American Century Companies Inc. Increases Stock Position in Banco Santander, S.A. (NYSE:SAN)

Posted by Defense World Staff on Sep 4th, 2023

American Century Companies Inc. raised its holdings in Banco Santander, S.A. (NYSE:SAN – Free Report) by 12.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,368,588 shares of the bank’s stock after purchasing an additional 265,062 shares during the period. American Century Companies Inc.’s holdings in Banco Santander were worth $8,740,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Echo45 Advisors LLC purchased a new stake in shares of Banco Santander in the first quarter valued at about $38,000. Sage Mountain Advisors LLC purchased a new position in shares of Banco Santander during the first quarter valued at approximately $38,000. Cetera Investment Advisers purchased a new position in shares of Banco Santander during the first quarter valued at approximately $35,000. Waldron Private Wealth LLC purchased a new position in shares of Banco Santander during the first quarter valued at approximately $39,000. Finally, Wesbanco Bank Inc. purchased a new position in shares of Banco Santander during the first quarter valued at approximately $40,000. Hedge funds and other institutional investors own 2.14% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of Banco Santander in a research note on Thursday, August 17th. They set a “buy” rating on the stock. Barclays assumed coverage on shares of Banco Santander in a research note on Tuesday, July 18th. They set an “equal weight” rating on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $3.73.

View Our Latest Analysis on Banco Santander

Banco Santander Trading Down 3.1 %

SAN opened at $3.75 on Monday. The company has a fifty day simple moving average of $3.82 and a 200 day simple moving average of $3.67. The firm has a market cap of $60.69 billion, a price-to-earnings ratio of 6.15, a PEG ratio of 0.32 and a beta of 1.15. Banco Santander, S.A. has a twelve month low of $2.26 and a twelve month high of $4.09.

Banco Santander (NYSE:SAN – Get Free Report) last posted its quarterly earnings data on Wednesday, July 26th. The bank reported $0.17 EPS for the quarter, meeting analysts’ consensus estimates of $0.17. Banco Santander had a net margin of 18.10% and a return on equity of 10.00%. The firm had revenue of $15.34 billion for the quarter. On average, analysts forecast that Banco Santander, S.A. will post 0.74 earnings per share for the current fiscal year.

About Banco Santander

(Free Report)

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.