QRG Capital Management Inc. raised its stake in Banco Santander, S.A. (NYSE:SAN - Free Report) by 6.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,935,314 shares of the bank's stock after buying an additional 118,508 shares during the quarter. QRG Capital Management Inc.'s holdings in Banco Santander were worth $12,967,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Atria Investments Inc lifted its stake in Banco Santander by 7.1% in the fourth quarter. Atria Investments Inc now owns 28,990 shares of the bank's stock valued at $132,000 after buying an additional 1,917 shares during the last quarter. WealthCollab LLC increased its holdings in shares of Banco Santander by 35.1% during the fourth quarter. WealthCollab LLC now owns 7,801 shares of the bank's stock valued at $36,000 after purchasing an additional 2,028 shares during the period. Principal Securities Inc. increased its holdings in shares of Banco Santander by 13.4% during the fourth quarter. Principal Securities Inc. now owns 17,230 shares of the bank's stock valued at $79,000 after purchasing an additional 2,032 shares during the period. Huntington National Bank increased its holdings in shares of Banco Santander by 14.0% during the fourth quarter. Huntington National Bank now owns 19,459 shares of the bank's stock valued at $89,000 after purchasing an additional 2,393 shares during the period. Finally, PDS Planning Inc increased its holdings in shares of Banco Santander by 5.3% during the fourth quarter. PDS Planning Inc now owns 53,149 shares of the bank's stock valued at $242,000 after purchasing an additional 2,670 shares during the period. 9.19% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. Citigroup started coverage on Banco Santander in a report on Wednesday, June 4th. They set a "buy" rating on the stock. Keefe, Bruyette & Woods raised Banco Santander from a "hold" rating to a "moderate buy" rating in a report on Monday, February 24th. Finally, Wall Street Zen raised Banco Santander from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy".
Check Out Our Latest Stock Report on Banco Santander
Banco Santander Stock Performance
SAN traded up $0.14 during trading on Wednesday, reaching $8.05. The company had a trading volume of 5,468,960 shares, compared to its average volume of 3,926,907. The firm's 50-day simple moving average is $7.47 and its 200 day simple moving average is $6.23. The company has a market cap of $121.90 billion, a price-to-earnings ratio of 9.25, a PEG ratio of 0.96 and a beta of 1.00. Banco Santander, S.A. has a 12-month low of $4.27 and a 12-month high of $8.39.
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 analysts' consensus estimates of $0.22. The firm had revenue of $17.69 billion for the quarter, compared to analysts' expectations of $15.94 billion. Banco Santander had a return on equity of 12.26% and a net margin of 16.92%. On average, sell-side analysts expect that Banco Santander, S.A. will post 0.83 EPS for the current year.
Banco Santander Profile
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Free Report)
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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