GAMMA Investing LLC Has $102,000 Stock Position in Banco Santander, S.A. (NYSE:SAN)

GAMMA Investing LLC raised its stake in Banco Santander, S.A. (NYSE:SAN) by 20.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,156 shares of the bank’s stock after purchasing an additional 3,542 shares during the period. GAMMA Investing LLC’s holdings in Banco Santander were worth $102,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Pathstone Family Office LLC bought a new position in Banco Santander during the third quarter valued at about $133,000. Rhumbline Advisers increased its position in shares of Banco Santander by 4.9% during the third quarter. Rhumbline Advisers now owns 585,053 shares of the bank’s stock valued at $2,200,000 after purchasing an additional 27,590 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Banco Santander in the third quarter valued at $135,000. FMR LLC boosted its stake in Banco Santander by 1.4% during the third quarter. FMR LLC now owns 9,217,199 shares of the bank’s stock worth $34,657,000 after buying an additional 124,106 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Banco Santander in the 3rd quarter valued at $1,345,000. Institutional investors own 9.19% of the company’s stock.

Wall Street Analysts Forecast Growth

SAN has been the topic of several recent research reports. Barclays upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 25th. StockNews.com lowered Banco Santander from a “strong-buy” rating to a “buy” rating in a research note on Saturday.

Banco Santander Stock Down 2.1 %

Shares of NYSE SAN opened at $4.62 on Friday. Banco Santander, S.A. has a 52-week low of $3.32 and a 52-week high of $5.27. The company has a debt-to-equity ratio of 13.96, a quick ratio of 0.35 and a current ratio of 2.27. The business has a fifty day moving average of $4.97 and a two-hundred day moving average of $4.50. The stock has a market cap of $73.11 billion, a PE ratio of 6.42, a PEG ratio of 0.40 and a beta of 1.17.

Banco Santander (NYSE:SAN) last announced its quarterly earnings results on Tuesday, April 30th. The bank reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.01). The firm had revenue of $16.34 billion for the quarter. Banco Santander had a net margin of 14.98% and a return on equity of 10.95%. As a group, equities research analysts expect that Banco Santander, S.A. will post 0.82 earnings per share for the current fiscal year.

About Banco Santander

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.