Goldman Sachs Group Inc. Purchases 398,787 Shares of Banco Santander, S.A. $SAN

Goldman Sachs Group Inc. boosted its position in Banco Santander, S.A. (NYSE:SAN) by 2.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,037,272 shares of the bank’s stock after acquiring an additional 398,787 shares during the period. Goldman Sachs Group Inc. owned 0.12% of Banco Santander worth $211,577,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SAN. JPMorgan Chase & Co. boosted its stake in shares of Banco Santander by 3.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,954,166 shares of the bank’s stock valued at $30,960,000 after purchasing an additional 95,069 shares in the last quarter. US Bancorp DE boosted its stake in shares of Banco Santander by 14.3% during the 4th quarter. US Bancorp DE now owns 713,050 shares of the bank’s stock valued at $8,364,000 after purchasing an additional 89,253 shares in the last quarter. Capital International Investors boosted its stake in shares of Banco Santander by 67.5% during the 3rd quarter. Capital International Investors now owns 14,529,024 shares of the bank’s stock valued at $149,504,000 after purchasing an additional 5,856,034 shares in the last quarter. Natixis Advisors LLC boosted its stake in shares of Banco Santander by 17.5% during the 3rd quarter. Natixis Advisors LLC now owns 3,286,999 shares of the bank’s stock valued at $34,448,000 after purchasing an additional 489,022 shares in the last quarter. Finally, Clark Capital Management Group Inc. boosted its stake in shares of Banco Santander by 26.2% during the 3rd quarter. Clark Capital Management Group Inc. now owns 7,156,053 shares of the bank’s stock valued at $74,995,000 after purchasing an additional 1,485,006 shares in the last quarter. Institutional investors own 9.19% of the company’s stock.

Banco Santander Price Performance

Shares of NYSE SAN opened at $12.16 on Friday. Banco Santander, S.A. has a 1 year low of $7.83 and a 1 year high of $13.24. The stock has a market cap of $178.55 billion, a P/E ratio of 10.05, a price-to-earnings-growth ratio of 0.69 and a beta of 0.73. The firm has a 50-day moving average of $12.03 and a 200 day moving average of $11.81.

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

Analysts Set New Price Targets

SAN has been the topic of a number of research reports. Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 23rd. Weiss Ratings lowered shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, May 8th. Royal Bank Of Canada raised shares of Banco Santander from a “sector perform” rating to an “outperform” rating in a research note on Monday, February 23rd. Santander reaffirmed an “outperform” rating on shares of Banco Santander in a research note on Tuesday, May 12th. Finally, UBS Group reissued a “buy” rating on shares of Banco Santander in a research report on Monday, February 16th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Banco Santander presently has a consensus rating of “Moderate Buy”.

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.