Banco Santander, S.A. (NYSE:SAN) Shares Bought by Oppenheimer & Co. Inc.

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

Other institutional investors and hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC lifted its holdings in Banco Santander by 62.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 105,415 shares of the bank's stock valued at $479,000 after purchasing an additional 40,438 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Banco Santander in the 4th quarter valued at about $3,319,000. GAMMA Investing LLC grew its holdings in Banco Santander by 791.8% in the first quarter. GAMMA Investing LLC now owns 294,036 shares of the bank's stock valued at $1,970,000 after purchasing an additional 261,066 shares during the period. Barclays PLC raised its stake in Banco Santander by 284.9% during the fourth quarter. Barclays PLC now owns 670,513 shares of the bank's stock worth $3,057,000 after purchasing an additional 496,309 shares during the period. Finally, Summit Global Investments boosted its holdings in shares of Banco Santander by 69.1% in the 4th quarter. Summit Global Investments now owns 227,478 shares of the bank's stock valued at $1,037,000 after purchasing an additional 92,987 shares during the last quarter. 9.19% of the stock is owned by institutional investors and hedge funds.

Banco Santander Price Performance

NYSE:SAN traded up $0.14 during midday trading on Friday, reaching $8.22. 924,030 shares of the company traded hands, compared to its average volume of 5,625,408. Banco Santander, S.A. has a twelve month low of $4.27 and a twelve month high of $8.39. The company has a fifty day moving average price of $7.68 and a 200 day moving average price of $6.38. The firm has a market capitalization of $124.48 billion, a price-to-earnings ratio of 9.44, a price-to-earnings-growth ratio of 0.87 and a beta of 1.00.

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 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 during the quarter, compared to the consensus estimate of $15.94 billion. On average, equities research analysts forecast that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SAN shares. Citigroup initiated coverage on Banco Santander in a report on Wednesday, June 4th. They set a "buy" rating for the company. Wall Street Zen upgraded Banco Santander from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. One 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.com, Banco Santander currently has an average rating of "Buy".

Banco Santander 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.