Oppenheimer & Co. Inc. Purchases 529,485 Shares of Banco Santander, S.A. (NYSE:SAN)

Oppenheimer & Co. Inc. boosted its position in Banco Santander, S.A. (NYSE:SAN - Free Report) by 856.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 591,283 shares of the bank's stock after purchasing an additional 529,485 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Banco Santander were worth $3,962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of SAN. Principal Securities Inc. lifted its stake in Banco Santander by 13.4% in the 4th quarter. Principal Securities Inc. now owns 17,230 shares of the bank's stock worth $79,000 after purchasing an additional 2,032 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in shares of Banco Santander during the 4th quarter valued at $55,000. Truist Financial Corp raised its position in shares of Banco Santander by 10.4% during the 4th quarter. Truist Financial Corp now owns 41,600 shares of the bank's stock valued at $190,000 after buying an additional 3,929 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Banco Santander by 4.3% during the 4th quarter. Private Advisor Group LLC now owns 89,339 shares of the bank's stock valued at $407,000 after buying an additional 3,707 shares in the last quarter. Finally, Ieq Capital LLC raised its position in shares of Banco Santander by 14.5% during the 4th quarter. Ieq Capital LLC now owns 101,913 shares of the bank's stock valued at $465,000 after buying an additional 12,941 shares in the last quarter. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

Banco Santander Stock Performance

Shares of SAN stock traded up $0.17 on Friday, hitting $8.25. 3,237,829 shares of the company's stock traded hands, compared to its average volume of 4,083,211. Banco Santander, S.A. has a one year low of $4.27 and a one year high of $8.39. The company's fifty day simple moving average is $7.72 and its 200 day simple moving average is $6.43. The stock has a market capitalization of $124.93 billion, a price-to-earnings ratio of 9.48, a P/E/G ratio of 0.89 and a beta of 1.00.

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

Analyst Upgrades and Downgrades

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