Banco Santander, S.A. (NYSE:SAN) Shares Bought by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its holdings in Banco Santander by 4.6%, owning approximately 1.33 million shares valued at nearly $8.9 million as of its latest SEC filing.
• Several institutional investors, including FMR LLC and Chevy Chase Trust Holdings LLC, have raised their stakes in Banco Santander, indicating increasing investor interest.
• Banco Santander stock received a consensus rating of "Buy" from analysts, with one strong buy, three buy, and one hold rating noted in recent reports.

Natixis Advisors LLC lifted its stake in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 4.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,329,309 shares of the bank's stock after purchasing an additional 57,922 shares during the quarter. Natixis Advisors LLC's holdings in Banco Santander were worth $8,906,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SAN. GAMMA Investing LLC grew its stake in shares of Banco Santander by 791.8% in the 1st quarter. GAMMA Investing LLC now owns 294,036 shares of the bank's stock valued at $1,970,000 after buying an additional 261,066 shares in the last quarter. Barclays PLC lifted its stake in shares of Banco Santander by 284.9% during the fourth quarter. Barclays PLC now owns 670,513 shares of the bank's stock valued at $3,057,000 after acquiring an additional 496,309 shares during the period. Chevy Chase Trust Holdings LLC lifted its stake in Banco Santander by 30.5% in the first quarter. Chevy Chase Trust Holdings LLC now owns 11,875,594 shares of the bank's stock valued at $79,566,000 after buying an additional 2,774,449 shares during the period. Bank of America Corp DE lifted its stake in Banco Santander by 19.9% in the fourth quarter. Bank of America Corp DE now owns 2,655,351 shares of the bank's stock valued at $12,108,000 after buying an additional 440,676 shares during the period. Finally, Versant Capital Management Inc raised its position in shares of Banco Santander by 48,283.3% during the first quarter. Versant Capital Management Inc now owns 72,575 shares of the bank's stock worth $486,000 after purchasing an additional 72,425 shares during the period. 9.19% of the stock is currently owned by institutional investors.

Banco Santander Stock Up 2.6%

NYSE:SAN traded up $0.24 during midday trading on Friday, hitting $9.32. The stock had a trading volume of 3,974,487 shares, compared to its average volume of 5,774,457. The stock has a 50-day moving average of $8.37 and a 200 day moving average of $7.19. The company has a market capitalization of $138.66 billion, a price-to-earnings ratio of 10.35, a PEG ratio of 0.99 and a beta of 1.06. Banco Santander, S.A. has a one year low of $4.43 and a one year high of $9.31.

Banco Santander (NYSE:SAN - Get Free Report) last issued its earnings results on Wednesday, July 30th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.04). The firm had revenue of $17.83 billion during the quarter, compared to analysts' expectations of $17.69 billion. Banco Santander had a return on equity of 11.98% and a net margin of 17.30%. On average, sell-side analysts anticipate that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.