Marietta Investment Partners LLC Has $5.59 Million Stake in Banco Santander, S.A. $SAN

Marietta Investment Partners LLC increased its position in shares of Banco Santander, S.A. (NYSE:SAN) by 35.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 476,442 shares of the bank’s stock after buying an additional 123,692 shares during the period. Banco Santander accounts for approximately 1.1% of Marietta Investment Partners LLC’s investment portfolio, making the stock its 26th biggest position. Marietta Investment Partners LLC’s holdings in Banco Santander were worth $5,589,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in Banco Santander by 3.3% during the third quarter. JPMorgan Chase & Co. now owns 2,954,166 shares of the bank’s stock worth $30,960,000 after buying an additional 95,069 shares during the last quarter. Capital International Investors increased its holdings in Banco Santander by 67.5% during the third quarter. Capital International Investors now owns 14,529,024 shares of the bank’s stock worth $149,504,000 after buying an additional 5,856,034 shares during the last quarter. US Bancorp DE increased its holdings in Banco Santander by 14.3% during the fourth quarter. US Bancorp DE now owns 713,050 shares of the bank’s stock worth $8,364,000 after buying an additional 89,253 shares during the last quarter. Natixis Advisors LLC increased its holdings in Banco Santander by 17.5% during the third quarter. Natixis Advisors LLC now owns 3,286,999 shares of the bank’s stock worth $34,448,000 after buying an additional 489,022 shares during the last quarter. Finally, Clark Capital Management Group Inc. increased its holdings in Banco Santander by 26.2% during the third quarter. Clark Capital Management Group Inc. now owns 7,156,053 shares of the bank’s stock worth $74,995,000 after buying an additional 1,485,006 shares during the last quarter. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SAN has been the subject of a number of research analyst reports. UBS Group reaffirmed a “buy” rating on shares of Banco Santander in a research report on Monday, February 16th. Royal Bank Of Canada raised shares of Banco Santander from a “sector perform” rating to an “outperform” rating in a research report on Monday, February 23rd. Santander reaffirmed an “outperform” rating on shares of Banco Santander in a research report on Tuesday, May 12th. Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 23rd. Finally, Weiss Ratings cut shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, May 8th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Banco Santander Price Performance

SAN stock opened at $12.19 on Thursday. The company has a fifty day moving average price of $11.98 and a two-hundred day moving average price of $11.79. Banco Santander, S.A. has a one year low of $7.82 and a one year high of $13.24. The stock has a market cap of $178.99 billion, a price-to-earnings ratio of 10.07, a price-to-earnings-growth ratio of 0.71 and a beta of 0.73.

Banco Santander (NYSE:SAN) last announced its earnings results on Wednesday, April 29th. The bank reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The business had revenue of $17.53 billion during the quarter, compared to the consensus estimate of $17.66 billion. Banco Santander had a net margin of 26.92% and a return on equity of 12.23%. Research analysts anticipate that Banco Santander, S.A. will post 1.11 EPS for the current fiscal year.

Banco Santander Company Profile

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.