Banco Santander, S.A. $SAN Stock Holdings Lifted by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 13.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 377,917 shares of the bank’s stock after buying an additional 46,186 shares during the period. PNC Financial Services Group Inc.’s holdings in Banco Santander were worth $3,961,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Dynasty Wealth Management LLC bought a new position in Banco Santander in the 3rd quarter valued at about $1,743,000. Pekin Hardy Strauss Inc. raised its position in shares of Banco Santander by 104.3% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 241,250 shares of the bank’s stock worth $2,002,000 after buying an additional 123,150 shares in the last quarter. TD Waterhouse Canada Inc. lifted its stake in shares of Banco Santander by 52.4% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 500,590 shares of the bank’s stock worth $5,211,000 after acquiring an additional 172,042 shares during the period. Choreo LLC boosted its holdings in shares of Banco Santander by 20.4% in the second quarter. Choreo LLC now owns 120,933 shares of the bank’s stock valued at $1,004,000 after acquiring an additional 20,530 shares in the last quarter. Finally, Creative Planning increased its stake in shares of Banco Santander by 4.5% during the second quarter. Creative Planning now owns 1,728,439 shares of the bank’s stock valued at $14,346,000 after acquiring an additional 75,186 shares during the period. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Barclays lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Wall Street Zen upgraded Banco Santander from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. DZ Bank cut Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 18th. UBS Group reissued a “buy” rating on shares of Banco Santander in a report on Monday. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of Banco Santander in a research report on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Banco Santander Trading Up 3.0%

SAN stock opened at $12.75 on Friday. Banco Santander, S.A. has a one year low of $5.54 and a one year high of $13.11. The firm has a 50-day moving average of $12.16 and a two-hundred day moving average of $10.81. The firm has a market capitalization of $189.71 billion, a PE ratio of 12.62, a P/E/G ratio of 0.76 and a beta of 0.72.

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