SG Trading Solutions LLC Makes New Investment in Banco Santander, S.A. $SAN

SG Trading Solutions LLC acquired a new stake in shares of Banco Santander, S.A. (NYSE:SAN) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 77,385 shares of the bank’s stock, valued at approximately $908,000.

Other large investors have also made changes to their positions in the company. Eagle Bay Advisors LLC bought a new position in Banco Santander during the 4th quarter valued at about $31,000. Cullen Frost Bankers Inc. bought a new stake in Banco Santander during the fourth quarter worth about $34,000. Sound Income Strategies LLC increased its holdings in shares of Banco Santander by 11,752.0% during the fourth quarter. Sound Income Strategies LLC now owns 2,963 shares of the bank’s stock worth $36,000 after buying an additional 2,938 shares in the last quarter. Binnacle Investments Inc increased its holdings in shares of Banco Santander by 96.2% during the third quarter. Binnacle Investments Inc now owns 3,227 shares of the bank’s stock worth $34,000 after buying an additional 1,582 shares in the last quarter. Finally, Flagship Harbor Advisors LLC bought a new position in shares of Banco Santander in the fourth quarter valued at approximately $42,000. Institutional investors own 9.19% of the company’s stock.

Wall Street Analyst Weigh In

SAN has been the topic of a number of research analyst reports. Santander restated an “outperform” rating on shares of Banco Santander in a research report on Tuesday, May 12th. Wall Street Zen upgraded Banco Santander from a “hold” rating to a “buy” rating in a research report on Sunday, April 26th. Weiss Ratings lowered Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, May 8th. Royal Bank Of Canada upgraded Banco Santander from a “sector perform” rating to an “outperform” rating in a report on Monday, February 23rd. Finally, Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Monday, March 23rd. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Banco Santander presently has an average rating of “Moderate Buy”.

Banco Santander Price Performance

SAN opened at $13.54 on Friday. Banco Santander, S.A. has a one year low of $7.86 and a one year high of $13.78. The company’s 50 day simple moving average is $12.32 and its 200-day simple moving average is $11.97. The stock has a market capitalization of $198.82 billion, a P/E ratio of 11.19, a price-to-earnings-growth ratio of 0.76 and a beta of 0.73.

Banco Santander (NYSE:SAN) last issued its quarterly earnings results on Wednesday, April 29th. The bank reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). Banco Santander had a net margin of 26.92% and a return on equity of 12.23%. The company had revenue of $17.53 billion during the quarter, compared to analyst estimates of $17.66 billion. As a group, analysts anticipate that Banco Santander, S.A. will post 1.11 EPS for the current year.

Banco Santander Company 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.