US Bancorp DE Boosts Stake in Banco Santander, S.A. $SAN

US Bancorp DE increased its position in Banco Santander, S.A. (NYSE:SAN) by 35.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 623,797 shares of the bank’s stock after acquiring an additional 162,519 shares during the period. US Bancorp DE’s holdings in Banco Santander were worth $6,537,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Root Financial Partners LLC purchased a new position in Banco Santander during the third quarter valued at approximately $25,000. True Wealth Design LLC bought a new position in shares of Banco Santander during the 3rd quarter valued at approximately $27,000. Westside Investment Management Inc. bought a new stake in shares of Banco Santander in the 2nd quarter worth about $30,000. Atlantic Union Bankshares Corp bought a new position in shares of Banco Santander during the 2nd quarter valued at approximately $30,000. Finally, Smithfield Trust Co bought a new position in Banco Santander during the 2nd quarter valued at about $30,000. Institutional investors own 9.19% of the company’s stock.

Banco Santander Trading Down 4.5%

SAN stock opened at $12.36 on Monday. The company has a market cap of $183.91 billion, a P/E ratio of 12.23, a P/E/G ratio of 0.75 and a beta of 0.71. The company’s 50-day moving average price is $12.28 and its 200 day moving average price is $10.96. Banco Santander, S.A. has a 52 week low of $5.54 and a 52 week high of $13.24.

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

Analysts Set New Price Targets

A number of research firms have weighed in on SAN. Royal Bank Of Canada upgraded Banco Santander from a “sector perform” rating to an “outperform” rating in a report on Monday, February 23rd. UBS Group restated a “buy” rating on shares of Banco Santander in a research report on Monday, February 16th. Zacks Research cut shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. DZ Bank lowered shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 18th. Finally, Wall Street Zen raised Banco Santander from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Banco Santander currently has an average rating of “Moderate Buy”.

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.