Marks Group Wealth Management Inc Has $1.30 Million Stake in Banco Santander, S.A. $SAN

Marks Group Wealth Management Inc boosted its position in shares of Banco Santander, S.A. (NYSE:SAN) by 1,048.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,974 shares of the bank’s stock after acquiring an additional 113,182 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Banco Santander were worth $1,299,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Root Financial Partners LLC acquired a new stake in Banco Santander in the 3rd quarter valued at about $25,000. True Wealth Design LLC acquired a new position in Banco Santander during the third quarter worth approximately $27,000. Princeton Global Asset Management LLC bought a new stake in Banco Santander in the third quarter valued at approximately $31,000. Farmers & Merchants Investments Inc. lifted its position in shares of Banco Santander by 75.0% in the third quarter. Farmers & Merchants Investments Inc. now owns 3,500 shares of the bank’s stock valued at $37,000 after buying an additional 1,500 shares during the last quarter. Finally, Westside Investment Management Inc. bought a new position in shares of Banco Santander during the 2nd quarter worth approximately $30,000. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SAN. UBS Group restated a “buy” rating on shares of Banco Santander in a research note on Monday, February 16th. Kepler Capital Markets upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a report on Tuesday, January 13th. Wall Street Zen raised shares of Banco Santander from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. DZ Bank cut shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 18th. Finally, Barclays downgraded shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Banco Santander Stock Down 0.2%

NYSE SAN opened at $12.73 on Tuesday. The company has a market capitalization of $189.42 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 0.78 and a beta of 0.72. Banco Santander, S.A. has a twelve month low of $5.54 and a twelve month high of $13.19. The stock has a fifty day simple moving average of $12.19 and a 200 day simple moving average of $10.86.

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

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.