Capital Wealth Planning LLC Acquires 34,352 Shares of Banco Santander, S.A. (NYSE:SAN)

Capital Wealth Planning LLC increased its holdings in Banco Santander, S.A. (NYSE:SAN) by 8.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 422,967 shares of the bank’s stock after buying an additional 34,352 shares during the period. Capital Wealth Planning LLC’s holdings in Banco Santander were worth $1,929,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. R Squared Ltd bought a new position in Banco Santander in the fourth quarter worth approximately $27,000. Sierra Ocean LLC acquired a new position in shares of Banco Santander during the fourth quarter worth $32,000. Advisors Preferred LLC acquired a new position in shares of Banco Santander during the fourth quarter worth $37,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Banco Santander during the third quarter worth $45,000. Finally, CogentBlue Wealth Advisors LLC acquired a new position in shares of Banco Santander during the fourth quarter worth $50,000. Institutional investors own 9.19% of the company’s stock.

Banco Santander Price Performance

Shares of SAN opened at $6.39 on Friday. The firm has a market capitalization of $96.75 billion, a PE ratio of 7.69, a price-to-earnings-growth ratio of 0.77 and a beta of 1.12. The company has a debt-to-equity ratio of 13.83, a current ratio of 2.24 and a quick ratio of 0.23. Banco Santander, S.A. has a 1-year low of $4.07 and a 1-year high of $6.50. The company’s fifty day moving average price is $5.22 and its 200-day moving average price is $4.98.

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

Analysts Set New Price Targets

SAN has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods raised Banco Santander from a “hold” rating to a “moderate buy” rating in a research report on Monday, February 24th. The Goldman Sachs Group downgraded Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, November 26th. Finally, StockNews.com raised Banco Santander from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Banco Santander 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.