Banco Santander, S.A. (NYSE:SAN) Holdings Lifted by US Bancorp DE

US Bancorp DE boosted its position in shares of Banco Santander, S.A. (NYSE:SANGet Rating) by 6.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 280,073 shares of the bank’s stock after buying an additional 16,286 shares during the period. US Bancorp DE’s holdings in Banco Santander were worth $650,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Brookstone Capital Management bought a new position in Banco Santander during the third quarter valued at about $27,000. Axxcess Wealth Management LLC bought a new position in Banco Santander during the second quarter valued at about $29,000. Baker Tilly Wealth Management LLC bought a new position in Banco Santander during the third quarter valued at about $29,000. Eqis Capital Management Inc. acquired a new position in shares of Banco Santander in the 2nd quarter valued at $30,000. Finally, Capital Wealth Alliance LLC acquired a new position in shares of Banco Santander in the 2nd quarter valued at $32,000. Institutional investors own 1.90% of the company’s stock.

Banco Santander Stock Up 1.8 %

Shares of NYSE SAN opened at $3.35 on Friday. The business’s 50 day moving average is $2.98 and its two-hundred day moving average is $2.68. The company has a market cap of $56.26 billion, a P/E ratio of 5.78 and a beta of 1.12. Banco Santander, S.A. has a 12 month low of $2.26 and a 12 month high of $4.01.

Banco Santander (NYSE:SANGet Rating) last released its quarterly earnings data on Wednesday, October 26th. The bank reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $13.58 billion for the quarter, compared to analysts’ expectations of $12.90 billion. Banco Santander had a return on equity of 9.67% and a net margin of 19.08%. Sell-side analysts expect that Banco Santander, S.A. will post 0.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SAN shares. JPMorgan Chase & Co. raised their price objective on Banco Santander from €3.50 ($3.80) to €3.60 ($3.91) in a research report on Wednesday, December 7th. Credit Suisse Group raised their price objective on Banco Santander from €4.00 ($4.35) to €4.10 ($4.46) in a research report on Monday, October 10th. StockNews.com upgraded Banco Santander from a “hold” rating to a “buy” rating in a report on Friday, October 28th. Finally, Citigroup upgraded Banco Santander from a “neutral” rating to a “buy” rating and lifted their price target for the company from €3.20 ($3.48) to €3.50 ($3.80) in a report on Tuesday, September 27th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Banco Santander currently has a consensus rating of “Moderate Buy” and a consensus price target of $3.94.

Banco Santander Company Profile

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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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Institutional Ownership by Quarter for Banco Santander (NYSE:SAN)

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