Chevy Chase Trust Holdings LLC Has $79.57 Million Stock Holdings in Banco Santander, S.A. (NYSE:SAN)

Chevy Chase Trust Holdings LLC grew its holdings in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 30.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,875,594 shares of the bank's stock after buying an additional 2,774,449 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.08% of Banco Santander worth $79,566,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its position in Banco Santander by 2,226.3% during the fourth 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 in the last quarter. WealthCollab LLC raised its holdings 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 purchasing an additional 2,028 shares during the period. Prospect Financial Group LLC bought a new stake in shares of Banco Santander in the 4th quarter valued at about $46,000. HUB Investment Partners LLC bought a new stake in shares of Banco Santander in the 4th quarter valued at about $47,000. Finally, Park Capital Management LLC WI bought a new stake in Banco Santander in the first quarter valued at approximately $71,000. 9.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SAN. Wall Street Zen upgraded Banco Santander from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Citigroup started coverage on shares of Banco Santander in a research report on Wednesday, June 4th. They issued a "buy" rating on the stock. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy".

Banco Santander Stock Performance

Shares of NYSE SAN traded up $0.17 during trading hours on Friday, reaching $8.25. 3,237,829 shares of the stock were exchanged, compared to its average volume of 4,081,088. The firm has a market capitalization of $124.93 billion, a price-to-earnings ratio of 9.48, a P/E/G ratio of 0.87 and a beta of 1.00. Banco Santander, S.A. has a 52 week low of $4.27 and a 52 week high of $8.39. The stock's fifty day simple moving average is $7.72 and its 200 day simple moving average is $6.40.

Banco Santander (NYSE:SAN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The bank reported $0.22 EPS for the quarter, hitting analysts' consensus estimates of $0.22. Banco Santander had a return on equity of 12.26% and a net margin of 16.92%. The firm had revenue of $17.69 billion for the quarter, compared to analyst estimates of $15.94 billion. Research analysts predict that Banco Santander, S.A. will post 0.83 EPS 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.