248,251 Shares in Banco Santander, S.A. $SAN Bought by Nwam LLC

Key Points

• Nwam LLC purchased 248,251 Banco Santander shares during the second quarter, establishing a new stake valued at approximately $3.43 million.
• Several major institutional investors increased their holdings, including Lazard, Bank of America, Raymond James, Morgan Stanley and Northern Trust. Institutional investors collectively own 9.19% of SAN.
• Banco Santander shares opened at $14.40, near their 52-week high of $15.00. The bank narrowly missed quarterly earnings expectations, while analysts maintain a consensus “Moderate Buy” rating.

Nwam LLC purchased a new stake in Banco Santander, S.A. (NYSE:SAN - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund purchased 248,251 shares of the bank's stock, valued at approximately $3,426,000.

Several other hedge funds have also bought and sold shares of SAN. Lazard Asset Management LLC grew its position in shares of Banco Santander by 2,038,075.5% during the second quarter. Lazard Asset Management LLC now owns 7,643,158 shares of the bank's stock valued at $63,438,000 after purchasing an additional 7,642,783 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Banco Santander by 118.9% in the first quarter. Bank of America Corp DE now owns 11,413,194 shares of the bank's stock worth $128,741,000 after buying an additional 6,198,828 shares in the last quarter. Raymond James Financial Inc. boosted its stake in Banco Santander by 225.3% during the third quarter. Raymond James Financial Inc. now owns 4,100,768 shares of the bank's stock valued at $42,976,000 after buying an additional 2,840,145 shares during the last quarter. Morgan Stanley grew its holdings in Banco Santander by 3.2% during the 4th quarter. Morgan Stanley now owns 56,109,418 shares of the bank's stock valued at $658,164,000 after buying an additional 1,719,432 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Banco Santander by 8.5% in the 3rd quarter. Northern Trust Corp now owns 12,844,029 shares of the bank's stock worth $134,605,000 after acquiring an additional 1,000,811 shares during the last quarter. Hedge funds and other institutional investors own 9.19% of the company's stock.

Banco Santander Stock Performance

Shares of Banco Santander stock opened at $14.40 on Wednesday. The stock has a market cap of $211.53 billion, a price-to-earnings ratio of 11.71, a price-to-earnings-growth ratio of 0.72 and a beta of 0.74. The stock has a 50 day moving average price of $14.10 and a 200-day moving average price of $12.77. Banco Santander, S.A. has a one year low of $9.31 and a one year high of $15.00.

Banco Santander (NYSE:SAN - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.02). The company had revenue of $17.93 billion for the quarter, compared to analysts' expectations of $17.90 billion. Banco Santander had a net margin of 26.94% and a return on equity of 12.43%. Sell-side analysts predict that Banco Santander, S.A. will post 1.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on SAN shares. Weiss Ratings downgraded Banco Santander from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Wednesday, July 29th. Wall Street Zen downgraded shares of Banco Santander from a "buy" rating to a "hold" rating in a research note on Saturday, July 18th. Finally, Santander reissued a "buy" rating on shares of Banco Santander in a research note on Tuesday, June 23rd. Six analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Banco Santander presently has a consensus rating of "Moderate Buy".

Banco Santander Profile

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.

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