Evergreen Capital Management LLC Boosts Stock Position in Banco Santander, S.A. $SAN

Evergreen Capital Management LLC grew its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 37.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 214,955 shares of the bank’s stock after buying an additional 58,478 shares during the quarter. Evergreen Capital Management LLC’s holdings in Banco Santander were worth $2,253,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Leavell Investment Management Inc. increased its position in shares of Banco Santander by 6.0% in the 3rd quarter. Leavell Investment Management Inc. now owns 19,617 shares of the bank’s stock worth $206,000 after purchasing an additional 1,108 shares during the last quarter. Richardson Financial Services Inc. increased its holdings in Banco Santander by 104.8% in the third quarter. Richardson Financial Services Inc. now owns 6,220 shares of the bank’s stock valued at $65,000 after buying an additional 3,183 shares during the last quarter. Csenge Advisory Group raised its stake in Banco Santander by 26.1% during the third quarter. Csenge Advisory Group now owns 24,240 shares of the bank’s stock valued at $254,000 after buying an additional 5,019 shares in the last quarter. Ritholtz Wealth Management lifted its holdings in Banco Santander by 3.0% during the 3rd quarter. Ritholtz Wealth Management now owns 398,805 shares of the bank’s stock worth $4,179,000 after buying an additional 11,641 shares during the last quarter. Finally, Procyon Advisors LLC bought a new position in Banco Santander during the 3rd quarter worth approximately $181,000. Institutional investors own 9.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Kepler Capital Markets raised Banco Santander from a “hold” rating to a “buy” rating in a research report on Tuesday, January 13th. Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Santander in a report on Wednesday, October 8th. Zacks Research lowered shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Barclays lowered shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Finally, DZ Bank downgraded Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 18th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Banco Santander currently has a consensus rating of “Hold”.

Banco Santander Trading Up 0.8%

Shares of NYSE:SAN opened at $12.21 on Monday. The firm’s 50 day moving average is $11.31 and its two-hundred day moving average is $10.16. The firm has a market capitalization of $181.75 billion, a P/E ratio of 12.99, a PEG ratio of 0.74 and a beta of 0.73. Banco Santander, S.A. has a 52 week low of $4.85 and a 52 week high of $12.31.

Banco Santander (NYSE:SAN) last issued 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 return on equity of 11.68% and a net margin of 17.90%.The business had revenue of $26.22 billion during the quarter, compared to the consensus estimate of $15.32 billion. Analysts predict that Banco Santander, S.A. will post 0.83 EPS for the current year.

About Banco Santander

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.