Marietta Investment Partners LLC Acquires 44,332 Shares of Banco Santander, S.A. $SAN

Marietta Investment Partners LLC lifted its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 9.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 520,774 shares of the bank’s stock after acquiring an additional 44,332 shares during the period. Banco Santander makes up about 1.2% of Marietta Investment Partners LLC’s investment portfolio, making the stock its 25th biggest position. Marietta Investment Partners LLC’s holdings in Banco Santander were worth $5,874,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SAN. Morgan Stanley lifted its stake in Banco Santander by 3.2% during the fourth quarter. Morgan Stanley now owns 56,109,418 shares of the bank’s stock worth $658,164,000 after purchasing an additional 1,719,432 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Banco Santander by 2.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 18,037,272 shares of the bank’s stock worth $211,577,000 after buying an additional 398,787 shares in the last quarter. Capital International Investors boosted its stake in Banco Santander by 1.6% in the 4th quarter. Capital International Investors now owns 14,766,849 shares of the bank’s stock valued at $174,839,000 after buying an additional 237,825 shares in the last quarter. Northern Trust Corp grew its position in Banco Santander by 8.5% in the third quarter. Northern Trust Corp now owns 12,844,029 shares of the bank’s stock valued at $134,605,000 after acquiring an additional 1,000,811 shares during the period. Finally, CIBC Private Wealth Group LLC raised its stake in Banco Santander by 4.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 9,400,907 shares of the bank’s stock worth $110,273,000 after acquiring an additional 419,035 shares in the last quarter. Institutional investors own 9.19% of the company’s stock.

Banco Santander Stock Performance

Shares of NYSE:SAN opened at $13.96 on Monday. The business has a fifty day moving average of $12.60 and a 200-day moving average of $12.17. Banco Santander, S.A. has a twelve month low of $8.28 and a twelve month high of $14.18. The firm has a market cap of $205.14 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 0.79 and a beta of 0.72.

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

Analyst Ratings Changes

Several equities research analysts have recently commented on SAN shares. Santander restated an “overweight” rating on shares of Banco Santander in a research note on Thursday. Wall Street Zen raised shares of Banco Santander from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. Morgan Stanley upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 23rd. Finally, Weiss Ratings lowered shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 8th. Six equities 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

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.