Qtron Investments LLC Buys 73,859 Shares of Banco Santander, S.A. $SAN

Qtron Investments LLC lifted its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 90.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 155,910 shares of the bank’s stock after acquiring an additional 73,859 shares during the period. Qtron Investments LLC’s holdings in Banco Santander were worth $1,829,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SAN. AQR Capital Management LLC boosted its position in shares of Banco Santander by 77.4% during the 1st quarter. AQR Capital Management LLC now owns 419,635 shares of the bank’s stock worth $2,812,000 after purchasing an additional 183,051 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of Banco Santander by 3.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 71,990 shares of the bank’s stock worth $482,000 after purchasing an additional 2,566 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Banco Santander by 271.2% during the 1st quarter. Jones Financial Companies Lllp now owns 10,276 shares of the bank’s stock worth $69,000 after purchasing an additional 7,508 shares in the last quarter. Focus Partners Wealth boosted its position in shares of Banco Santander by 65.3% during the 1st quarter. Focus Partners Wealth now owns 71,169 shares of the bank’s stock worth $477,000 after purchasing an additional 28,107 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of Banco Santander during the 1st quarter worth about $601,000. Institutional investors own 9.19% of the company’s stock.

Banco Santander Stock Performance

Shares of NYSE SAN opened at $12.57 on Friday. Banco Santander, S.A. has a fifty-two week low of $7.83 and a fifty-two week high of $13.24. The stock has a market cap of $184.67 billion, a price-to-earnings ratio of 10.39, a PEG ratio of 0.68 and a beta of 0.73. The firm’s 50-day simple moving average is $12.14 and its 200 day simple moving average is $11.88.

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

Wall Street Analysts Forecast Growth

SAN has been the topic of a number of research analyst reports. UBS Group reissued a “buy” rating on shares of Banco Santander in a research report on Monday, February 16th. Weiss Ratings cut shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, May 8th. Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 23rd. Santander reaffirmed an “outperform” rating on shares of Banco Santander in a research report on Tuesday, May 12th. Finally, Wall Street Zen raised shares of Banco Santander from a “hold” rating to a “buy” rating in a research report on Sunday, April 26th. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company 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.