Wealth Alliance LLC Takes Position in Banco Santander, S.A. $SAN

Wealth Alliance LLC bought a new position in Banco Santander, S.A. (NYSE:SAN) in the third quarter, Holdings Channel reports. The institutional investor bought 42,996 shares of the bank’s stock, valued at approximately $451,000.

Other hedge funds have also recently made changes to their positions in the company. Lazard Asset Management LLC grew its holdings in shares of Banco Santander by 2,038,075.5% during the 2nd quarter. Lazard Asset Management LLC now owns 7,643,158 shares of the bank’s stock valued at $63,438,000 after purchasing an additional 7,642,783 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Banco Santander by 85.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 5,552,931 shares of the bank’s stock valued at $58,195,000 after acquiring an additional 2,551,675 shares during the last quarter. Bank of America Corp DE boosted its holdings in Banco Santander by 68.5% during the 2nd quarter. Bank of America Corp DE now owns 4,778,086 shares of the bank’s stock valued at $39,658,000 after acquiring an additional 1,942,579 shares during the period. Barometer Capital Management Inc. grew its position in Banco Santander by 5,818.8% during the 2nd quarter. Barometer Capital Management Inc. now owns 1,757,483 shares of the bank’s stock worth $14,587,000 after acquiring an additional 1,727,790 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its stake in Banco Santander by 114.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 1,335,219 shares of the bank’s stock worth $13,993,000 after purchasing an additional 712,960 shares during the period. 9.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on SAN shares. Zacks Research lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Wall Street Zen raised shares of Banco Santander from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Barclays downgraded shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. DZ Bank cut Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 18th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Banco Santander in a report on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold”.

Banco Santander Stock Performance

SAN stock opened at $12.75 on Friday. Banco Santander, S.A. has a fifty-two week low of $5.54 and a fifty-two week high of $13.11. The company has a market capitalization of $189.71 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 0.78 and a beta of 0.72. The business’s 50 day moving average price is $12.16 and its two-hundred day moving average price is $10.82.

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