Allspring Global Investments Holdings LLC Grows Stock Holdings in Banco Santander, S.A. (NYSE:SAN)

Allspring Global Investments Holdings LLC grew its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 15.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 109,187 shares of the bank’s stock after buying an additional 14,894 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Banco Santander were worth $490,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in SAN. Fisher Asset Management LLC lifted its holdings in shares of Banco Santander by 1.4% during the 3rd quarter. Fisher Asset Management LLC now owns 143,585,152 shares of the bank’s stock valued at $732,284,000 after acquiring an additional 2,011,150 shares in the last quarter. FMR LLC grew its position in Banco Santander by 33.9% in the 3rd quarter. FMR LLC now owns 20,893,727 shares of the bank’s stock worth $106,558,000 after purchasing an additional 5,290,236 shares during the last quarter. Groupama Asset Managment bought a new position in Banco Santander in the 3rd quarter worth about $53,000. Chevy Chase Trust Holdings LLC bought a new position in shares of Banco Santander in the third quarter valued at approximately $22,500,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Banco Santander by 55.5% in the third quarter. JPMorgan Chase & Co. now owns 3,301,711 shares of the bank’s stock valued at $16,839,000 after acquiring an additional 1,178,449 shares in the last quarter. 9.19% of the stock is owned by hedge funds and other institutional investors.

Banco Santander Price Performance

NYSE:SAN opened at $6.16 on Tuesday. Banco Santander, S.A. has a 52 week low of $4.07 and a 52 week high of $6.22. The company has a market capitalization of $93.26 billion, a price-to-earnings ratio of 7.42, a PEG ratio of 0.77 and a beta of 1.12. The company has a 50-day moving average of $5.08 and a 200-day moving average of $4.93. The company has a debt-to-equity ratio of 13.83, a quick ratio of 0.23 and a current ratio of 2.24.

Banco Santander (NYSE:SAN) last announced its quarterly earnings results on Wednesday, February 5th. The bank reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. Banco Santander had a net margin of 15.88% and a return on equity of 11.90%. As a group, equities research analysts anticipate that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on SAN shares. StockNews.com raised shares of Banco Santander from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. The Goldman Sachs Group lowered shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Finally, Morgan Stanley upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 26th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

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.