US Bancorp DE lifted its holdings in Banco Santander, S.A. (NYSE:SAN – Free Report) by 16.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 356,348 shares of the bank’s stock after purchasing an additional 51,269 shares during the period. US Bancorp DE’s holdings in Banco Santander were worth $1,475,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. acquired a new position in shares of Banco Santander in the fourth quarter worth $35,000. Riversedge Advisors LLC acquired a new position in Banco Santander during the 4th quarter worth $42,000. Coldstream Capital Management Inc. purchased a new stake in Banco Santander during the 4th quarter worth about $42,000. Raymond James Trust N.A. acquired a new stake in Banco Santander in the 4th quarter valued at about $43,000. Finally, HB Wealth Management LLC purchased a new position in shares of Banco Santander in the 4th quarter valued at about $43,000. 9.19% of the stock is owned by hedge funds and other institutional investors.
Banco Santander Stock Up 1.9 %
Shares of NYSE SAN opened at $5.24 on Friday. Banco Santander, S.A. has a 1 year low of $3.20 and a 1 year high of $5.27. The company has a market capitalization of $82.93 billion, a price-to-earnings ratio of 7.28, a price-to-earnings-growth ratio of 0.50 and a beta of 1.19. The company has a debt-to-equity ratio of 13.96, a current ratio of 2.27 and a quick ratio of 0.35. The business has a 50-day moving average of $4.95 and a two-hundred day moving average of $4.41.
Banco Santander (NYSE:SAN – Get Free Report) last posted its earnings results on Tuesday, April 30th. The bank reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). The business had revenue of $16.34 billion for the quarter. Banco Santander had a return on equity of 10.95% and a net margin of 14.98%. On average, analysts forecast that Banco Santander, S.A. will post 0.81 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several analysts recently weighed in on SAN shares. Barclays raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Monday, March 25th. StockNews.com upgraded shares of Banco Santander from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 14th.
Read Our Latest Stock Report on Banco Santander
Banco Santander Company Profile
Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.
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Source: defenseworld.net
