Sequoia Financial Advisors LLC Grows Stake in Banco Santander, S.A. $SAN

Sequoia Financial Advisors LLC raised its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 29.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 273,481 shares of the bank’s stock after purchasing an additional 62,839 shares during the period. Sequoia Financial Advisors LLC’s holdings in Banco Santander were worth $3,085,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Whipplewood Advisors LLC purchased a new position in Banco Santander during the 1st quarter worth $28,000. Personal CFO Solutions LLC raised its stake in Banco Santander by 6.2% in the first quarter. Personal CFO Solutions LLC now owns 20,199 shares of the bank’s stock valued at $228,000 after buying an additional 1,176 shares during the last quarter. Frank Rimerman Advisors LLC acquired a new stake in Banco Santander in the first quarter worth about $139,000. Flatrock Wealth Partners LLC purchased a new stake in shares of Banco Santander during the first quarter worth about $182,000. Finally, Jackson Thornton Wealth Management LLC increased its holdings in shares of Banco Santander by 37.9% during the first quarter. Jackson Thornton Wealth Management LLC now owns 20,994 shares of the bank’s stock valued at $256,000 after acquiring an additional 5,775 shares in the last quarter. Institutional investors and hedge funds own 9.19% of the company’s stock.

Banco Santander Trading Down 1.6%

Shares of NYSE SAN opened at $13.64 on Tuesday. The company has a 50 day simple moving average of $12.83 and a two-hundred day simple moving average of $12.26. The stock has a market cap of $200.44 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 0.79 and a beta of 0.72. Banco Santander, S.A. has a 12 month low of $8.28 and a 12 month high of $14.39.

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 business had revenue of $17.53 billion for 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%. Analysts forecast that Banco Santander, S.A. will post 1.11 EPS for the current year.

Analysts Set New Price Targets

SAN has been the subject of a number of recent analyst reports. Weiss Ratings cut shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, May 8th. Santander restated a “buy” rating on shares of Banco Santander in a research note on Tuesday, June 23rd. Wall Street Zen upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a research note on Sunday, April 26th. Finally, Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Monday, March 23rd. Six analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

About Banco Santander

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.