Banco Santander, S.A. (NYSE:SAN) Shares Bought by First Affirmative Financial Network

First Affirmative Financial Network lifted its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 36.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,347 shares of the bank’s stock after purchasing an additional 7,770 shares during the quarter. First Affirmative Financial Network’s holdings in Banco Santander were worth $197,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Strategic Financial Concepts LLC purchased a new position in Banco Santander during the fourth quarter worth about $62,000. Quattro Financial Advisors LLC purchased a new position in shares of Banco Santander during the 4th quarter worth about $132,000. Advisors Preferred LLC acquired a new stake in shares of Banco Santander in the fourth quarter worth approximately $37,000. Allspring Global Investments Holdings LLC boosted its position in shares of Banco Santander by 15.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 109,187 shares of the bank’s stock worth $490,000 after acquiring an additional 14,894 shares during the last quarter. Finally, Chevy Chase Trust Holdings LLC grew its holdings in Banco Santander by 106.3% in the fourth quarter. Chevy Chase Trust Holdings LLC now owns 9,101,145 shares of the bank’s stock valued at $41,501,000 after purchasing an additional 4,689,461 shares during the period. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SAN. Wall Street Zen raised shares of Banco Santander from a “hold” rating to a “buy” rating in a research note on Tuesday, May 13th. The Goldman Sachs Group lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods raised Banco Santander from a “hold” rating to a “moderate buy” rating in a research report on Monday, February 24th. Finally, Citigroup began coverage on Banco Santander in a report on Wednesday. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Banco Santander has a consensus rating of “Buy”.

Banco Santander Price Performance

SAN opened at $8.04 on Friday. The company has a 50 day moving average of $7.20 and a two-hundred day moving average of $6.07. Banco Santander, S.A. has a 52-week low of $4.27 and a 52-week high of $8.08. The company has a quick ratio of 0.23, a current ratio of 2.24 and a debt-to-equity ratio of 13.83. The company has a market cap of $121.83 billion, a P/E ratio of 9.69, a P/E/G ratio of 0.77 and a beta of 1.00.

Banco Santander (NYSE:SAN) last announced its quarterly earnings results on Wednesday, April 30th. The bank reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $17.69 billion during the quarter, compared to the consensus estimate of $15.94 billion. Banco Santander had a return on equity of 11.90% and a net margin of 15.88%. On average, analysts expect that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

About Banco Santander

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.