Nwam LLC Takes Position in Banco Santander, S.A. $SAN

Nwam LLC purchased a new position in Banco Santander, S.A. (NYSE:SAN) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 248,251 shares of the bank’s stock, valued at approximately $3,426,000.

Other hedge funds also recently bought and sold shares of the company. Morgan Stanley increased its stake in Banco Santander by 3.2% in the fourth quarter. Morgan Stanley now owns 56,109,418 shares of the bank’s stock worth $658,164,000 after purchasing an additional 1,719,432 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Banco Santander by 2.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 18,037,272 shares of the bank’s stock valued at $211,577,000 after purchasing an additional 398,787 shares during the period. Capital International Investors grew its holdings in shares of Banco Santander by 1.6% in the fourth quarter. Capital International Investors now owns 14,766,849 shares of the bank’s stock worth $174,839,000 after purchasing an additional 237,825 shares during the last quarter. Northern Trust Corp increased its stake in Banco Santander by 8.5% in the 3rd quarter. Northern Trust Corp now owns 12,844,029 shares of the bank’s stock worth $134,605,000 after buying an additional 1,000,811 shares during the period. Finally, Bank of America Corp DE lifted its holdings in Banco Santander by 118.9% during the 1st quarter. Bank of America Corp DE now owns 11,413,194 shares of the bank’s stock valued at $128,741,000 after buying an additional 6,198,828 shares in the last quarter. Institutional investors own 9.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wall Street Zen cut shares of Banco Santander from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Weiss Ratings downgraded shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Wednesday, July 29th. Finally, Santander reissued a “buy” rating on shares of Banco Santander in a research note on Tuesday, June 23rd. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Banco Santander Price Performance

Shares of NYSE SAN opened at $14.40 on Wednesday. Banco Santander, S.A. has a 1-year low of $9.31 and a 1-year high of $15.00. The stock has a market capitalization of $211.53 billion, a P/E ratio of 11.71, a price-to-earnings-growth ratio of 0.72 and a beta of 0.74. The business has a fifty day moving average price of $14.10 and a 200 day moving average price of $12.77.

Banco Santander (NYSE:SAN) last posted its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). Banco Santander had a return on equity of 12.43% and a net margin of 26.94%.The firm had revenue of $17.93 billion for the quarter, compared to the consensus estimate of $17.90 billion. As a group, equities research analysts anticipate that Banco Santander, S.A. will post 1.25 earnings per share for the current fiscal year.

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.