West Family Investments Inc. Increases Holdings in Banco Santander, S.A. $SAN

West Family Investments Inc. grew its position in Banco Santander, S.A. (NYSE:SAN) by 119.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 66,897 shares of the bank’s stock after buying an additional 36,396 shares during the quarter. West Family Investments Inc.’s holdings in Banco Santander were worth $923,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Morgan Stanley grew its stake in Banco Santander by 3.2% during the 4th quarter. Morgan Stanley now owns 56,109,418 shares of the bank’s stock worth $658,164,000 after buying an additional 1,719,432 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in 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 acquiring an additional 398,787 shares during the last quarter. Capital International Investors lifted its position in Banco Santander by 1.6% during the 4th quarter. Capital International Investors now owns 14,766,849 shares of the bank’s stock worth $174,839,000 after acquiring an additional 237,825 shares during the period. Northern Trust Corp increased its holdings in shares of 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 purchasing an additional 1,000,811 shares during the period. Finally, Bank of America Corp DE boosted its position in Banco Santander by 118.9% in the first quarter. Bank of America Corp DE now owns 11,413,194 shares of the bank’s stock valued at $128,741,000 after buying an additional 6,198,828 shares during the last quarter. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Santander reaffirmed a “buy” rating on shares of Banco Santander in a report on Tuesday, June 23rd. Wall Street Zen cut Banco Santander from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Finally, Weiss Ratings downgraded Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday, July 29th. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Banco Santander Stock Down 0.5%

Shares of Banco Santander stock traded down $0.07 on Tuesday, hitting $14.86. 6,386,366 shares of the company were exchanged, compared to its average volume of 11,937,773. Banco Santander, S.A. has a 1-year low of $9.62 and a 1-year high of $15.05. The stock has a market capitalization of $218.21 billion, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 0.74 and a beta of 0.74. The company has a 50-day moving average price of $14.24 and a 200 day moving average price of $12.86.

Banco Santander (NYSE:SAN) last released its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). Banco Santander had a net margin of 26.94% and a return on equity of 12.43%. The business had revenue of $17.93 billion during the quarter, compared to analyst estimates of $17.90 billion. Research analysts forecast that Banco Santander, S.A. will post 1.25 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.