Scotia Capital Inc. Grows Stake in Banco Santander, S.A. (NYSE:SAN)

Scotia Capital Inc. lifted its holdings in Banco Santander, S.A. (NYSE:SAN - Free Report) by 1,247.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,621 shares of the bank's stock after purchasing an additional 208,872 shares during the quarter. Scotia Capital Inc.'s holdings in Banco Santander were worth $1,512,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in SAN. Wayfinding Financial LLC acquired a new position in shares of Banco Santander during the first quarter valued at about $28,000. WealthCollab LLC increased its stake in Banco Santander by 35.1% during the 4th quarter. WealthCollab LLC now owns 7,801 shares of the bank's stock valued at $36,000 after purchasing an additional 2,028 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in shares of Banco Santander in the fourth quarter worth $55,000. Two Sigma Securities LLC acquired a new stake in shares of Banco Santander during the fourth quarter worth $61,000. Finally, Alliancebernstein L.P. purchased a new stake in shares of Banco Santander during the fourth quarter valued at $63,000. 9.19% of the stock is owned by institutional investors and hedge funds.

Banco Santander Stock Performance

Shares of SAN opened at $8.89 on Thursday. The business's 50-day moving average is $8.35 and its two-hundred day moving average is $7.17. The company has a market capitalization of $132.26 billion, a P/E ratio of 9.87, a P/E/G ratio of 0.97 and a beta of 1.06. Banco Santander, S.A. has a fifty-two week low of $4.41 and a fifty-two week high of $8.98.

Banco Santander (NYSE:SAN - Get Free Report) last posted its earnings results on Wednesday, July 30th. The bank reported $0.22 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.04). Banco Santander had a return on equity of 11.98% and a net margin of 17.30%. The company had revenue of $17.83 billion for the quarter, compared to analyst estimates of $17.69 billion. Analysts forecast that Banco Santander, S.A. will post 0.83 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have 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 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 given a strong buy rating to the company's stock. According to MarketBeat.com, Banco Santander has a consensus rating of "Buy".

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.

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