Focused Wealth Management Inc Invests $665,000 in Banco Santander, S.A. $SAN

by · The Markets Daily

Focused Wealth Management Inc acquired a new stake in Banco Santander, S.A. (NYSE:SAN – Free Report) in the 1st quarter, Holdings Channel.com reports. The firm acquired 58,986 shares of the bank’s stock, valued at approximately $665,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its position in shares of Banco Santander by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 2,954,166 shares of the bank’s stock valued at $30,960,000 after buying an additional 95,069 shares in the last quarter. US Bancorp DE boosted its position in shares of Banco Santander by 14.3% in the 4th quarter. US Bancorp DE now owns 713,050 shares of the bank’s stock worth $8,364,000 after buying an additional 89,253 shares in the last quarter. Capital International Investors grew its stake in Banco Santander by 67.5% in the 3rd quarter. Capital International Investors now owns 14,529,024 shares of the bank’s stock valued at $149,504,000 after acquiring an additional 5,856,034 shares during the last quarter. Natixis Advisors LLC raised its position in Banco Santander by 17.5% during the third quarter. Natixis Advisors LLC now owns 3,286,999 shares of the bank’s stock worth $34,448,000 after acquiring an additional 489,022 shares during the last quarter. Finally, Clark Capital Management Group Inc. lifted its holdings in shares of Banco Santander by 26.2% in the third quarter. Clark Capital Management Group Inc. now owns 7,156,053 shares of the bank’s stock valued at $74,995,000 after purchasing an additional 1,485,006 shares in the last quarter. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 23rd. Wall Street Zen upgraded Banco Santander from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. Santander reissued a “buy” rating on shares of Banco Santander in a research report on Tuesday. Finally, Weiss Ratings downgraded Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, May 8th. Six equities 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 company’s stock. Based on data from MarketBeat, Banco Santander has a consensus rating of “Moderate Buy”.

Get Our Latest Analysis on SAN

Banco Santander Price Performance

Shares of SAN stock opened at $13.60 on Wednesday. The firm’s 50-day simple moving average is $12.41 and its 200-day simple moving average is $12.03. Banco Santander, S.A. has a 1-year low of $8.02 and a 1-year high of $13.78. The firm has a market cap of $199.77 billion, a P/E ratio of 11.24, a PEG ratio of 0.78 and a beta of 0.73.

Banco Santander (NYSE:SAN – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The bank reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). The company had revenue of $17.53 billion for the quarter, compared to analyst estimates of $17.66 billion. Banco Santander had a return on equity of 12.23% and a net margin of 26.92%. Analysts expect that Banco Santander, S.A. will post 1.11 earnings per share for the current fiscal year.

About Banco Santander

(Free Report)

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.

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