Advisors Asset Management Inc. Grows Holdings in Banco Santander, S.A. $SAN

Advisors Asset Management Inc. increased its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 28.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 219,137 shares of the bank’s stock after purchasing an additional 49,085 shares during the period. Advisors Asset Management Inc.’s holdings in Banco Santander were worth $2,297,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. raised its holdings in shares of Banco Santander by 5.5% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 19,756 shares of the bank’s stock valued at $207,000 after buying an additional 1,036 shares during the period. Fiduciary Financial Group LLC grew its position in Banco Santander by 6.7% in the 3rd quarter. Fiduciary Financial Group LLC now owns 16,554 shares of the bank’s stock valued at $173,000 after acquiring an additional 1,038 shares in the last quarter. Stratos Investment Management LLC lifted its position in shares of Banco Santander by 7.1% during the third quarter. Stratos Investment Management LLC now owns 15,865 shares of the bank’s stock worth $166,000 after purchasing an additional 1,056 shares in the last quarter. Leavell Investment Management Inc. boosted its stake in shares of Banco Santander by 6.0% in the third quarter. Leavell Investment Management Inc. now owns 19,617 shares of the bank’s stock valued at $206,000 after purchasing an additional 1,108 shares during the period. Finally, Gallacher Capital Management LLC grew its holdings in shares of Banco Santander by 1.4% in the third quarter. Gallacher Capital Management LLC now owns 80,790 shares of the bank’s stock valued at $847,000 after purchasing an additional 1,118 shares in the last quarter. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Banco Santander Price Performance

Shares of SAN opened at $11.87 on Monday. The firm has a fifty day moving average price of $12.05 and a 200 day moving average price of $10.71. The stock has a market cap of $176.61 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 0.72 and a beta of 0.72. Banco Santander, S.A. has a 1-year low of $5.54 and a 1-year high of $13.11.

Banco Santander (NYSE:SAN) last posted its earnings results on Tuesday, February 3rd. The bank reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. The business had revenue of $18.90 billion for the quarter, compared to analysts’ expectations of $15.89 billion. Banco Santander had a return on equity of 12.14% and a net margin of 18.85%. As a group, equities analysts expect that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Analyst Ratings Changes

SAN has been the subject of several recent research reports. DZ Bank cut shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 18th. Zacks Research cut Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Barclays cut Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Kepler Capital Markets raised Banco Santander from a “hold” rating to a “buy” rating in a research report on Tuesday, January 13th. Finally, Wall Street Zen upgraded Banco Santander from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Banco Santander presently has an average rating of “Hold”.

Banco Santander 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.