Banco Santander, S.A. $SAN Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in Banco Santander, S.A. (NYSE:SAN) by 85.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,552,931 shares of the bank’s stock after buying an additional 2,551,675 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Banco Santander were worth $58,195,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SAN. Dynasty Wealth Management LLC acquired a new stake in Banco Santander in the third quarter valued at about $1,743,000. Pekin Hardy Strauss Inc. grew its stake in shares of Banco Santander by 104.3% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 241,250 shares of the bank’s stock worth $2,002,000 after purchasing an additional 123,150 shares during the period. TD Waterhouse Canada Inc. increased its holdings in shares of Banco Santander by 52.4% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 500,590 shares of the bank’s stock valued at $5,211,000 after purchasing an additional 172,042 shares in the last quarter. Choreo LLC lifted its stake in shares of Banco Santander by 20.4% in the second quarter. Choreo LLC now owns 120,933 shares of the bank’s stock valued at $1,004,000 after purchasing an additional 20,530 shares during the period. Finally, TrueMark Investments LLC grew its position in Banco Santander by 18.3% during the second quarter. TrueMark Investments LLC now owns 271,453 shares of the bank’s stock worth $2,253,000 after buying an additional 42,044 shares during the period. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander Stock Up 0.8%

Shares of SAN stock opened at $12.81 on Tuesday. Banco Santander, S.A. has a fifty-two week low of $5.54 and a fifty-two week high of $13.11. The firm’s 50 day moving average price is $11.95 and its two-hundred day moving average price is $10.61. The stock has a market cap of $190.68 billion, a price-to-earnings ratio of 12.68 and a beta of 0.72.

Banco Santander (NYSE:SAN) last announced its quarterly earnings results on Tuesday, February 3rd. The bank reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.04. The firm had revenue of $18.90 billion during the quarter, compared to the consensus estimate of $15.89 billion. Banco Santander had a return on equity of 12.14% and a net margin of 18.85%. On average, equities analysts forecast that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Analysts Set New Price Targets

SAN has been the subject of a number of research reports. DZ Bank downgraded shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 18th. Kepler Capital Markets upgraded 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, January 21st. The Goldman Sachs Group lowered shares of Banco Santander from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, October 16th. Finally, Zacks Research downgraded shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Banco Santander presently has an average rating of “Hold”.

Banco Santander Company 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.