490,000 Shares in Banco Santander, S.A. (NYSE:SAN) Bought by New York State Common Retirement Fund

New York State Common Retirement Fund bought a new position in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 490,000 shares of the bank's stock, valued at approximately $3,283,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SAN. HBK Sorce Advisory LLC raised its stake in shares of Banco Santander by 9.8% in the first quarter. HBK Sorce Advisory LLC now owns 19,206 shares of the bank's stock valued at $129,000 after acquiring an additional 1,711 shares during the period. WealthCollab LLC raised its stake in shares of Banco Santander by 35.1% in the fourth quarter. WealthCollab LLC now owns 7,801 shares of the bank's stock valued at $36,000 after acquiring an additional 2,028 shares during the period. Huntington National Bank raised its stake in shares of Banco Santander by 14.0% in the fourth quarter. Huntington National Bank now owns 19,459 shares of the bank's stock valued at $89,000 after acquiring an additional 2,393 shares during the period. May Hill Capital LLC raised its stake in shares of Banco Santander by 12.8% in the first quarter. May Hill Capital LLC now owns 21,917 shares of the bank's stock valued at $147,000 after acquiring an additional 2,481 shares during the period. Finally, Lido Advisors LLC raised its stake in shares of Banco Santander by 9.7% in the fourth quarter. Lido Advisors LLC now owns 36,699 shares of the bank's stock valued at $167,000 after acquiring an additional 3,234 shares during the period. Institutional investors own 9.19% of the company's stock.

Banco Santander Stock Up 0.1%

Shares of SAN opened at $8.50 on Wednesday. The stock has a 50 day moving average price of $8.11 and a 200 day moving average price of $6.84. The company has a market capitalization of $126.45 billion, a price-to-earnings ratio of 9.76, a price-to-earnings-growth ratio of 0.94 and a beta of 0.99. Banco Santander, S.A. has a 52-week low of $4.27 and a 52-week high of $8.90.

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

Analyst Ratings Changes

SAN has been the topic of a number of research reports. Wall Street Zen raised shares of Banco Santander from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Citigroup began coverage on shares of Banco Santander in a report on Wednesday, June 4th. They issued a "buy" rating on the stock. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Banco Santander currently has a consensus rating of "Buy".

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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