GAMMA Investing LLC Increases Stake in Banco Santander, S.A. (NYSE:SAN)

GAMMA Investing LLC lifted its stake in Banco Santander, S.A. (NYSE:SAN - Free Report) by 791.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 294,036 shares of the bank's stock after purchasing an additional 261,066 shares during the quarter. GAMMA Investing LLC's holdings in Banco Santander were worth $1,970,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SAN. Allspring Global Investments Holdings LLC increased its holdings in Banco Santander by 15.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 109,187 shares of the bank's stock worth $490,000 after buying an additional 14,894 shares during the period. Chevy Chase Trust Holdings LLC lifted its holdings in Banco Santander by 106.3% in the 4th quarter. Chevy Chase Trust Holdings LLC now owns 9,101,145 shares of the bank's stock valued at $41,501,000 after purchasing an additional 4,689,461 shares in the last quarter. Principal Securities Inc. grew its position in shares of Banco Santander by 13.4% in 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 in the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of Banco Santander during the 4th quarter worth $62,000. Finally, Sierra Ocean LLC purchased a new position in shares of Banco Santander during the 4th quarter worth $32,000. Institutional investors and hedge funds own 9.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Banco Santander from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Keefe, Bruyette & Woods raised Banco Santander from a "hold" rating to a "moderate buy" rating in a research report on Monday, February 24th. Finally, Citigroup started coverage on shares of Banco Santander in a research note on Wednesday, June 4th. They issued a "buy" rating on the stock. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy".

Banco Santander Trading Down 1.5%

NYSE:SAN opened at $7.97 on Friday. The stock has a fifty day simple moving average of $7.38 and a 200-day simple moving average of $6.17. The company has a market capitalization of $120.70 billion, a PE ratio of 9.60, a price-to-earnings-growth ratio of 0.77 and a beta of 1.00. Banco Santander, S.A. has a 52-week low of $4.27 and a 52-week high of $8.13. The company has a quick ratio of 0.23, a current ratio of 2.24 and a debt-to-equity ratio of 13.83.

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. The firm had revenue of $17.69 billion during the quarter, compared to analysts' expectations of $15.94 billion. Banco Santander had a return on equity of 11.90% and a net margin of 15.88%. On average, equities research analysts expect that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

About Banco Santander

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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