Lido Advisors LLC Purchases 68,378 Shares of Banco Santander, S.A. $SAN

Lido Advisors LLC lifted its holdings in Banco Santander, S.A. (NYSE:SAN) by 162.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 110,387 shares of the bank’s stock after acquiring an additional 68,378 shares during the period. Lido Advisors LLC’s holdings in Banco Santander were worth $1,245,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. AQR Capital Management LLC grew its stake in Banco Santander by 77.4% during the first quarter. AQR Capital Management LLC now owns 419,635 shares of the bank’s stock worth $2,812,000 after purchasing an additional 183,051 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in shares of Banco Santander by 3.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 71,990 shares of the bank’s stock worth $482,000 after buying an additional 2,566 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Banco Santander by 271.2% during the 1st quarter. Jones Financial Companies Lllp now owns 10,276 shares of the bank’s stock worth $69,000 after buying an additional 7,508 shares during the period. Focus Partners Wealth increased its stake in shares of Banco Santander by 65.3% in the 1st quarter. Focus Partners Wealth now owns 71,169 shares of the bank’s stock valued at $477,000 after acquiring an additional 28,107 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in shares of Banco Santander in the 1st quarter valued at $601,000. 9.19% of the stock is owned by institutional investors and hedge funds.

Banco Santander Price Performance

Shares of NYSE:SAN opened at $13.98 on Tuesday. Banco Santander, S.A. has a twelve month low of $8.29 and a twelve month high of $14.39. The stock’s 50 day moving average is $13.14 and its 200-day moving average is $12.38. The company has a quick ratio of 0.25, a current ratio of 0.35 and a debt-to-equity ratio of 3.89. The firm has a market capitalization of $205.31 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 0.73 and a beta of 0.72.

Banco Santander (NYSE:SAN) last posted its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.02). The business had revenue of $17.93 billion during the quarter, compared to analyst estimates of $17.90 billion. Banco Santander had a net margin of 26.94% and a return on equity of 12.43%. Sell-side analysts forecast that Banco Santander, S.A. will post 1.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Santander reissued a “buy” rating on shares of Banco Santander in a research note on Tuesday, June 23rd. Weiss Ratings upgraded shares of Banco Santander from a “buy (b+)” rating to a “buy (a-)” rating in a report on Tuesday, July 14th. Finally, Wall Street Zen cut shares of Banco Santander from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock 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.