Myriad Asset Management US LP Acquires New Shares in Banco Santander, S.A. $SAN

Myriad Asset Management US LP bought a new stake in shares of Banco Santander, S.A. (NYSE:SAN) in the third quarter, HoldingsChannel.com reports. The firm bought 79,323 shares of the bank’s stock, valued at approximately $831,000.

A number of other large investors have also made changes to their positions in SAN. Fiduciary Financial Group LLC boosted its stake in shares of Banco Santander by 6.7% during the 3rd quarter. Fiduciary Financial Group LLC now owns 16,554 shares of the bank’s stock worth $173,000 after acquiring an additional 1,038 shares during the last quarter. Leavell Investment Management Inc. boosted its position in shares of Banco Santander by 6.0% in the third quarter. Leavell Investment Management Inc. now owns 19,617 shares of the bank’s stock worth $206,000 after purchasing an additional 1,108 shares during the period. Earned Wealth Advisors LLC increased its stake in shares of Banco Santander by 5.1% in the third quarter. Earned Wealth Advisors LLC now owns 27,887 shares of the bank’s stock worth $292,000 after purchasing an additional 1,359 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its position in shares of Banco Santander by 75.0% in the third quarter. Farmers & Merchants Investments Inc. now owns 3,500 shares of the bank’s stock valued at $37,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Banco Santander by 4.4% in the 2nd quarter. Invesco Ltd. now owns 42,573 shares of the bank’s stock worth $353,000 after purchasing an additional 1,786 shares during the period. 9.19% of the stock is currently owned by institutional investors.

Banco Santander Stock Performance

Shares of NYSE SAN opened at $12.43 on Friday. Banco Santander, S.A. has a fifty-two week low of $4.85 and a fifty-two week high of $12.48. The company has a market cap of $185.02 billion, a PE ratio of 13.22, a P/E/G ratio of 0.73 and a beta of 0.73. The business has a 50-day simple moving average of $11.42 and a two-hundred day simple moving average of $10.24.

Banco Santander (NYSE:SAN) last announced its quarterly earnings data on Wednesday, October 29th. The bank reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). The company had revenue of $26.22 billion during the quarter, compared to analysts’ expectations of $15.32 billion. Banco Santander had a net margin of 17.90% and a return on equity of 11.68%. On average, sell-side analysts predict that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group cut shares of Banco Santander from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, October 16th. DZ Bank lowered shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 18th. Zacks Research lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Banco Santander in a report on Wednesday. Finally, Kepler Capital Markets raised shares of Banco Santander from a “hold” rating to a “buy” rating in a research report on Tuesday, January 13th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Banco Santander 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.