Banco Santander, S.A. $SAN Position Boosted by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in Banco Santander, S.A. (NYSE:SAN) by 3.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,954,166 shares of the bank’s stock after purchasing an additional 95,069 shares during the period. JPMorgan Chase & Co.’s holdings in Banco Santander were worth $30,960,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its position in shares of Banco Santander by 13.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 377,917 shares of the bank’s stock worth $3,961,000 after acquiring an additional 46,186 shares in the last quarter. HighTower Advisors LLC boosted its holdings in Banco Santander by 12.6% in the third quarter. HighTower Advisors LLC now owns 514,156 shares of the bank’s stock worth $5,388,000 after purchasing an additional 57,643 shares during the period. Naviter Wealth LLC increased its stake in Banco Santander by 3.2% during the third quarter. Naviter Wealth LLC now owns 355,996 shares of the bank’s stock valued at $3,731,000 after purchasing an additional 10,927 shares during the last quarter. Avid Wealth Partners LLC acquired a new stake in shares of Banco Santander during the third quarter worth $112,000. Finally, Assetmark Inc. boosted its holdings in shares of Banco Santander by 71.0% in the 3rd quarter. Assetmark Inc. now owns 88,374 shares of the bank’s stock valued at $926,000 after buying an additional 36,683 shares during the period. Institutional investors own 9.19% of the company’s stock.

Wall Street Analyst Weigh In

SAN has been the topic of several research reports. Kepler Capital Markets upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a research note on Tuesday, January 13th. DZ Bank downgraded Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 18th. Royal Bank Of Canada upgraded Banco Santander from a “sector perform” rating to an “outperform” rating in a research report on Monday, February 23rd. Wall Street Zen raised Banco Santander from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, Zacks Research downgraded shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Banco Santander currently has an average rating of “Moderate Buy”.

Banco Santander Trading Down 4.5%

SAN stock opened at $12.36 on Friday. The firm’s 50-day moving average is $12.28 and its two-hundred day moving average is $10.95. The company has a market capitalization of $183.91 billion, a price-to-earnings ratio of 12.23, a price-to-earnings-growth ratio of 0.75 and a beta of 0.72. Banco Santander, S.A. has a 52 week low of $5.54 and a 52 week high of $13.24.

Banco Santander (NYSE:SAN) last announced its earnings results on Tuesday, February 3rd. The bank reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.04. The business had revenue of $18.90 billion during the quarter, compared to analysts’ expectations of $15.89 billion. Banco Santander had a return on equity of 12.14% and a net margin of 18.85%. On average, equities research analysts predict 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.