Qtron Investments LLC Purchases 73,859 Shares of Banco Santander, S.A. $SAN

Qtron Investments LLC grew its position in Banco Santander, S.A. (NYSE:SAN) by 90.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 155,910 shares of the bank’s stock after acquiring an additional 73,859 shares during the period. Qtron Investments LLC’s holdings in Banco Santander were worth $1,829,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of SAN. Eagle Bay Advisors LLC acquired a new stake in Banco Santander in the fourth quarter valued at $31,000. Cullen Frost Bankers Inc. acquired a new stake in Banco Santander in the fourth quarter valued at $34,000. Binnacle Investments Inc increased its holdings in Banco Santander by 96.2% in the third quarter. Binnacle Investments Inc now owns 3,227 shares of the bank’s stock valued at $34,000 after purchasing an additional 1,582 shares during the period. Sound Income Strategies LLC increased its holdings in Banco Santander by 11,752.0% in the fourth quarter. Sound Income Strategies LLC now owns 2,963 shares of the bank’s stock valued at $36,000 after purchasing an additional 2,938 shares during the period. Finally, Flagship Harbor Advisors LLC acquired a new stake in Banco Santander in the fourth quarter valued at $42,000. 9.19% of the stock is currently owned by institutional investors.

Banco Santander Trading Up 5.5%

Shares of Banco Santander stock opened at $12.57 on Friday. The business has a 50-day moving average price of $12.14 and a two-hundred day moving average price of $11.88. Banco Santander, S.A. has a 1-year low of $7.83 and a 1-year high of $13.24. The company has a market cap of $184.67 billion, a P/E ratio of 10.39, a PEG ratio of 0.68 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 return on equity of 12.23% and a net margin of 26.92%.The business had revenue of $17.53 billion for the quarter, compared to analyst estimates of $17.66 billion. Equities research analysts forecast that Banco Santander, S.A. will post 1.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SAN has been the subject of a number of recent research reports. Royal Bank Of Canada upgraded Banco Santander from a “sector perform” rating to an “outperform” rating in a report on Monday, February 23rd. Morgan Stanley upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Monday, March 23rd. Santander restated an “outperform” rating on shares of Banco Santander in a report on Tuesday, May 12th. UBS Group restated a “buy” rating on shares of Banco Santander in a report on Monday, February 16th. Finally, Wall Street Zen upgraded Banco Santander from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently 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.