QRG Capital Management Inc. Purchases 118,508 Shares of Banco Santander, S.A. (NYSE:SAN)

QRG Capital Management Inc. raised its position in Banco Santander, S.A. (NYSE:SAN - Free Report) by 6.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,935,314 shares of the bank's stock after buying an additional 118,508 shares during the period. QRG Capital Management Inc.'s holdings in Banco Santander were worth $12,967,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SAN. Larson Financial Group LLC grew its position in Banco Santander by 2,226.3% during the 4th quarter. Larson Financial Group LLC now owns 5,839 shares of the bank's stock worth $27,000 after acquiring an additional 5,588 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of Banco Santander during the fourth quarter worth $32,000. WealthCollab LLC increased 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 buying an additional 2,028 shares in the last quarter. Prospect Financial Group LLC bought a new position in shares of Banco Santander in the fourth quarter valued at about $46,000. Finally, HUB Investment Partners LLC acquired a new position in Banco Santander during the 4th quarter worth about $47,000. 9.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Banco Santander Stock Up 0.8%

SAN stock traded up $0.07 during midday trading on Friday, reaching $8.10. The company's stock had a trading volume of 24,461,936 shares, compared to its average volume of 4,008,720. The business's 50-day simple moving average is $7.54 and its 200-day simple moving average is $6.27. Banco Santander, S.A. has a 52 week low of $4.27 and a 52 week high of $8.39. The stock has a market cap of $122.66 billion, a PE ratio of 9.30, a price-to-earnings-growth ratio of 0.97 and a beta of 1.00.

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

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.