TrueMark Investments LLC Invests $1.54 Million in Banco Santander, S.A. (NYSE:SAN)

TrueMark Investments LLC bought a new position in Banco Santander, S.A. (NYSE:SAN - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 229,409 shares of the bank's stock, valued at approximately $1,537,000.

A number of other institutional investors have also recently modified their holdings of SAN. Allspring Global Investments Holdings LLC grew its stake in shares of Banco Santander by 15.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 109,187 shares of the bank's stock worth $490,000 after acquiring an additional 14,894 shares during the last quarter. Principal Securities Inc. boosted its position in shares of Banco Santander by 13.4% during the fourth quarter. Principal Securities Inc. now owns 17,230 shares of the bank's stock valued at $79,000 after buying an additional 2,032 shares during the last quarter. CIBC Asset Management Inc purchased a new stake in shares of Banco Santander during the fourth quarter valued at $55,000. Truist Financial Corp boosted its position in shares of Banco Santander by 10.4% during the fourth quarter. Truist Financial Corp now owns 41,600 shares of the bank's stock valued at $190,000 after buying an additional 3,929 shares during the last quarter. Finally, Private Advisor Group LLC boosted its position in shares of Banco Santander by 4.3% during the fourth quarter. Private Advisor Group LLC now owns 89,339 shares of the bank's stock valued at $407,000 after buying an additional 3,707 shares during the last quarter. 9.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wall Street Zen raised Banco Santander from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Citigroup assumed coverage on Banco Santander in a research report on Wednesday, June 4th. They set a "buy" rating on the stock. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Banco Santander presently has a consensus rating of "Buy".

Banco Santander Stock Up 0.6%

NYSE:SAN traded up $0.05 on Thursday, hitting $8.08. The stock had a trading volume of 5,165,770 shares, compared to its average volume of 4,078,220. The stock has a market cap of $122.36 billion, a price-to-earnings ratio of 9.28, a price-to-earnings-growth ratio of 0.87 and a beta of 1.00. The business's 50-day simple moving average is $7.68 and its two-hundred day simple moving average is $6.38. Banco Santander, S.A. has a 52-week low of $4.27 and a 52-week high of $8.39.

Banco Santander (NYSE:SAN - Get Free Report) last announced its earnings results on Wednesday, April 30th. The bank reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. The business had revenue of $17.69 billion for the quarter, compared to analysts' expectations of $15.94 billion. Banco Santander had a return on equity of 12.26% and a net margin of 16.92%. As a group, equities research analysts anticipate that Banco Santander, S.A. will post 0.83 EPS for the current year.

About Banco Santander

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.