First Trust Direct Indexing L.P. Boosts Holdings in Banco Santander, S.A. (NYSE:SAN)

First Trust Direct Indexing L.P. grew its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 0.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 425,804 shares of the bank’s stock after purchasing an additional 3,468 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Banco Santander were worth $2,061,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. CIBC Private Wealth Group LLC raised its stake in shares of Banco Santander by 41.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 14,148,083 shares of the bank’s stock valued at $58,699,000 after purchasing an additional 4,139,669 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Banco Santander by 658.7% in the fourth quarter. BNP Paribas Financial Markets now owns 1,072,836 shares of the bank’s stock valued at $4,442,000 after acquiring an additional 931,429 shares during the period. Goldman Sachs Group Inc. grew its stake in Banco Santander by 6.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 15,786,825 shares of the bank’s stock valued at $65,357,000 after acquiring an additional 892,960 shares in the last quarter. RWA Wealth Partners LLC bought a new stake in Banco Santander during the 4th quarter worth approximately $3,397,000. Finally, Lockheed Martin Investment Management Co. purchased a new stake in Banco Santander in the 4th quarter worth approximately $2,153,000. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SAN shares. StockNews.com downgraded Banco Santander from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 22nd. Barclays raised Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Monday, March 25th.

Banco Santander Trading Up 2.6 %

NYSE SAN opened at $4.75 on Friday. The company has a market capitalization of $75.17 billion, a price-to-earnings ratio of 6.60, a PEG ratio of 0.41 and a beta of 1.16. The stock’s 50-day simple moving average is $4.95 and its two-hundred day simple moving average is $4.53. The company has a quick ratio of 0.35, a current ratio of 2.27 and a debt-to-equity ratio of 13.96. Banco Santander, S.A. has a twelve month low of $3.49 and a twelve month high of $5.27.

Banco Santander (NYSE:SAN) last announced its quarterly earnings data on Tuesday, April 30th. The bank reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The business had revenue of $16.34 billion during the quarter. Banco Santander had a net margin of 14.98% and a return on equity of 10.95%. Research analysts forecast that Banco Santander, S.A. will post 0.82 EPS for the current fiscal year.

Banco Santander 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.