Banco Santander, S.A. $SAN Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its position in shares of Banco Santander, S.A. (NYSE:SAN) by 29.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 273,481 shares of the bank’s stock after buying an additional 62,839 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Banco Santander were worth $3,085,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Whipplewood Advisors LLC acquired a new stake in shares of Banco Santander during the 1st quarter valued at about $28,000. Eagle Bay Advisors LLC acquired a new position in Banco Santander in the 4th quarter worth about $31,000. Cullen Frost Bankers Inc. purchased a new position in Banco Santander during the fourth quarter worth approximately $34,000. Sound Income Strategies LLC grew its holdings in Banco Santander by 11,752.0% in the fourth quarter. Sound Income Strategies LLC now owns 2,963 shares of the bank’s stock valued at $36,000 after purchasing an additional 2,938 shares during the period. Finally, Binnacle Investments Inc increased its position in shares of Banco Santander by 96.2% in the third quarter. Binnacle Investments Inc now owns 3,227 shares of the bank’s stock valued at $34,000 after buying an additional 1,582 shares in the last quarter. Institutional investors and hedge funds own 9.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Santander reiterated a “buy” rating on shares of Banco Santander in a research report on Tuesday, June 23rd. Morgan Stanley upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 23rd. 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. Finally, Wall Street Zen raised shares of 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 given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Banco Santander has a consensus rating of “Moderate Buy”.

Banco Santander Stock Performance

Shares of SAN opened at $13.64 on Tuesday. Banco Santander, S.A. has a one year low of $8.28 and a one year high of $14.39. The stock has a market capitalization of $200.44 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 0.79 and a beta of 0.72. The stock has a 50 day moving average price of $12.83 and a 200 day moving average price of $12.26.

Banco Santander (NYSE:SAN) last announced its quarterly earnings data 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). Banco Santander had a net margin of 26.92% and a return on equity of 12.23%. The firm had revenue of $17.53 billion during the quarter, compared to analysts’ expectations of $17.66 billion. On average, analysts predict that Banco Santander, S.A. will post 1.11 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.