Nykredit A S Invests $502,000 in Banco Santander, S.A. $SAN

Nykredit A S purchased a new stake in shares of Banco Santander, S.A. (NYSE:SAN) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 36,398 shares of the bank’s stock, valued at approximately $502,000.

Other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its position in Banco Santander by 77.4% in the first quarter. AQR Capital Management LLC now owns 419,635 shares of the bank’s stock worth $2,812,000 after acquiring an additional 183,051 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of Banco Santander by 3.7% in the 1st quarter. Integrated Wealth Concepts LLC now owns 71,990 shares of the bank’s stock valued at $482,000 after purchasing an additional 2,566 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Banco Santander by 271.2% in the first quarter. Jones Financial Companies Lllp now owns 10,276 shares of the bank’s stock worth $69,000 after purchasing an additional 7,508 shares in the last quarter. Focus Partners Wealth boosted its holdings in Banco Santander by 65.3% in the first quarter. Focus Partners Wealth now owns 71,169 shares of the bank’s stock worth $477,000 after purchasing an additional 28,107 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Banco Santander during the first quarter worth $601,000. Institutional investors and hedge funds own 9.19% of the company’s stock.

Analyst Upgrades and Downgrades

SAN has been the topic of a number of analyst reports. Santander reissued a “buy” rating on shares of Banco Santander in a report on Tuesday, June 23rd. Weiss Ratings downgraded Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday, July 29th. Finally, Wall Street Zen lowered shares of Banco Santander from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Banco Santander Trading Down 0.5%

Shares of SAN stock opened at $14.86 on Wednesday. Banco Santander, S.A. has a 12 month low of $9.62 and a 12 month high of $15.05. The company has a market capitalization of $218.21 billion, a P/E ratio of 12.08, a P/E/G ratio of 0.74 and a beta of 0.74. The stock has a 50 day moving average of $14.24 and a two-hundred day moving average of $12.86.

Banco Santander (NYSE:SAN) last released its quarterly earnings data 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%. Sell-side analysts predict that Banco Santander, S.A. will post 1.25 earnings per share for the current fiscal year.

About Banco Santander

Banco Santander, SA is a global banking group headquartered in Santander, Spain. Founded in 1857, the company provides financial products and services to individuals, businesses, institutions and governments through its banking operations in Europe, North America and South America.

Its principal activities include retail and commercial banking, consumer finance, corporate and investment banking, private banking, asset management, insurance and payment services. Santander offers products such as current and savings accounts, mortgages, personal loans, credit cards, business financing, investment products and digital banking services.

The group operates through established franchises in markets including Spain, the United Kingdom, Portugal, Poland, Brazil, Mexico, Chile, Argentina and the United States.