Atria Investments Inc Buys 59,846 Shares of Banco Santander, S.A. $SAN

Atria Investments Inc lifted its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 57.9% during the third quarter, HoldingsChannel.com reports. The firm owned 163,199 shares of the bank’s stock after purchasing an additional 59,846 shares during the quarter. Atria Investments Inc’s holdings in Banco Santander were worth $1,710,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in SAN. Root Financial Partners LLC bought a new stake in shares of Banco Santander during the third quarter valued at about $25,000. True Wealth Design LLC bought a new stake in Banco Santander during the 3rd quarter worth approximately $27,000. Westside Investment Management Inc. purchased a new stake in Banco Santander in the 2nd quarter worth approximately $30,000. Atlantic Union Bankshares Corp bought a new position in Banco Santander in the 2nd quarter valued at $30,000. Finally, Smithfield Trust Co purchased a new position in shares of Banco Santander during the 2nd quarter valued at $30,000. Institutional investors own 9.19% of the company’s stock.

Banco Santander Price Performance

NYSE:SAN opened at $12.30 on Wednesday. The company has a market capitalization of $183.09 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 0.72 and a beta of 0.72. The business has a 50 day moving average of $12.09 and a 200 day moving average of $10.76. Banco Santander, S.A. has a 1-year low of $5.54 and a 1-year high of $13.11.

Banco Santander (NYSE:SAN) last posted its quarterly earnings results on Tuesday, February 3rd. The bank reported $0.28 EPS for the quarter, topping the consensus estimate of $0.24 by $0.04. Banco Santander had a net margin of 18.85% and a return on equity of 12.14%. The firm had revenue of $18.90 billion for the quarter, compared to the consensus estimate of $15.89 billion. As a group, sell-side analysts anticipate that Banco Santander, S.A. will post 0.83 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SAN shares. Barclays downgraded Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. UBS Group reaffirmed a “buy” rating on shares of Banco Santander in a report on Monday. Kepler Capital Markets raised Banco Santander from a “hold” rating to a “buy” rating in a report on Tuesday, January 13th. Wall Street Zen raised shares of Banco Santander from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Santander in a research note on Wednesday, January 21st. Four investment 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

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.