Oppenheimer Asset Management Inc. Raises Stake in Banco Santander, S.A. $SAN

Oppenheimer Asset Management Inc. boosted its holdings in Banco Santander, S.A. (NYSE:SAN) by 25.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 393,150 shares of the bank’s stock after purchasing an additional 79,073 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Banco Santander were worth $4,120,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. AQR Capital Management LLC boosted its position in shares of Banco Santander by 77.4% in the 1st quarter. AQR Capital Management LLC now owns 419,635 shares of the bank’s stock worth $2,812,000 after purchasing an additional 183,051 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in Banco Santander by 3.7% during the first quarter. Integrated Wealth Concepts LLC now owns 71,990 shares of the bank’s stock valued at $482,000 after buying an additional 2,566 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Banco Santander by 271.2% in the first quarter. Jones Financial Companies Lllp now owns 10,276 shares of the bank’s stock worth $69,000 after acquiring an additional 7,508 shares in the last quarter. Focus Partners Wealth grew its stake in shares of Banco Santander by 65.3% in the first quarter. Focus Partners Wealth now owns 71,169 shares of the bank’s stock worth $477,000 after acquiring an additional 28,107 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of Banco Santander during the first quarter valued at $601,000. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

Banco Santander Trading Down 3.1%

Shares of SAN stock opened at $12.34 on Thursday. Banco Santander, S.A. has a 12-month low of $5.54 and a 12-month high of $13.11. The stock has a market capitalization of $183.61 billion, a P/E ratio of 12.21, a P/E/G ratio of 0.79 and a beta of 0.72. The firm’s 50 day moving average is $12.01 and its 200 day moving average is $10.65.

Banco Santander (NYSE:SAN) last released its quarterly earnings results on Tuesday, February 3rd. The bank reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.04. Banco Santander had a return on equity of 12.14% and a net margin of 18.85%.The firm had revenue of $18.90 billion for the quarter, compared to analysts’ expectations of $15.89 billion. As a group, equities analysts predict that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SAN. Kepler Capital Markets raised shares of Banco Santander from a “hold” rating to a “buy” rating in a research report on Tuesday, January 13th. UBS Group downgraded shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Weiss Ratings restated a “buy (b+)” rating on shares of Banco Santander in a report on Wednesday, January 21st. Zacks Research downgraded Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Finally, Barclays cut Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

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.