36,398 Shares in Banco Santander, S.A. $SAN Acquired by Nykredit A S

Nykredit A S purchased a new stake in Banco Santander, S.A. (NYSE:SAN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 36,398 shares of the bank’s stock, valued at approximately $502,000.

A number of other institutional investors and hedge funds also recently modified their holdings of SAN. Acumen Wealth Advisors LLC raised its position in shares of Banco Santander by 117.9% during the first quarter. Acumen Wealth Advisors LLC now owns 2,308 shares of the bank’s stock worth $26,000 after purchasing an additional 1,249 shares during the period. Whipplewood Advisors LLC purchased a new position in Banco Santander in the 1st quarter worth about $28,000. Financial Management Professionals Inc. raised its holdings in Banco Santander by 151.1% during the 2nd quarter. Financial Management Professionals Inc. now owns 2,471 shares of the bank’s stock worth $34,000 after buying an additional 1,487 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in Banco Santander during the fourth quarter valued at about $34,000. Finally, Binnacle Investments Inc boosted its holdings in shares of Banco Santander by 96.2% in the third quarter. Binnacle Investments Inc now owns 3,227 shares of the bank’s stock worth $34,000 after buying an additional 1,582 shares during the period. Institutional investors and hedge funds own 9.19% of the company’s stock.

Banco Santander Price Performance

NYSE:SAN opened at $14.86 on Wednesday. The stock has a market cap of $218.21 billion, a PE ratio of 12.08, a price-to-earnings-growth ratio of 0.74 and a beta of 0.74. Banco Santander, S.A. has a fifty-two week low of $9.62 and a fifty-two week high of $15.05. The stock’s 50-day moving average is $14.24 and its two-hundred day moving average is $12.86.

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 analysts’ consensus estimates of $0.29 by ($0.02). Banco Santander had a return on equity of 12.43% and a net margin of 26.94%.The company had revenue of $17.93 billion during the quarter, compared to analysts’ expectations of $17.90 billion. On average, equities research analysts anticipate that Banco Santander, S.A. will post 1.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SAN. Wall Street Zen downgraded shares of Banco Santander from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Santander reaffirmed a “buy” rating on shares of Banco Santander in a research note on Tuesday, June 23rd. Finally, Weiss Ratings cut shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Wednesday, July 29th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

About Banco Santander

Banco Santander, SA is a global banking group headquartered in Santander, Spain. Founded in 1857, the company provides financial products and services to individuals, businesses, institutions and governments through its banking operations in Europe, North America and South America.

Its principal activities include retail and commercial banking, consumer finance, corporate and investment banking, private banking, asset management, insurance and payment services. Santander offers products such as current and savings accounts, mortgages, personal loans, credit cards, business financing, investment products and digital banking services.

The group operates through established franchises in markets including Spain, the United Kingdom, Portugal, Poland, Brazil, Mexico, Chile, Argentina and the United States.