Chevy Chase Trust Holdings LLC Boosts Stake in Banco Santander, S.A. (NYSE:SAN)

Chevy Chase Trust Holdings LLC increased its stake in Banco Santander, S.A. (NYSE:SAN - Free Report) by 30.5% in the first quarter, according to the company in its most recent Form 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 period. Chevy Chase Trust Holdings LLC owned 0.08% of Banco Santander worth $79,566,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SAN. Atria Investments Inc lifted its position in Banco Santander by 7.1% during 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 period. WealthCollab LLC boosted its stake in Banco Santander by 35.1% during the fourth quarter. WealthCollab LLC now owns 7,801 shares of the bank's stock worth $36,000 after acquiring an additional 2,028 shares in the last quarter. Principal Securities Inc. grew its holdings in Banco Santander by 13.4% in the fourth quarter. Principal Securities Inc. now owns 17,230 shares of the bank's stock worth $79,000 after purchasing an additional 2,032 shares during the period. Huntington National Bank increased its stake 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 in the last quarter. Finally, PDS Planning Inc boosted its position in shares of Banco Santander by 5.3% in the 4th quarter. PDS Planning Inc now owns 53,149 shares of the bank's stock worth $242,000 after purchasing an additional 2,670 shares in the last quarter. 9.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SAN shares. Citigroup started coverage on Banco Santander in a research note on Wednesday, June 4th. They set a "buy" rating for the company. Wall Street Zen raised Banco Santander from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Finally, Keefe, Bruyette & Woods raised shares of Banco Santander from a "hold" rating to a "moderate buy" rating in a research report on Monday, February 24th. 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy".

Banco Santander Stock Performance

Shares of SAN stock traded up $0.26 during mid-day trading on Tuesday, hitting $8.26. The company's stock had a trading volume of 5,672,505 shares, compared to its average volume of 4,044,495. The stock has a market cap of $125.08 billion, a price-to-earnings ratio of 9.49, a PEG ratio of 0.98 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 business has a 50-day moving average price of $7.60 and a 200 day moving average price of $6.33.

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

Banco Santander Company 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.