US Bancorp DE Has $3.22 Million Holdings in Banco Santander, S.A. (NYSE:SAN)

US Bancorp DE boosted its holdings in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 6.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 480,050 shares of the bank's stock after purchasing an additional 28,243 shares during the period. US Bancorp DE's holdings in Banco Santander were worth $3,216,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Wayfinding Financial LLC purchased a new stake in shares of Banco Santander in the 1st quarter valued at approximately $28,000. WealthCollab LLC lifted its position in shares of Banco Santander by 35.1% in the 4th quarter. WealthCollab LLC now owns 7,801 shares of the bank's stock valued at $36,000 after acquiring an additional 2,028 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of Banco Santander by 63.2% in the 1st quarter. Larson Financial Group LLC now owns 9,532 shares of the bank's stock valued at $64,000 after acquiring an additional 3,693 shares in the last quarter. Park Capital Management LLC WI purchased a new stake in shares of Banco Santander in the 1st quarter valued at approximately $71,000. Finally, Insight Advisors LLC PA purchased a new stake in shares of Banco Santander in the 1st quarter valued at approximately $73,000. 9.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SAN shares. Citigroup started coverage on shares of Banco Santander in a research report on Wednesday, June 4th. They issued a "buy" rating for the company. Wall Street Zen upgraded shares of Banco Santander from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Finally, Kepler Capital Markets downgraded shares of Banco Santander from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Banco Santander has an average rating of "Moderate Buy".

Banco Santander Stock Up 2.5%

Shares of SAN traded up $0.23 during mid-day trading on Friday, hitting $9.31. 5,172,400 shares of the company's stock were exchanged, compared to its average volume of 5,864,722. The firm has a fifty day moving average of $8.40 and a two-hundred day moving average of $7.24. Banco Santander, S.A. has a twelve month low of $4.43 and a twelve month high of $9.32. The stock has a market cap of $138.58 billion, a price-to-earnings ratio of 10.34, a P/E/G ratio of 1.03 and a beta of 1.06.

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