Santander from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Banco Santander Price Performance

Shares of NYSE SAN traded down $0.07 during mid-day trading on Tuesday, hitting $14.30. The company had a trading volume of 1,289,776 shares, compared to its average volume of 11,000,577. Banco Santander, S.A. has a 12 month low of $8.28 and a 12 month high of $14.39. The firm has a market cap of $210.13 billion, a P/E ratio of 11.81, a PEG ratio of 0.79 and a beta of 0.72. The business’s 50-day simple moving average is $12.60 and its 200-day simple moving average is $12.17.

Banco Santander (NYSE:SAN) last released its quarterly earnings data 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 firm had revenue of $17.53 billion for the quarter, compared to the consensus estimate of $17.66 billion. Banco Santander had a net margin of 26.92% and a return on equity of 12.23%. As a group, sell-side analysts predict that Banco Santander, S.A. will post 1.11 EPS for the current year.

Banco Santander 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.