Oppenheimer Asset Management Inc. Acquires 79,073 Shares of Banco Santander, S.A. $SAN

Oppenheimer Asset Management Inc. raised its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 25.2% in the third quarter, Holdings Channel reports. The institutional investor owned 393,150 shares of the bank’s stock after acquiring an additional 79,073 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Banco Santander were worth $4,120,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of SAN. Chevy Chase Trust Holdings LLC increased its stake in shares of Banco Santander by 22.0% in the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 14,482,986 shares of the bank’s stock worth $120,209,000 after purchasing an additional 2,607,392 shares in the last quarter. Lazard Asset Management LLC increased its position in Banco Santander by 2,038,075.5% in the second quarter. Lazard Asset Management LLC now owns 7,643,158 shares of the bank’s stock worth $63,438,000 after buying an additional 7,642,783 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Banco Santander by 85.0% in the third quarter. Envestnet Asset Management Inc. now owns 5,552,931 shares of the bank’s stock worth $58,195,000 after buying an additional 2,551,675 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Banco Santander by 68.5% during the 2nd quarter. Bank of America Corp DE now owns 4,778,086 shares of the bank’s stock valued at $39,658,000 after buying an additional 1,942,579 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Banco Santander by 9.5% during the 2nd quarter. American Century Companies Inc. now owns 3,614,912 shares of the bank’s stock valued at $30,004,000 after buying an additional 315,032 shares in the last quarter. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Banco Santander Trading Down 3.1%

NYSE:SAN opened at $12.34 on Thursday. The company has a market capitalization of $183.61 billion, a P/E ratio of 12.21, a P/E/G ratio of 0.79 and a beta of 0.72. The business’s 50-day moving average is $12.01 and its 200 day moving average is $10.65. Banco Santander, S.A. has a 12 month low of $5.54 and a 12 month high of $13.11.

Banco Santander (NYSE:SAN) last released its quarterly earnings data on Tuesday, February 3rd. The bank reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. The business had revenue of $18.90 billion for the quarter, compared to the consensus estimate of $15.89 billion. Banco Santander had a return on equity of 12.14% and a net margin of 18.85%. On average, research analysts forecast that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on SAN. Wall Street Zen upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. DZ Bank downgraded shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 18th. Barclays cut shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Santander in a report on Wednesday, January 21st. Finally, UBS Group lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold”.

About Banco Santander

Banco Santander, SA (NYSE: SAN) is a Spanish multinational banking group headquartered in Santander, Spain. Founded in 1857, the bank has grown from a regional institution into one of Europe’s largest banking groups, operating a diversified financial services platform that serves retail, small and medium-sized enterprises, and large corporate clients. Santander is publicly listed in Spain and maintains American Depositary Receipts on the New York Stock Exchange under the ticker SAN.

The group’s core activities include retail and commercial banking—offering deposit accounts, payment services, mortgages, personal and auto loans, and small business financing—alongside corporate and investment banking services for larger institutional clients.