Banco Santander, S.A. $SAN Shares Purchased by Barometer Capital Management Inc.

Barometer Capital Management Inc. increased its stake in Banco Santander, S.A. (NYSE:SAN) by 203.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 216,600 shares of the bank’s stock after buying an additional 145,191 shares during the quarter. Banco Santander comprises 1.0% of Barometer Capital Management Inc.’s portfolio, making the stock its 26th largest position. Barometer Capital Management Inc.’s holdings in Banco Santander were worth $2,414,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SAN. Orca Wealth Management LLC raised its stake in shares of Banco Santander by 1.4% during the fourth quarter. Orca Wealth Management LLC now owns 65,572 shares of the bank’s stock valued at $852,000 after purchasing an additional 894 shares during the period. Composition Wealth LLC grew its holdings in Banco Santander by 8.3% during the 4th quarter. Composition Wealth LLC now owns 12,442 shares of the bank’s stock valued at $146,000 after purchasing an additional 952 shares in the last quarter. Stratos Investment Management LLC lifted its holdings in Banco Santander by 6.3% in the 4th quarter. Stratos Investment Management LLC now owns 16,870 shares of the bank’s stock worth $198,000 after buying an additional 1,005 shares in the last quarter. Flputnam Investment Management Co. boosted its position in Banco Santander by 6.1% in the 4th quarter. Flputnam Investment Management Co. now owns 17,477 shares of the bank’s stock valued at $205,000 after buying an additional 1,011 shares during the last quarter. Finally, Fidelis Capital Partners LLC increased its position in shares of Banco Santander by 10.3% during the fourth quarter. Fidelis Capital Partners LLC now owns 11,253 shares of the bank’s stock worth $132,000 after acquiring an additional 1,053 shares during the last quarter. 9.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SAN shares. Weiss Ratings upgraded Banco Santander from a “buy (b+)” rating to a “buy (a-)” rating in a report on Tuesday, July 14th. Santander reissued a “buy” rating on shares of Banco Santander in a research report on Tuesday, June 23rd. Finally, Wall Street Zen cut shares of Banco Santander from a “buy” rating to a “hold” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Banco Santander Stock Up 2.5%

Shares of SAN stock opened at $13.65 on Wednesday. The business has a 50 day moving average of $13.00 and a two-hundred day moving average of $12.34. The company has a market cap of $200.58 billion, a P/E ratio of 11.29, a PEG ratio of 0.74 and a beta of 0.72. Banco Santander, S.A. has a 52 week low of $8.29 and a 52 week high of $14.39.

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). Banco Santander had a return on equity of 12.23% and a net margin of 26.92%.The company had revenue of $17.53 billion for the quarter, compared to the consensus estimate of $17.66 billion. Analysts expect that Banco Santander, S.A. will post 1.14 EPS for the current fiscal 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.