Nwam LLC Acquires New Shares in Banco Santander, S.A. (NYSE:SAN)

Nwam LLC purchased a new position in Banco Santander, S.A. (NYSE:SAN - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 638,747 shares of the bank's stock, valued at approximately $4,280,000.

Several other large investors also recently modified their holdings of the business. FMR LLC grew its holdings in shares of Banco Santander by 5.1% during the fourth quarter. FMR LLC now owns 21,953,176 shares of the bank's stock worth $100,106,000 after buying an additional 1,059,449 shares in the last quarter. Chevy Chase Trust Holdings LLC boosted its position in Banco Santander by 30.5% during 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 purchasing an additional 2,774,449 shares during the last quarter. Northern Trust Corp boosted its position in Banco Santander by 46.4% during the fourth quarter. Northern Trust Corp now owns 10,775,261 shares of the bank's stock valued at $49,135,000 after purchasing an additional 3,413,685 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in Banco Santander by 7.2% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 5,429,260 shares of the bank's stock valued at $24,757,000 after purchasing an additional 362,500 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Banco Santander by 4.9% during the fourth quarter. American Century Companies Inc. now owns 3,407,110 shares of the bank's stock valued at $15,536,000 after purchasing an additional 159,378 shares during the last quarter. 9.19% of the stock is currently owned by institutional investors.

Banco Santander Stock Performance

NYSE:SAN traded down $0.02 during mid-day trading on Friday, hitting $8.50. 705,873 shares of the stock were exchanged, compared to its average volume of 4,390,823. The firm's 50-day simple moving average is $8.09 and its 200 day simple moving average is $6.78. Banco Santander, S.A. has a fifty-two week low of $4.27 and a fifty-two week high of $8.90. The stock has a market capitalization of $128.72 billion, a price-to-earnings ratio of 9.76, a price-to-earnings-growth ratio of 0.94 and a beta of 0.99.

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. On average, analysts predict that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on SAN shares. Wall Street Zen raised Banco Santander from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Citigroup started coverage on Banco Santander in a research report on Wednesday, June 4th. They issued a "buy" rating for the company. One 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 stock. According to data from MarketBeat, the stock has an average rating of "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.

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