54,510 Shares in Banco Santander, S.A. $SAN Acquired by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC purchased a new position in shares of Banco Santander, S.A. (NYSE:SAN) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 54,510 shares of the bank’s stock, valued at approximately $615,000.

Other large investors also recently bought and sold shares of the company. AQR Capital Management LLC grew its stake in shares of Banco Santander by 77.4% during the 1st quarter. AQR Capital Management LLC now owns 419,635 shares of the bank’s stock valued at $2,812,000 after buying an additional 183,051 shares during the period. Integrated Wealth Concepts LLC raised its position in shares of Banco Santander by 3.7% in the 1st quarter. Integrated Wealth Concepts LLC now owns 71,990 shares of the bank’s stock worth $482,000 after buying an additional 2,566 shares during the period. Jones Financial Companies Lllp boosted its holdings in Banco Santander by 271.2% in the first quarter. Jones Financial Companies Lllp now owns 10,276 shares of the bank’s stock valued at $69,000 after acquiring an additional 7,508 shares during the last quarter. Focus Partners Wealth grew its position in Banco Santander by 65.3% during the first quarter. Focus Partners Wealth now owns 71,169 shares of the bank’s stock valued at $477,000 after acquiring an additional 28,107 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in Banco Santander during the first quarter worth about $601,000. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SAN. Weiss Ratings downgraded Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday. Wall Street Zen downgraded shares of Banco Santander from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Finally, Santander restated a “buy” rating on shares of Banco Santander in a report on Tuesday, June 23rd. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Banco Santander presently has a consensus rating of “Moderate Buy”.

Banco Santander Stock Up 5.5%

Shares of SAN opened at $14.12 on Friday. The firm has a market cap of $207.34 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 0.72 and a beta of 0.72. The business’s 50 day moving average is $13.24 and its two-hundred day moving average is $12.43. Banco Santander, S.A. has a 52-week low of $8.29 and a 52-week high of $14.39.

Banco Santander (NYSE:SAN) last released its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The company had revenue of $17.93 billion for the quarter, compared to analyst estimates of $17.90 billion. Banco Santander had a return on equity of 12.43% and a net margin of 26.94%. On average, equities analysts expect that Banco Santander, S.A. will post 1.15 earnings per share for the current fiscal year.

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.