Pekin Hardy Strauss Inc. Purchases 95,100 Shares of Banco Santander, S.A. (NYSE:SAN)

Pekin Hardy Strauss Inc. lifted its holdings in Banco Santander, S.A. (NYSE:SAN - Free Report) by 413.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 118,100 shares of the bank's stock after purchasing an additional 95,100 shares during the quarter. Pekin Hardy Strauss Inc.'s holdings in Banco Santander were worth $791,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC boosted its stake in Banco Santander by 2,226.3% during the fourth quarter. Larson Financial Group LLC now owns 5,839 shares of the bank's stock worth $27,000 after buying an additional 5,588 shares during the period. Wayfinding Financial LLC purchased a new position in Banco Santander during the first quarter worth $28,000. WealthCollab LLC boosted its stake in Banco Santander by 35.1% during the fourth quarter. WealthCollab LLC now owns 7,801 shares of the bank's stock worth $36,000 after buying an additional 2,028 shares during the period. Prospect Financial Group LLC purchased a new position in Banco Santander during the fourth quarter worth $46,000. Finally, HUB Investment Partners LLC purchased a new position in Banco Santander during the fourth quarter worth $47,000. 9.19% of the stock is owned by hedge funds and other institutional investors.

Banco Santander Stock Down 1.6%

Shares of SAN stock traded down $0.14 on Friday, hitting $8.44. The stock had a trading volume of 6,904,468 shares, compared to its average volume of 4,293,682. The business has a 50 day moving average price of $8.00 and a 200 day moving average price of $6.67. The company has a market cap of $127.89 billion, a PE ratio of 9.70, a P/E/G ratio of 0.93 and a beta of 0.99. Banco Santander, S.A. has a one year low of $4.27 and a one year high of $8.90.

Banco Santander (NYSE:SAN - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The bank reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $17.69 billion during the quarter, compared to the consensus estimate of $15.94 billion. Banco Santander had a return on equity of 12.26% and a net margin of 16.92%. Equities research analysts expect that Banco Santander, S.A. will post 0.83 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SAN shares. Wall Street Zen upgraded 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 set 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 company. According to data from MarketBeat, the stock currently has a consensus 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.