Lido Advisors LLC Buys 68,378 Shares of Banco Santander, S.A. $SAN

Lido Advisors LLC raised its stake in Banco Santander, S.A. (NYSE:SAN) by 162.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 110,387 shares of the bank’s stock after purchasing an additional 68,378 shares during the quarter. Lido Advisors LLC’s holdings in Banco Santander were worth $1,245,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of SAN. Cetera Investment Advisers boosted its position in shares of Banco Santander by 9.2% during the first quarter. Cetera Investment Advisers now owns 703,998 shares of the bank’s stock valued at $7,941,000 after buying an additional 59,304 shares during the last quarter. Acumen Wealth Advisors LLC lifted its stake in Banco Santander by 117.9% during the 1st quarter. Acumen Wealth Advisors LLC now owns 2,308 shares of the bank’s stock valued at $26,000 after acquiring an additional 1,249 shares in the last quarter. First Trust Advisors LP boosted its holdings in Banco Santander by 0.3% during the 1st quarter. First Trust Advisors LP now owns 646,366 shares of the bank’s stock worth $7,291,000 after acquiring an additional 2,114 shares during the last quarter. CacheTech Inc. boosted its holdings in Banco Santander by 4.5% during the 1st quarter. CacheTech Inc. now owns 293,432 shares of the bank’s stock worth $3,310,000 after acquiring an additional 12,557 shares during the last quarter. Finally, Barometer Capital Management Inc. grew its stake in shares of Banco Santander by 203.3% in the 1st quarter. Barometer Capital Management Inc. now owns 216,600 shares of the bank’s stock worth $2,414,000 after acquiring an additional 145,191 shares in the last quarter. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Banco Santander Stock Up 3.2%

Shares of NYSE:SAN opened at $13.98 on Tuesday. Banco Santander, S.A. has a 1 year low of $8.29 and a 1 year high of $14.39. The company has a market capitalization of $205.31 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 0.73 and a beta of 0.72. The business has a fifty day moving average price of $13.14 and a two-hundred day moving average price of $12.38. The company has a debt-to-equity ratio of 3.89, a current ratio of 0.35 and a quick ratio of 0.25.

Banco Santander (NYSE:SAN) last released its earnings results on Wednesday, July 22nd. The bank reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The business had revenue of $17.93 billion for the quarter, compared to the consensus estimate of $17.90 billion. Banco Santander had a return on equity of 12.43% and a net margin of 26.94%. Analysts forecast that Banco Santander, S.A. will post 1.14 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SAN. Santander reissued a “buy” rating on shares of Banco Santander in a research report on Tuesday, June 23rd. Weiss Ratings upgraded shares of Banco Santander from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Tuesday, July 14th. Finally, Wall Street Zen cut shares of Banco Santander from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company 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.