Vise Technologies Inc. Raises Stock Position in Banco Santander, S.A. $SAN

Vise Technologies Inc. grew its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 1,565.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 178,226 shares of the bank’s stock after purchasing an additional 167,524 shares during the period. Vise Technologies Inc.’s holdings in Banco Santander were worth $2,091,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of SAN. CIBC Bancorp USA Inc. acquired a new position in shares of Banco Santander during the third quarter worth about $93,811,000. Lazard Asset Management LLC grew its position in shares of Banco Santander by 2,038,075.5% during the second quarter. Lazard Asset Management LLC now owns 7,643,158 shares of the bank’s stock worth $63,438,000 after buying an additional 7,642,783 shares in the last quarter. Capital International Investors grew its position in shares of Banco Santander by 67.5% during the third quarter. Capital International Investors now owns 14,529,024 shares of the bank’s stock worth $149,504,000 after buying an additional 5,856,034 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of Banco Santander by 225.3% during the third quarter. Raymond James Financial Inc. now owns 4,100,768 shares of the bank’s stock worth $42,976,000 after buying an additional 2,840,145 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Banco Santander by 85.0% during the third quarter. Envestnet Asset Management Inc. now owns 5,552,931 shares of the bank’s stock worth $58,195,000 after buying an additional 2,551,675 shares in the last quarter. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

Banco Santander Price Performance

Shares of NYSE SAN opened at $12.16 on Monday. The stock has a fifty day moving average price of $12.03 and a 200 day moving average price of $11.82. Banco Santander, S.A. has a 1-year low of $7.83 and a 1-year high of $13.24. The company has a market cap of $178.55 billion, a PE ratio of 10.05, a P/E/G ratio of 0.69 and a beta of 0.73.

Banco Santander (NYSE:SAN) last issued its quarterly earnings results on Wednesday, April 29th. The bank reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.02). Banco Santander had a return on equity of 12.23% and a net margin of 26.92%.The company had revenue of $17.53 billion for the quarter, compared to analyst estimates of $17.66 billion. Analysts anticipate that Banco Santander, S.A. will post 1.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 23rd. Royal Bank Of Canada raised Banco Santander from a “sector perform” rating to an “outperform” rating in a research report on Monday, February 23rd. UBS Group reissued a “buy” rating on shares of Banco Santander in a research report on Monday, February 16th. Weiss Ratings downgraded Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, May 8th. Finally, Santander reissued an “outperform” rating on shares of Banco Santander in a research report on Tuesday, May 12th. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Banco Santander has a consensus rating of “Moderate Buy”.

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.