Vantage Investment Partners LLC acquired a new position in shares of Banco Santander, S.A. (NYSE:SAN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 150,600 shares of the bank’s stock, valued at approximately $984,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Keybank National Association OH purchased a new stake in Banco Santander during the 3rd quarter worth about $107,000. KCS Wealth Advisory purchased a new stake in Banco Santander during the 4th quarter worth about $109,000. Park Avenue Securities LLC purchased a new stake in Banco Santander during the 3rd quarter worth about $132,000. Capital Wealth Planning LLC purchased a new stake in Banco Santander during the 3rd quarter worth about $139,000. Finally, FCA Corp TX purchased a new stake in Banco Santander during the 4th quarter worth about $131,000. 1.24% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently issued reports on the company. ValuEngine raised Banco Santander from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Zacks Investment Research raised Banco Santander from a “sell” rating to a “hold” rating in a report on Saturday, February 10th. Finally, Goldman Sachs Group raised Banco Santander from a “neutral” rating to a “buy” rating and set a $6.20 price objective on the stock in a report on Friday, November 24th. One analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $13.15.
Banco Santander (NYSE:SAN) last released its quarterly earnings results on Wednesday, January 31st. The bank reported $0.13 earnings per share for the quarter. Banco Santander had a return on equity of 7.21% and a net margin of 13.66%. The firm had revenue of $14.21 billion for the quarter. equities research analysts forecast that Banco Santander, S.A. will post 0.58 earnings per share for the current year.
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About Banco Santander
Banco Santander, SA is a retail and commercial bank. The Banks segments include Continental Europe, the United Kingdom, Latin America and the United States. The Continental Europe segment covers all businesses in the Continental Europe. The United Kingdom segment includes the businesses developed by various units and branches in the country.
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