Marietta Investment Partners LLC Has $5.87 Million Stock Holdings in Banco Santander, S.A. $SAN

Marietta Investment Partners LLC increased its position in Banco Santander, S.A. (NYSE:SAN) by 9.3% in the first quarter, Holdings Channel.com reports. The firm owned 520,774 shares of the bank’s stock after acquiring an additional 44,332 shares during the period. Banco Santander comprises approximately 1.2% of Marietta Investment Partners LLC’s portfolio, making the stock its 25th largest holding. Marietta Investment Partners LLC’s holdings in Banco Santander were worth $5,874,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SAN. CIBC Bancorp USA Inc. acquired a new position in Banco Santander during the 3rd quarter valued at about $93,811,000. Lazard Asset Management LLC lifted its holdings in Banco Santander by 2,038,075.5% in the second quarter. Lazard Asset Management LLC now owns 7,643,158 shares of the bank’s stock valued at $63,438,000 after buying an additional 7,642,783 shares during the period. Capital International Investors grew its holdings in Banco Santander by 67.5% during the 3rd quarter. Capital International Investors now owns 14,529,024 shares of the bank’s stock worth $149,504,000 after acquiring an additional 5,856,034 shares during the period. Raymond James Financial Inc. raised its position in shares of Banco Santander by 225.3% during the 3rd quarter. Raymond James Financial Inc. now owns 4,100,768 shares of the bank’s stock valued at $42,976,000 after acquiring an additional 2,840,145 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Banco Santander by 68.5% in the 2nd quarter. Bank of America Corp DE now owns 4,778,086 shares of the bank’s stock valued at $39,658,000 after purchasing an additional 1,942,579 shares during the period. 9.19% of the stock is owned by institutional investors.

Banco Santander Trading Up 0.1%

Shares of NYSE SAN opened at $13.96 on Monday. The company has a fifty day moving average price of $12.60 and a 200 day moving average price of $12.17. The firm has a market cap of $205.14 billion, a PE ratio of 11.54, a PEG ratio of 0.79 and a beta of 0.72. Banco Santander, S.A. has a 1-year low of $8.28 and a 1-year high of $14.18.

Banco Santander (NYSE:SAN) last issued its quarterly earnings results on Wednesday, April 29th. The bank reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The firm had revenue of $17.53 billion during the quarter, compared to the consensus estimate of $17.66 billion. Banco Santander had a net margin of 26.92% and a return on equity of 12.23%. Equities research analysts forecast that Banco Santander, S.A. will post 1.11 EPS for the current year.

Analysts Set New Price Targets

SAN has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Banco Santander from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. Weiss Ratings cut Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, May 8th. Santander reiterated an “overweight” rating on shares of Banco Santander in a research report on Thursday. Finally, Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 23rd. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

About Banco Santander

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.