Arrowpoint Investment Partners Singapore Pte. Ltd. Buys New Position 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 stake in Banco Santander, S.A. (NYSE:SAN - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,519,618 shares of the bank's stock, valued at approximately $10,181,000. Banco Santander comprises 1.2% of Arrowpoint Investment Partners Singapore Pte. Ltd.'s holdings, making the stock its 5th biggest position.

A number of other large investors have also added to or reduced their stakes in SAN. Northern Trust Corp lifted its stake in shares of Banco Santander by 46.4% in the fourth 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 period. Chevy Chase Trust Holdings LLC lifted its stake in shares of Banco Santander by 30.5% in the first quarter. Chevy Chase Trust Holdings LLC now owns 11,875,594 shares of the bank's stock worth $79,566,000 after acquiring an additional 2,774,449 shares during the period. Citigroup Inc. lifted its stake in shares of Banco Santander by 170.6% in the first quarter. Citigroup Inc. now owns 2,349,567 shares of the bank's stock worth $15,742,000 after acquiring an additional 1,481,207 shares during the period. FMR LLC lifted its stake in shares of Banco Santander by 5.1% in the fourth quarter. FMR LLC now owns 21,953,176 shares of the bank's stock worth $100,106,000 after acquiring an additional 1,059,449 shares during the period. Finally, Jane Street Group LLC lifted its stake 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 acquiring an additional 967,039 shares during the period. Institutional investors own 9.19% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SAN. Citigroup began coverage on Banco Santander in a report on Wednesday, June 4th. They issued a "buy" rating for the company. Kepler Capital Markets downgraded Banco Santander from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Finally, Wall Street Zen upgraded Banco Santander from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Two investment 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 MarketBeat.com, the company has a consensus rating of "Moderate Buy".

Banco Santander Trading Up 0.9%

SAN stock traded up $0.09 during mid-day trading on Thursday, reaching $9.62. The company's stock had a trading volume of 3,181,850 shares, compared to its average volume of 5,724,912. The company has a market cap of $143.12 billion, a price-to-earnings ratio of 10.68, a price-to-earnings-growth ratio of 1.05 and a beta of 1.06. Banco Santander, S.A. has a 12 month low of $4.43 and a 12 month high of $9.62. The business's 50 day moving average price is $8.49 and its 200 day moving average price is $7.32.

Banco Santander (NYSE:SAN - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The bank reported $0.22 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.04). The firm had revenue of $17.83 billion for the quarter, compared to the consensus estimate of $17.69 billion. Banco Santander had a net margin of 17.30% and a return on equity of 11.98%. As a group, equities analysts expect that Banco Santander, S.A. will post 0.83 EPS for the current fiscal 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.