229,409 Shares in Banco Santander, S.A. (NYSE:SAN) Bought by TrueMark Investments LLC

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

Several other large investors have also recently modified their holdings of the stock. Northern Trust Corp grew its position in Banco Santander by 46.4% during the 4th quarter. Northern Trust Corp now owns 10,775,261 shares of the bank's stock worth $49,135,000 after acquiring an additional 3,413,685 shares during the last quarter. FMR LLC boosted its stake in shares of Banco Santander by 5.1% during the fourth quarter. FMR LLC now owns 21,953,176 shares of the bank's stock valued at $100,106,000 after purchasing an additional 1,059,449 shares during the period. Jane Street Group LLC grew its holdings in shares of Banco Santander by 4,041.6% in the fourth quarter. Jane Street Group LLC now owns 990,966 shares of the bank's stock worth $4,519,000 after purchasing an additional 967,039 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Banco Santander in the fourth quarter worth $3,319,000. Finally, Barclays PLC raised its holdings in Banco Santander by 284.9% during the 4th quarter. Barclays PLC now owns 670,513 shares of the bank's stock valued at $3,057,000 after buying an additional 496,309 shares during the last quarter. Hedge funds and other institutional investors own 9.19% of the company's stock.

Banco Santander Price Performance

Shares of NYSE SAN opened at $8.10 on Monday. Banco Santander, S.A. has a 1 year low of $4.27 and a 1 year high of $8.39. The stock has a market capitalization of $122.66 billion, a P/E ratio of 9.30, a P/E/G ratio of 0.98 and a beta of 1.00. The company's 50-day moving average is $7.57 and its 200 day moving average is $6.31.

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

Analyst Upgrades and Downgrades

SAN has been the topic of a number of analyst reports. Citigroup started coverage on shares of Banco Santander in a research report on Wednesday, June 4th. They issued a "buy" rating on the stock. Wall Street Zen raised Banco Santander from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Finally, Keefe, Bruyette & Woods raised Banco Santander from a "hold" rating to a "moderate buy" rating in a research report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy".

Banco Santander 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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