Truist Financial Corp Grows Stake in Banco Santander, S.A. (NYSE:SAN)

Truist Financial Corp lifted its stake in shares of Banco Santander, S.A. (NYSE:SANGet Rating) by 22.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,688 shares of the bank’s stock after purchasing an additional 6,225 shares during the period. Truist Financial Corp’s holdings in Banco Santander were worth $114,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of SAN. West Bancorporation Inc. purchased a new stake in shares of Banco Santander during the fourth quarter worth about $25,000. CWM LLC grew its stake in Banco Santander by 120.1% during the 1st quarter. CWM LLC now owns 9,970 shares of the bank’s stock valued at $34,000 after acquiring an additional 5,441 shares in the last quarter. Regal Investment Advisors LLC purchased a new stake in Banco Santander during the 4th quarter valued at about $37,000. Fieldpoint Private Securities LLC grew its stake in Banco Santander by 3,249.2% during the 1st quarter. Fieldpoint Private Securities LLC now owns 11,086 shares of the bank’s stock valued at $37,000 after acquiring an additional 10,755 shares in the last quarter. Finally, PDS Planning Inc purchased a new stake in Banco Santander during the 1st quarter valued at about $37,000. Hedge funds and other institutional investors own 8.34% of the company’s stock.

Banco Santander Trading Up 0.8 %

Shares of NYSE:SAN opened at $2.47 on Monday. Banco Santander, S.A. has a 52 week low of $2.28 and a 52 week high of $4.01. The company’s 50 day moving average is $2.79 and its two-hundred day moving average is $3.16. The company has a market cap of $41.48 billion, a PE ratio of 4.33 and a beta of 1.29.

Analyst Upgrades and Downgrades

SAN has been the subject of several research reports. UBS Group dropped their price objective on shares of Banco Santander from €4.40 ($4.49) to €4.00 ($4.08) and set a “buy” rating for the company in a research note on Tuesday, July 19th. Royal Bank of Canada boosted their target price on shares of Banco Santander from €2.90 ($2.96) to €3.00 ($3.06) and gave the company a “sector perform” rating in a report on Friday, April 29th. Morgan Stanley boosted their target price on shares of Banco Santander from €4.20 ($4.29) to €4.30 ($4.39) in a report on Wednesday, June 29th. Societe Generale boosted their target price on shares of Banco Santander from €4.00 ($4.08) to €4.10 ($4.18) and gave the company a “buy” rating in a report on Thursday, April 28th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Banco Santander from €3.90 ($3.98) to €3.50 ($3.57) in a report on Thursday, May 19th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $3.81.

Banco Santander Profile

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Banco Santander, SA provides various retail and commercial banking products and services to individuals, small and medium-sized enterprises, and large companies worldwide. It offers demand and time deposits, and current and savings accounts; mortgages, consumer finance, syndicated corporate loans, structured financing, cash management, export and agency finance, trade and working capital solutions, and corporate finance; and insurance products.

Further Reading

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Institutional Ownership by Quarter for Banco Santander (NYSE:SAN)

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