Gateway Wealth Partners LLC Acquires New Position in Banco Santander, S.A. $SAN

Gateway Wealth Partners LLC acquired a new stake in shares of Banco Santander, S.A. (NYSE:SAN) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 54,510 shares of the bank’s stock, valued at approximately $615,000.

A number of other large investors also recently bought and sold shares of the company. Orca Wealth Management LLC increased its holdings in shares of Banco Santander by 1.4% in the 4th quarter. Orca Wealth Management LLC now owns 65,572 shares of the bank’s stock valued at $852,000 after acquiring an additional 894 shares during the last quarter. Composition Wealth LLC raised its position in shares of Banco Santander by 8.3% during the 4th quarter. Composition Wealth LLC now owns 12,442 shares of the bank’s stock valued at $146,000 after acquiring an additional 952 shares in the last quarter. Stratos Investment Management LLC lifted its stake in Banco Santander by 6.3% during the fourth quarter. Stratos Investment Management LLC now owns 16,870 shares of the bank’s stock worth $198,000 after purchasing an additional 1,005 shares during the last quarter. Flputnam Investment Management Co. boosted its holdings in Banco Santander by 6.1% in the fourth quarter. Flputnam Investment Management Co. now owns 17,477 shares of the bank’s stock worth $205,000 after purchasing an additional 1,011 shares during the period. Finally, Klingman & Associates LLC boosted its holdings in Banco Santander by 9.8% in the first quarter. Klingman & Associates LLC now owns 11,595 shares of the bank’s stock worth $131,000 after purchasing an additional 1,039 shares during the period. Institutional investors own 9.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SAN shares. Wall Street Zen cut shares of Banco Santander from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Santander reaffirmed a “buy” rating on shares of Banco Santander in a research report on Tuesday, June 23rd. Finally, Weiss Ratings lowered shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Wednesday. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Banco Santander presently has an average rating of “Moderate Buy”.

Banco Santander Trading Up 5.5%

Shares of NYSE:SAN opened at $14.12 on Friday. The firm’s 50 day moving average is $13.24 and its two-hundred day moving average is $12.43. The firm has a market capitalization of $207.34 billion, a P/E ratio of 11.48, a PEG ratio of 0.72 and a beta of 0.72. Banco Santander, S.A. has a 52 week low of $8.29 and a 52 week high of $14.39.

Banco Santander (NYSE:SAN) last issued its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.02). Banco Santander had a return on equity of 12.43% and a net margin of 26.94%.The business had revenue of $17.93 billion for the quarter, compared to analyst estimates of $17.90 billion. Analysts predict that Banco Santander, S.A. will post 1.15 EPS for the current year.

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.