Marks Group Wealth Management Inc Has $1.30 Million Position in Banco Santander, S.A. $SAN

Marks Group Wealth Management Inc grew its position in Banco Santander, S.A. (NYSE:SAN) by 1,048.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 123,974 shares of the bank’s stock after purchasing an additional 113,182 shares during the period. Marks Group Wealth Management Inc’s holdings in Banco Santander were worth $1,299,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bleakley Financial Group LLC increased its position in shares of Banco Santander by 24.5% in the 3rd quarter. Bleakley Financial Group LLC now owns 70,163 shares of the bank’s stock valued at $735,000 after buying an additional 13,823 shares in the last quarter. OneDigital Investment Advisors LLC increased its holdings in shares of Banco Santander by 127.1% in the third quarter. OneDigital Investment Advisors LLC now owns 92,223 shares of the bank’s stock worth $966,000 after acquiring an additional 51,613 shares in the last quarter. Intrust Bank NA raised its position in shares of Banco Santander by 62.2% during the third quarter. Intrust Bank NA now owns 25,508 shares of the bank’s stock worth $267,000 after purchasing an additional 9,780 shares during the period. Personal CFO Solutions LLC grew its position in shares of Banco Santander by 27.2% in the 3rd quarter. Personal CFO Solutions LLC now owns 20,132 shares of the bank’s stock valued at $211,000 after purchasing an additional 4,303 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in Banco Santander during the 3rd quarter worth approximately $112,000. Institutional investors and hedge funds own 9.19% of the company’s stock.

Wall Street Analysts Forecast Growth

SAN has been the topic of a number of research reports. UBS Group reaffirmed a “buy” rating on shares of Banco Santander in a research note on Monday, February 16th. Weiss Ratings restated a “buy (b+)” rating on shares of Banco Santander in a report on Wednesday, January 21st. Zacks Research lowered shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. DZ Bank cut Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 18th. Finally, Barclays lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Banco Santander has a consensus rating of “Hold”.

Banco Santander Price Performance

Shares of NYSE:SAN opened at $12.73 on Tuesday. The company’s 50-day moving average price is $12.19 and its two-hundred day moving average price is $10.86. Banco Santander, S.A. has a one year low of $5.54 and a one year high of $13.19. The stock has a market capitalization of $189.42 billion, a PE ratio of 12.60, a price-to-earnings-growth ratio of 0.78 and a beta of 0.72.

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