Chevy Chase Trust Holdings LLC Boosts Stake in Banco Santander, S.A. (NYSE:SAN)

Chevy Chase Trust Holdings LLC lifted its position in Banco Santander, S.A. (NYSE:SAN) by 106.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,101,145 shares of the bank’s stock after purchasing an additional 4,689,461 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.06% of Banco Santander worth $41,501,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SAN. Sanctuary Advisors LLC purchased a new position in shares of Banco Santander in the 2nd quarter worth about $280,000. Creative Planning boosted its holdings in shares of Banco Santander by 13.5% in the 3rd quarter. Creative Planning now owns 1,341,733 shares of the bank’s stock worth $6,843,000 after purchasing an additional 159,610 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of Banco Santander by 26.8% in the 3rd quarter. Bleakley Financial Group LLC now owns 38,272 shares of the bank’s stock worth $195,000 after purchasing an additional 8,082 shares in the last quarter. Aaron Wealth Advisors LLC boosted its holdings in shares of Banco Santander by 19.9% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 93,980 shares of the bank’s stock worth $479,000 after purchasing an additional 15,575 shares in the last quarter. Finally, Trust Point Inc. boosted its holdings in shares of Banco Santander by 35.5% in the 3rd quarter. Trust Point Inc. now owns 25,045 shares of the bank’s stock worth $128,000 after purchasing an additional 6,564 shares in the last quarter. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. StockNews.com upgraded Banco Santander from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. The Goldman Sachs Group lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Finally, Morgan Stanley raised 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 given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Banco Santander Trading Up 1.6 %

NYSE SAN opened at $6.02 on Friday. The stock has a 50-day moving average of $4.92 and a 200-day moving average of $4.86. The firm has a market cap of $95.19 billion, a PE ratio of 7.25, a price-to-earnings-growth ratio of 0.73 and a beta of 1.12. The company has a current ratio of 2.24, a quick ratio of 0.23 and a debt-to-equity ratio of 13.83. Banco Santander, S.A. has a 1-year low of $3.88 and a 1-year high of $6.06.

Banco Santander (NYSE:SAN) last released its quarterly earnings results on Wednesday, February 5th. The bank reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. Banco Santander had a return on equity of 11.90% and a net margin of 15.88%. As a group, sell-side analysts forecast that Banco Santander, S.A. will post 0.83 EPS for the current year.

Banco Santander Company 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.