Adero Partners LLC Increases Holdings in Banco Santander, S.A. (NYSE:SAN)

Adero Partners LLC grew its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 5.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,738 shares of the bank’s stock after buying an additional 3,549 shares during the quarter. Adero Partners LLC’s holdings in Banco Santander were worth $467,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Sowell Financial Services LLC purchased a new stake in Banco Santander in the 1st quarter worth about $74,000. D Orazio & Associates Inc. grew its stake in Banco Santander by 24.7% in the 1st quarter. D Orazio & Associates Inc. now owns 22,965 shares of the bank’s stock worth $154,000 after acquiring an additional 4,551 shares in the last quarter. CogentBlue Wealth Advisors LLC grew its stake in Banco Santander by 57.6% in the 1st quarter. CogentBlue Wealth Advisors LLC now owns 17,421 shares of the bank’s stock worth $117,000 after acquiring an additional 6,367 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Banco Santander by 3.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 89,489 shares of the bank’s stock worth $600,000 after acquiring an additional 3,317 shares in the last quarter. Finally, West Branch Capital LLC grew its stake in Banco Santander by 54,054.1% in the 1st quarter. West Branch Capital LLC now owns 20,037 shares of the bank’s stock worth $134,000 after acquiring an additional 20,000 shares in the last quarter. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Citigroup initiated coverage on shares of Banco Santander in a research note on Wednesday, June 4th. They issued a “buy” rating for the company. Keefe, Bruyette & Woods raised shares of Banco Santander from a “hold” rating to a “moderate buy” rating in a report on Monday, February 24th. Finally, Wall Street Zen raised shares of Banco Santander from a “hold” rating to a “buy” rating in a report on Tuesday, May 13th. One equities research 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 stock. According to MarketBeat, Banco Santander currently has an average rating of “Buy”.

Banco Santander Stock Performance

NYSE:SAN opened at $7.97 on Monday. The company has a debt-to-equity ratio of 13.83, a current ratio of 2.24 and a quick ratio of 0.23. The firm has a market capitalization of $120.70 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 0.77 and a beta of 1.00. The company’s 50-day moving average is $7.38 and its two-hundred day moving average is $6.19. Banco Santander, S.A. has a 1-year low of $4.27 and a 1-year high of $8.16.

Banco Santander (NYSE:SAN) last issued its quarterly earnings data on Wednesday, April 30th. The bank reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. Banco Santander had a net margin of 15.88% and a return on equity of 11.90%. The firm had revenue of $17.69 billion for the quarter, compared to analyst estimates of $15.94 billion. Analysts forecast that Banco Santander, S.A. will post 0.83 EPS for the current 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.