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

First Trust Direct Indexing L.P. raised its stake in Banco Santander, S.A. (NYSE:SAN) by 0.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 425,804 shares of the bank’s stock after acquiring an additional 3,468 shares during the period. First Trust Direct Indexing L.P.’s holdings in Banco Santander were worth $2,061,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Principal Securities Inc. purchased a new stake in shares of Banco Santander in the fourth quarter worth about $35,000. Glassman Wealth Services grew its holdings in shares of Banco Santander by 56.3% in the fourth quarter. Glassman Wealth Services now owns 9,565 shares of the bank’s stock valued at $40,000 after purchasing an additional 3,444 shares in the last quarter. Financial Management Professionals Inc. increased its position in Banco Santander by 1,853.0% in the first quarter. Financial Management Professionals Inc. now owns 8,359 shares of the bank’s stock worth $40,000 after purchasing an additional 7,931 shares during the last quarter. Riversedge Advisors LLC purchased a new stake in Banco Santander during the fourth quarter valued at $42,000. Finally, Coldstream Capital Management Inc. bought a new position in Banco Santander during the fourth quarter valued at $42,000. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SAN. StockNews.com cut shares of 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 research note on Monday, March 25th.

Banco Santander Trading Up 2.6 %

SAN stock opened at $4.75 on Friday. The firm’s fifty day simple moving average is $4.95 and its two-hundred day simple moving average is $4.53. The stock has a market capitalization of $75.17 billion, a price-to-earnings ratio of 6.60, a price-to-earnings-growth ratio of 0.41 and a beta of 1.16. 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 posted its quarterly earnings data on Tuesday, April 30th. The bank reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Banco Santander had a return on equity of 10.95% and a net margin of 14.98%. The firm had revenue of $16.34 billion during the quarter. As a group, analysts anticipate that Banco Santander, S.A. will post 0.82 earnings per share for the current 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.