Banco Santander, S.A. (NYSE:SAN) Shares Acquired by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lifted its stake in shares of Banco Santander, S.A. (NYSE:SANFree Report) by 55.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,707 shares of the bank’s stock after purchasing an additional 10,559 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Banco Santander were worth $199,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SAN. Bank of New York Mellon Corp lifted its stake in Banco Santander by 5.5% during the fourth quarter. Bank of New York Mellon Corp now owns 668,939 shares of the bank’s stock valued at $3,050,000 after buying an additional 34,867 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Banco Santander by 10.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,135,377 shares of the bank’s stock valued at $5,177,000 after acquiring an additional 110,821 shares in the last quarter. Atria Investments Inc boosted its stake in Banco Santander by 7.1% in the 4th quarter. Atria Investments Inc now owns 28,990 shares of the bank’s stock worth $132,000 after purchasing an additional 1,917 shares during the period. Proficio Capital Partners LLC purchased a new position in Banco Santander during the 4th quarter worth approximately $100,000. Finally, Raymond James Financial Inc. acquired a new stake in Banco Santander during the 4th quarter valued at $3,319,000. Institutional investors and hedge funds own 9.19% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SAN. Wall Street Zen raised Banco Santander from a “hold” rating to a “buy” rating in a research report on Tuesday, May 13th. Citigroup began coverage on Banco Santander in a research report on Wednesday, June 4th. They set a “buy” rating for the company. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

View Our Latest Research Report on Banco Santander

Banco Santander Stock Up 0.8%

SAN stock opened at $8.50 on Tuesday. The company has a 50 day moving average of $8.02 and a two-hundred day moving average of $6.73. Banco Santander, S.A. has a 12-month low of $4.27 and a 12-month high of $8.90. The company has a market cap of $128.72 billion, a price-to-earnings ratio of 9.76, a PEG ratio of 0.91 and a beta of 0.99.

Banco Santander (NYSE:SANGet Free Report) last released its quarterly earnings data on Wednesday, April 30th. The bank reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. Banco Santander had a return on equity of 12.26% and a net margin of 16.92%. The firm had revenue of $17.69 billion during the quarter, compared to analysts’ expectations of $15.94 billion. On average, research analysts anticipate that Banco Santander, S.A. will post 0.83 EPS for the current year.

About Banco Santander

(Free Report)

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.

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

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