Wedmont Private Capital Acquires 6,769 Shares of Banco Santander, S.A. (NYSE:SAN)

Wedmont Private Capital raised its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 35.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,133 shares of the bank’s stock after purchasing an additional 6,769 shares during the quarter. Wedmont Private Capital’s holdings in Banco Santander were worth $129,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Anchor Investment Management LLC bought a new stake in Banco Santander during the fourth quarter worth approximately $95,000. Jump Financial LLC purchased a new position in Banco Santander during the fourth quarter worth $56,000. Naviter Wealth LLC increased its position in Banco Santander by 25.5% during the fourth quarter. Naviter Wealth LLC now owns 250,487 shares of the bank’s stock valued at $1,037,000 after acquiring an additional 50,949 shares during the last quarter. Natixis Advisors L.P. lifted its holdings in shares of Banco Santander by 19.1% in the 4th quarter. Natixis Advisors L.P. now owns 1,106,340 shares of the bank’s stock worth $4,579,000 after acquiring an additional 177,692 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of Banco Santander by 30.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 959,806 shares of the bank’s stock worth $3,974,000 after purchasing an additional 221,567 shares during the period. 9.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. StockNews.com downgraded shares of Banco Santander from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Barclays upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Monday, March 25th.

Banco Santander Trading Down 2.1 %

SAN stock opened at $4.62 on Monday. The company has a market capitalization of $73.11 billion, a PE ratio of 6.42, a P/E/G ratio of 0.40 and a beta of 1.17. The company has a debt-to-equity ratio of 13.96, a current ratio of 2.27 and a quick ratio of 0.35. Banco Santander, S.A. has a 12 month low of $3.32 and a 12 month high of $5.27. The firm’s 50-day moving average is $4.97 and its 200 day moving average is $4.50.

Banco Santander (NYSE:SAN) last posted its quarterly earnings results on Tuesday, April 30th. The bank reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). The company had revenue of $16.34 billion for the quarter. Banco Santander had a net margin of 14.98% and a return on equity of 10.95%. On average, research analysts anticipate that Banco Santander, S.A. will post 0.82 EPS for the current year.

Banco Santander Profile

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.