Factory Mutual Insurance Co. Purchases Shares of 515,311 Banco Santander, S.A. $SAN

Factory Mutual Insurance Co. acquired a new stake in shares of Banco Santander, S.A. (NYSE:SAN) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 515,311 shares of the bank’s stock, valued at approximately $5,400,000.

Other hedge funds have also modified their holdings of the company. Root Financial Partners LLC purchased a new stake in shares of Banco Santander during the third quarter valued at $25,000. True Wealth Design LLC acquired a new stake in Banco Santander during the 3rd quarter worth about $27,000. Westside Investment Management Inc. purchased a new stake in Banco Santander during the second quarter valued at about $30,000. Atlantic Union Bankshares Corp acquired a new position in shares of Banco Santander in the second quarter worth about $30,000. Finally, Smithfield Trust Co purchased a new position in shares of Banco Santander in the second quarter worth approximately $30,000. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SAN has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Banco Santander in a research note on Wednesday, January 21st. Zacks Research lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. DZ Bank downgraded Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 18th. UBS Group reissued a “buy” rating on shares of Banco Santander in a research note on Monday. Finally, Barclays lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Banco Santander Trading Down 1.2%

NYSE SAN opened at $12.38 on Friday. The company has a market capitalization of $184.28 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 0.77 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. The firm’s fifty day simple moving average is $12.14 and its 200-day simple moving average is $10.78.

Banco Santander (NYSE:SAN) last issued its earnings results on Tuesday, February 3rd. The bank reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. Banco Santander had a return on equity of 12.14% and a net margin of 18.85%.The firm had revenue of $18.90 billion for the quarter, compared to the consensus estimate of $15.89 billion. As a group, 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.