SG Trading Solutions LLC Makes New Investment in Banco Santander, S.A. $SAN

SG Trading Solutions LLC acquired a new stake in Banco Santander, S.A. (NYSE:SAN) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 77,385 shares of the bank’s stock, valued at approximately $908,000.

Several other hedge funds and other institutional investors have also modified their holdings of SAN. Eagle Bay Advisors LLC acquired a new position in Banco Santander during the 4th quarter valued at $31,000. Cullen Frost Bankers Inc. acquired a new stake in Banco Santander in the 4th quarter worth $34,000. Binnacle Investments Inc increased its holdings in shares of Banco Santander by 96.2% during the 3rd quarter. Binnacle Investments Inc now owns 3,227 shares of the bank’s stock worth $34,000 after purchasing an additional 1,582 shares during the period. Sound Income Strategies LLC increased its holdings in shares of Banco Santander by 11,752.0% during the 4th quarter. Sound Income Strategies LLC now owns 2,963 shares of the bank’s stock worth $36,000 after purchasing an additional 2,938 shares during the period. Finally, Flagship Harbor Advisors LLC acquired a new position in shares of Banco Santander during the fourth quarter valued at about $42,000. Institutional investors and hedge funds own 9.19% of the company’s stock.

Banco Santander Stock Performance

NYSE:SAN opened at $13.54 on Friday. The company has a 50-day moving average of $12.32 and a 200-day moving average of $11.97. Banco Santander, S.A. has a 52 week low of $7.86 and a 52 week high of $13.78. The company has a market capitalization of $198.82 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 0.76 and a beta of 0.73.

Banco Santander (NYSE:SAN) last posted its 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 business had revenue of $17.53 billion during the quarter, compared to the consensus estimate of $17.66 billion. Banco Santander had a net margin of 26.92% and a return on equity of 12.23%. Sell-side analysts forecast that Banco Santander, S.A. will post 1.11 EPS for the current year.

Analysts Set New Price Targets

SAN has been the topic of a number of recent research reports. Weiss Ratings downgraded Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, May 8th. Santander reaffirmed an “outperform” rating on shares of Banco Santander in a report on Tuesday, May 12th. Morgan Stanley upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 23rd. Royal Bank Of Canada raised Banco Santander from a “sector perform” rating to an “outperform” rating in a report on Monday, February 23rd. Finally, Wall Street Zen upgraded Banco Santander from a “hold” rating to a “buy” rating in a research report on Sunday, April 26th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Banco Santander 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.