SG Americas Securities LLC Takes Position in Banco Santander, S.A. (NYSE:SAN)

SG Americas Securities LLC bought a new position in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 45,793 shares of the bank's stock, valued at approximately $307,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its holdings in Banco Santander by 33.1% during the 1st quarter. GAMMA Investing LLC now owns 43,886 shares of the bank's stock worth $294,000 after buying an additional 10,916 shares during the period. Wedmont Private Capital lifted its stake in shares of Banco Santander by 11.1% in the first quarter. Wedmont Private Capital now owns 38,772 shares of the bank's stock worth $249,000 after acquiring an additional 3,888 shares during the period. Sivia Capital Partners LLC boosted its holdings in Banco Santander by 6.1% in the first quarter. Sivia Capital Partners LLC now owns 60,608 shares of the bank's stock valued at $406,000 after acquiring an additional 3,479 shares during the last quarter. First Affirmative Financial Network increased its position in Banco Santander by 36.0% during the 1st quarter. First Affirmative Financial Network now owns 29,347 shares of the bank's stock valued at $197,000 after purchasing an additional 7,770 shares during the period. Finally, Insight Advisors LLC PA bought a new position in Banco Santander during the 1st quarter worth approximately $73,000. 9.19% of the stock is owned by institutional investors.

Banco Santander Stock Up 0.6%

Shares of SAN stock opened at $8.08 on Friday. The firm has a 50 day moving average of $7.68 and a 200-day moving average of $6.38. The company has a market cap of $122.36 billion, a price-to-earnings ratio of 9.28, a price-to-earnings-growth ratio of 0.87 and a beta of 1.00. 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 posted its quarterly earnings results on Wednesday, April 30th. The bank reported $0.22 EPS for the quarter, hitting analysts' consensus estimates of $0.22. Banco Santander had a net margin of 16.92% and a return on equity of 12.26%. The business had revenue of $17.69 billion during the quarter, compared to analysts' expectations of $15.94 billion. Analysts anticipate that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on SAN. Citigroup started coverage on shares of Banco Santander in a research note on Wednesday, June 4th. They issued a "buy" rating on the stock. Wall Street Zen raised Banco Santander from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Banco Santander 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.

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