Banco Santander, S.A. $SAN Shares Acquired by Barometer Capital Management Inc.

Barometer Capital Management Inc. lifted its stake in Banco Santander, S.A. (NYSE:SAN) by 203.3% in the first quarter, HoldingsChannel reports. The firm owned 216,600 shares of the bank’s stock after purchasing an additional 145,191 shares during the period. Banco Santander accounts for 1.0% of Barometer Capital Management Inc.’s holdings, making the stock its 26th biggest position. Barometer Capital Management Inc.’s holdings in Banco Santander were worth $2,414,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Orca Wealth Management LLC lifted its position in shares of Banco Santander by 1.4% in the fourth quarter. Orca Wealth Management LLC now owns 65,572 shares of the bank’s stock worth $852,000 after purchasing an additional 894 shares in the last quarter. Composition Wealth LLC boosted its stake in shares of Banco Santander by 8.3% during the 4th quarter. Composition Wealth LLC now owns 12,442 shares of the bank’s stock worth $146,000 after acquiring an additional 952 shares in the last quarter. Stratos Investment Management LLC increased its holdings in shares of Banco Santander by 6.3% during the 4th quarter. Stratos Investment Management LLC now owns 16,870 shares of the bank’s stock valued at $198,000 after acquiring an additional 1,005 shares during the last quarter. Flputnam Investment Management Co. raised its stake in shares of Banco Santander by 6.1% in the 4th quarter. Flputnam Investment Management Co. now owns 17,477 shares of the bank’s stock valued at $205,000 after acquiring an additional 1,011 shares in the last quarter. Finally, Fidelis Capital Partners LLC lifted its holdings in Banco Santander by 10.3% in the 4th quarter. Fidelis Capital Partners LLC now owns 11,253 shares of the bank’s stock worth $132,000 after purchasing an additional 1,053 shares during the last quarter. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Banco Santander Price Performance

Shares of SAN stock opened at $13.65 on Wednesday. The firm has a market cap of $200.58 billion, a price-to-earnings ratio of 11.29, a P/E/G ratio of 0.74 and a beta of 0.72. The stock’s fifty day simple moving average is $13.00 and its 200 day simple moving average is $12.34. Banco Santander, S.A. has a one year low of $8.29 and a one year high of $14.39.

Banco Santander (NYSE:SAN) last issued its quarterly earnings data on Wednesday, April 29th. The bank reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.02). Banco Santander had a return on equity of 12.23% and a net margin of 26.92%.The firm had revenue of $17.53 billion for the quarter, compared to the consensus estimate of $17.66 billion. On average, research analysts anticipate that Banco Santander, S.A. will post 1.14 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Santander reissued a “buy” rating on shares of Banco Santander in a research report on Tuesday, June 23rd. Wall Street Zen lowered Banco Santander from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings upgraded Banco Santander from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Banco Santander currently has an average 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.