Goldman Sachs Group Inc. Raises Position in Banco Santander, S.A. $SAN

Goldman Sachs Group Inc. grew its position in Banco Santander, S.A. (NYSE:SAN) by 2.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 18,037,272 shares of the bank’s stock after purchasing an additional 398,787 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Banco Santander were worth $211,577,000 as of its most recent SEC filing.

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

Banco Santander Price Performance

SAN opened at $12.16 on Friday. The firm has a market cap of $178.55 billion, a P/E ratio of 10.05, a PEG ratio of 0.69 and a beta of 0.73. Banco Santander, S.A. has a 1-year low of $7.83 and a 1-year high of $13.24. The company has a 50 day simple moving average of $12.03 and a two-hundred day simple moving average of $11.81.

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

Analyst Ratings Changes

A number of brokerages have recently commented on SAN. Royal Bank Of Canada upgraded shares of Banco Santander from a “sector perform” rating to an “outperform” rating in a research note on Monday, February 23rd. Wall Street Zen upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a research note on Sunday, April 26th. UBS Group restated a “buy” rating on shares of Banco Santander in a research report on Monday, February 16th. Morgan Stanley upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 23rd. Finally, Weiss Ratings lowered shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, May 8th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Banco Santander currently has a consensus rating of “Moderate Buy”.

Banco Santander 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.