Truist Financial Corp Has $190,000 Stock Position in Banco Santander, S.A. (NYSE:SAN)

Truist Financial Corp boosted its position in shares of Banco Santander, S.A. (NYSE:SAN) by 10.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 41,600 shares of the bank’s stock after purchasing an additional 3,929 shares during the period. Truist Financial Corp’s holdings in Banco Santander were worth $190,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. R Squared Ltd acquired a new stake in Banco Santander during the fourth quarter valued at $27,000. Sierra Ocean LLC bought a new position in Banco Santander during the fourth quarter valued at about $32,000. Advisors Preferred LLC bought a new position in Banco Santander during the fourth quarter valued at about $37,000. Wilmington Savings Fund Society FSB bought a new position in Banco Santander during the third quarter valued at about $45,000. Finally, Groupama Asset Managment bought a new position in Banco Santander during the third quarter valued at about $53,000. Institutional investors and hedge funds own 9.19% of the company’s stock.

Banco Santander Trading Down 0.1 %

Banco Santander stock opened at $6.64 on Friday. The company has a debt-to-equity ratio of 13.83, a quick ratio of 0.23 and a current ratio of 2.24. The business’s 50-day simple moving average is $5.39 and its 200-day simple moving average is $5.03. The firm has a market capitalization of $100.54 billion, a PE ratio of 7.99, a PEG ratio of 0.77 and a beta of 1.09. Banco Santander, S.A. has a 52 week low of $4.26 and a 52 week high of $6.83.

Banco Santander (NYSE:SAN) last posted its quarterly earnings data on Wednesday, February 5th. The bank reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. Banco Santander had a return on equity of 11.90% and a net margin of 15.88%. Equities research analysts forecast that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SAN. StockNews.com upgraded Banco Santander from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Keefe, Bruyette & Woods upgraded Banco Santander from a “hold” rating to a “moderate buy” rating in a report on Monday, February 24th. Morgan Stanley upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 26th. Finally, The Goldman Sachs Group lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Banco Santander Company 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.