Vestmark Advisory Solutions Inc. Has $3.21 Million Position in Banco Santander, S.A. $SAN

Vestmark Advisory Solutions Inc. decreased its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 33.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 306,442 shares of the bank’s stock after selling 151,390 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Banco Santander were worth $3,212,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SAN. Root Financial Partners LLC acquired a new stake in shares of Banco Santander in the third quarter valued at approximately $25,000. True Wealth Design LLC bought a new stake in shares of Banco Santander during the 3rd quarter valued at approximately $27,000. Westside Investment Management Inc. bought a new stake in Banco Santander during the 2nd quarter worth $30,000. Atlantic Union Bankshares Corp acquired a new position in shares of Banco Santander in the second quarter valued at approximately $30,000. Finally, Smithfield Trust Co acquired a new position in Banco Santander in the 2nd quarter valued at approximately $30,000. 9.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SAN has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Banco Santander in a research note on Wednesday, January 21st. Zacks Research lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Wall Street Zen raised Banco Santander from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. UBS Group reiterated a “buy” rating on shares of Banco Santander in a research report on Monday, February 16th. Finally, Barclays downgraded shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Banco Santander has an average rating of “Hold”.

Banco Santander Price Performance

NYSE SAN opened at $12.73 on Tuesday. Banco Santander, S.A. has a one year low of $5.54 and a one year high of $13.19. The business’s fifty day moving average is $12.19 and its 200-day moving average is $10.86. The stock has a market capitalization of $189.42 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 0.78 and a beta of 0.72.

Banco Santander (NYSE:SAN) last released its earnings results on Tuesday, February 3rd. The bank reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. The firm had revenue of $18.90 billion for the quarter, compared to analysts’ expectations of $15.89 billion. Banco Santander had a net margin of 18.85% and a return on equity of 12.14%. Research analysts expect that Banco Santander, S.A. will post 0.83 EPS for the current fiscal 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.