TD Waterhouse Canada Inc. Has $5.21 Million Stock Holdings in Banco Santander, S.A. $SAN

TD Waterhouse Canada Inc. lifted its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 52.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 500,590 shares of the bank’s stock after purchasing an additional 172,042 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Banco Santander were worth $5,211,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Richardson Financial Services Inc. bought a new stake in shares of Banco Santander in the second quarter worth $25,000. Root Financial Partners LLC bought a new stake in shares of Banco Santander during the 3rd quarter valued at about $25,000. True Wealth Design LLC acquired a new stake in shares of Banco Santander during the 3rd quarter worth approximately $27,000. Westside Investment Management Inc. acquired a new stake in Banco Santander in the second quarter worth $30,000. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Banco Santander in the 2nd quarter valued at about $30,000. Institutional investors and hedge funds own 9.19% of the company’s stock.

Analyst Upgrades and Downgrades

SAN has been the topic of a number of recent research reports. The Goldman Sachs Group lowered shares of Banco Santander from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday, October 16th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Banco Santander in a research report on Wednesday, January 21st. UBS Group cut shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. Kepler Capital Markets upgraded Banco Santander from a “hold” rating to a “buy” rating in a research note on Tuesday, January 13th. Finally, DZ Bank cut shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 18th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold”.

Banco Santander Trading Down 0.5%

Shares of NYSE SAN opened at $12.75 on Friday. The stock has a market cap of $189.71 billion, a price-to-earnings ratio of 13.56, a P/E/G ratio of 0.76 and a beta of 0.73. Banco Santander, S.A. has a 1-year low of $4.85 and a 1-year high of $13.05. The stock’s 50-day moving average is $11.71 and its 200 day moving average is $10.42.

Banco Santander (NYSE:SAN) last announced its quarterly earnings data on Wednesday, October 29th. The bank reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). Banco Santander had a net margin of 17.90% and a return on equity of 11.68%. The company had revenue of $26.22 billion for the quarter, compared to the consensus estimate of $15.32 billion. On average, analysts forecast that Banco Santander, S.A. will post 0.83 EPS 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.