Ritholtz Wealth Management Has $2.57 Million Stake in Banco Santander, S.A. (NYSE:SAN)

Ritholtz Wealth Management lessened its stake in Banco Santander, S.A. (NYSE:SAN - Free Report) by 9.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 383,437 shares of the bank's stock after selling 39,668 shares during the quarter. Ritholtz Wealth Management's holdings in Banco Santander were worth $2,569,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC grew its holdings 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 purchasing an additional 5,588 shares during the period. Sierra Ocean LLC acquired a new stake in Banco Santander during the 4th quarter valued at $32,000. WealthCollab LLC boosted its position 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 purchasing an additional 2,028 shares during the period. Prospect Financial Group LLC bought a new position in shares of Banco Santander in the fourth quarter valued at about $46,000. Finally, HUB Investment Partners LLC acquired a new stake in shares of Banco Santander during the 4th quarter worth about $47,000. 9.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on SAN. Wall Street Zen raised shares of Banco Santander from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Keefe, Bruyette & Woods upgraded Banco Santander from a "hold" rating to a "moderate buy" rating in a research note on Monday, February 24th. Finally, Citigroup started coverage on Banco Santander in a research note on Wednesday, June 4th. They issued a "buy" rating for the company. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy".

Banco Santander Stock Up 1.7%

Shares of SAN traded up $0.14 during mid-day trading on Thursday, hitting $8.05. 5,468,960 shares of the company's stock were exchanged, compared to its average volume of 3,926,907. The firm has a market cap of $121.90 billion, a price-to-earnings ratio of 9.25, a price-to-earnings-growth ratio of 0.96 and a beta of 1.00. The stock's 50-day simple moving average is $7.50 and its 200-day simple moving average is $6.24. Banco Santander, S.A. has a 52 week low of $4.27 and a 52 week high of $8.39.

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

Banco Santander Company 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.