Banco Santander, S.A. $SAN Shares Purchased by Keybank National Association OH

Keybank National Association OH boosted its position in Banco Santander, S.A. (NYSE:SAN) by 145.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 159,090 shares of the bank’s stock after acquiring an additional 94,161 shares during the quarter. Keybank National Association OH’s holdings in Banco Santander were worth $1,795,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Morgan Stanley increased its stake in Banco Santander by 3.2% in the fourth quarter. Morgan Stanley now owns 56,109,418 shares of the bank’s stock valued at $658,164,000 after purchasing an additional 1,719,432 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Banco Santander by 2.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 18,037,272 shares of the bank’s stock valued at $211,577,000 after acquiring an additional 398,787 shares during the last quarter. Capital International Investors lifted its holdings in shares of Banco Santander by 1.6% during the fourth quarter. Capital International Investors now owns 14,766,849 shares of the bank’s stock worth $174,839,000 after purchasing an additional 237,825 shares during the period. Northern Trust Corp boosted its holdings in shares of Banco Santander by 8.5% in the third quarter. Northern Trust Corp now owns 12,844,029 shares of the bank’s stock valued at $134,605,000 after acquiring an additional 1,000,811 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in Banco Santander by 4.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 9,400,907 shares of the bank’s stock valued at $110,273,000 after purchasing an additional 419,035 shares in the last quarter. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander Stock Performance

Banco Santander stock traded down $0.07 during trading on Tuesday, reaching $14.30. 1,289,776 shares of the company’s stock were exchanged, compared to its average volume of 11,000,577. Banco Santander, S.A. has a 52-week low of $8.28 and a 52-week high of $14.39. The company’s 50-day moving average is $12.60 and its two-hundred day moving average is $12.17. The firm has a market cap of $210.13 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 0.79 and a beta of 0.72.

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on SAN. Weiss Ratings cut shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, May 8th. Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 23rd. Santander reissued a “buy” rating on shares of Banco Santander in a research note on Tuesday, June 23rd. Finally, Wall Street Zen raised Banco Santander from a “hold” rating to a “buy” rating in a research note on Sunday, April 26th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Banco Santander currently has an average rating of “Moderate Buy”.

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.