Fieldpoint Private Securities LLC lifted its position in shares of Banco Santander, S.A. (NYSE:SAN – Get Rating) by 3,249.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,086 shares of the bank’s stock after purchasing an additional 10,755 shares during the quarter. Fieldpoint Private Securities LLC’s holdings in Banco Santander were worth $37,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the company. Fisher Asset Management LLC raised its position in shares of Banco Santander by 4.5% during the fourth quarter. Fisher Asset Management LLC now owns 129,760,624 shares of the bank’s stock worth $426,912,000 after purchasing an additional 5,545,821 shares during the period. Todd Asset Management LLC raised its position in shares of Banco Santander by 8.0% during the fourth quarter. Todd Asset Management LLC now owns 7,749,938 shares of the bank’s stock worth $25,497,000 after purchasing an additional 576,393 shares during the period. Dimensional Fund Advisors LP grew its holdings in Banco Santander by 11.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,464,502 shares of the bank’s stock worth $17,978,000 after buying an additional 570,262 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in Banco Santander by 22.3% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 4,796,100 shares of the bank’s stock worth $15,779,000 after buying an additional 874,100 shares in the last quarter. Finally, Credit Suisse AG grew its holdings in Banco Santander by 540.8% during the fourth quarter. Credit Suisse AG now owns 2,091,652 shares of the bank’s stock worth $6,882,000 after buying an additional 1,765,237 shares in the last quarter. 8.34% of the stock is currently owned by institutional investors.
SAN has been the subject of several recent research reports. Morgan Stanley upped their price target on Banco Santander from €4.00 ($4.21) to €4.20 ($4.42) in a report on Monday, April 4th. Credit Suisse Group upgraded Banco Santander from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $3.30 to $4.00 in a report on Friday, April 1st. Royal Bank of Canada upped their price objective on Banco Santander from €2.90 ($3.05) to €3.00 ($3.16) and gave the company a “sector perform” rating in a research note on Friday, April 29th. Deutsche Bank Aktiengesellschaft upped their price objective on Banco Santander from €3.90 ($4.11) to €4.20 ($4.42) and gave the company a “buy” rating in a research note on Thursday, March 31st. Finally, The Goldman Sachs Group started coverage on Banco Santander in a research note on Thursday, March 31st. They issued a “buy” rating and a €5.00 ($5.26) price objective for the company. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Banco Santander currently has a consensus rating of “Moderate Buy” and an average target price of $3.83.
Banco Santander (NYSE:SAN – Get Rating) last posted its quarterly earnings results on Tuesday, April 26th. The bank reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $13.81 billion during the quarter, compared to the consensus estimate of $13.31 billion. Banco Santander had a return on equity of 9.25% and a net margin of 19.12%. On average, analysts predict that Banco Santander, S.A. will post 0.56 EPS for the current fiscal year.
Banco Santander Profile (Get Rating)
Banco Santander, SA provides various retail and commercial banking products and services to individuals, small and medium-sized enterprises, and large companies worldwide. It offers demand and time deposits, and current and savings accounts; mortgages, consumer finance, syndicated corporate loans, structured financing, cash management, export and agency finance, trade and working capital solutions, and corporate finance; and insurance products.
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