Bank of New York Mellon Corp Purchases 47,000 Shares of Banco Santander, S.A. (NYSE:SAN)

Key Points

• Bank of New York Mellon Corp increased its holdings in Banco Santander by 7.0%, acquiring an additional 47,000 shares to bring total ownership to 715,939 shares valued at approximately $4.8 million.
• Several institutional investors, including GAMMA Investing LLC and Barclays PLC, significantly increased their stakes in Banco Santander, highlighting growing interest from hedge funds in the bank's stock.
• Banco Santander's stock has received a consensus rating of "Buy" from analysts, reflecting positive sentiment regarding its financial performance, including earnings meeting expectations in the latest quarter.

Bank of New York Mellon Corp raised its holdings in Banco Santander, S.A. (NYSE:SAN - Free Report) by 7.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 715,939 shares of the bank's stock after buying an additional 47,000 shares during the period. Bank of New York Mellon Corp's holdings in Banco Santander were worth $4,797,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Wayfinding Financial LLC bought a new stake in shares of Banco Santander during the 1st quarter worth about $28,000. WealthCollab LLC boosted its holdings in shares of Banco Santander by 35.1% during the 4th quarter. WealthCollab LLC now owns 7,801 shares of the bank's stock worth $36,000 after buying an additional 2,028 shares during the period. EP Wealth Advisors LLC bought a new stake in shares of Banco Santander during the 4th quarter worth about $55,000. Two Sigma Securities LLC bought a new stake in shares of Banco Santander during the 4th quarter worth about $61,000. Finally, Alliancebernstein L.P. bought a new stake in shares of Banco Santander during the 4th quarter worth about $63,000. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander Trading Up 2.1%

NYSE SAN traded up $0.19 during trading on Tuesday, reaching $8.94. The company's stock had a trading volume of 723,302 shares, compared to its average volume of 5,787,000. The firm has a market capitalization of $133.00 billion, a price-to-earnings ratio of 10.27, a price-to-earnings-growth ratio of 1.00 and a beta of 0.99. Banco Santander, S.A. has a 12 month low of $4.27 and a 12 month high of $8.98. The firm has a 50 day moving average price of $8.24 and a 200 day moving average price of $7.01.

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

Wall Street Analyst Weigh In

SAN has been the subject of several research analyst reports. Citigroup began coverage on shares of Banco Santander in a report on Wednesday, June 4th. They set a "buy" rating for the company. Wall Street Zen raised shares of Banco Santander from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Banco Santander currently has an average rating of "Buy".

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.