Arrowpoint Investment Partners Singapore Pte. Ltd. Acquires New Holdings in Banco Santander, S.A. (NYSE:SAN)

Key Points

• Arrowpoint Investment Partners Singapore has invested approximately $10.18 million in Banco Santander, acquiring 1,519,618 shares, making it the firm's 5th largest holding.
• Institutional investors have shown increasing interest in Banco Santander, with notable upticks in share ownership by firms such as FMR LLC and Chevy Chase Trust Holdings LLC in recent quarters.
• Banco Santander's stock is rated as a "Moderate Buy" by analysts, with several firms recently changing their ratings, indicating a potential outlook for growth.

Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new position in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,519,618 shares of the bank's stock, valued at approximately $10,181,000. Banco Santander accounts for approximately 1.2% of Arrowpoint Investment Partners Singapore Pte. Ltd.'s holdings, making the stock its 5th biggest holding.

Several other large investors also recently modified their holdings of the company. FMR LLC lifted its position 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 in the last quarter. Chevy Chase Trust Holdings LLC lifted its position in shares of Banco Santander by 30.5% during the first quarter. Chevy Chase Trust Holdings LLC now owns 11,875,594 shares of the bank's stock valued at $79,566,000 after purchasing an additional 2,774,449 shares in the last quarter. Northern Trust Corp lifted its position in shares of Banco Santander by 46.4% during the fourth quarter. Northern Trust Corp now owns 10,775,261 shares of the bank's stock valued at $49,135,000 after purchasing an additional 3,413,685 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in shares of Banco Santander by 7.2% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 5,429,260 shares of the bank's stock valued at $24,757,000 after purchasing an additional 362,500 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Banco Santander by 19.9% during the fourth quarter. Bank of America Corp DE now owns 2,655,351 shares of the bank's stock valued at $12,108,000 after purchasing an additional 440,676 shares in the last quarter. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SAN. Wall Street Zen raised shares of Banco Santander from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Kepler Capital Markets lowered shares of Banco Santander from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Finally, Citigroup began coverage on shares of Banco Santander in a research report on Wednesday, June 4th. They issued a "buy" rating on the stock. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy".

Banco Santander Price Performance

Shares of SAN traded up $0.01 during trading hours on Friday, hitting $9.63. The company's stock had a trading volume of 2,653,198 shares, compared to its average volume of 4,836,558. The company has a market cap of $143.35 billion, a price-to-earnings ratio of 10.70, a PEG ratio of 1.08 and a beta of 1.06. The business has a 50 day simple moving average of $8.55 and a two-hundred day simple moving average of $7.38. Banco Santander, S.A. has a 52-week low of $4.43 and a 52-week high of $9.70.

Banco Santander (NYSE:SAN - Get Free Report) last posted its earnings results on Wednesday, July 30th. The bank reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.04). The business had revenue of $17.83 billion during the quarter, compared to analysts' expectations of $17.69 billion. Banco Santander had a return on equity of 11.98% and a net margin of 17.30%. Research analysts predict that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

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.