Credit Suisse AG lifted its holdings in shares of Banco Santander, S.A. (NYSE:SAN – Free Report) by 200.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 4,998,330 shares of the bank’s stock after purchasing an additional 3,334,304 shares during the period. Credit Suisse AG’s holdings in Banco Santander were worth $18,469,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the business. Keybank National Association OH boosted its holdings in Banco Santander by 18.0% in the first quarter. Keybank National Association OH now owns 22,250 shares of the bank’s stock valued at $82,000 after acquiring an additional 3,395 shares during the last quarter. Vestmark Advisory Solutions Inc. boosted its holdings in Banco Santander by 3.5% in the first quarter. Vestmark Advisory Solutions Inc. now owns 346,224 shares of the bank’s stock valued at $1,278,000 after acquiring an additional 11,624 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Banco Santander by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 532,654 shares of the bank’s stock valued at $1,965,000 after acquiring an additional 15,672 shares during the last quarter. Todd Asset Management LLC boosted its holdings in Banco Santander by 1.8% in the first quarter. Todd Asset Management LLC now owns 7,724,807 shares of the bank’s stock valued at $28,505,000 after acquiring an additional 134,062 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in Banco Santander by 25.9% during the first quarter. US Bancorp DE now owns 337,198 shares of the bank’s stock worth $1,244,000 after buying an additional 69,341 shares during the last quarter. Institutional investors own 2.19% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have issued reports on SAN shares. Barclays started coverage on Banco Santander in a report on Tuesday, July 18th. They set an “equal weight” rating on the stock. HSBC cut Banco Santander from a “buy” rating to a “hold” rating in a report on Monday, May 1st. Finally, StockNews.com initiated coverage on Banco Santander in a report on Thursday, August 17th. They set a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $3.73.
Banco Santander Price Performance
NYSE SAN opened at $3.78 on Friday. The firm has a market cap of $61.18 billion, a P/E ratio of 6.20, a P/E/G ratio of 0.35 and a beta of 1.13. The stock’s 50-day moving average is $3.77 and its 200-day moving average is $3.66. Banco Santander, S.A. has a one year low of $2.26 and a one year high of $4.09.
Banco Santander (NYSE:SAN – Get Free Report) last announced its earnings results on Wednesday, July 26th. The bank reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. Banco Santander had a return on equity of 10.00% and a net margin of 18.10%. The business had revenue of $15.34 billion for the quarter. Equities analysts anticipate that Banco Santander, S.A. will post 0.68 EPS for the current year.
Banco Santander Company Profile
Banco Santander, SA provides various retail and commercial banking products and services to individuals, small and medium-sized enterprises, and large companies worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments.
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