Recent insider trends for Banco Santander, S.A. (NYSE:SAN) have caught the attention of investors. Patters in insider activity can help analysts formulate an outlook for a stock. In the case of SAN, the data has a lot to say about how the stock might perform going forward.
Institutions own 01.26% of Banco Santander, S.A. (SAN)’s shares. The total value of these holdings, in millions, is $1,406. Among active positions in the latest quarter, 143 holders increased their positions by a total of 19.23 million shares, 104 holders decreased the positions by a total of 8.08 million shares, and 80 holders held their positions. This works out to a net increase in ownership of 11.15 million shares, and suggests that institutions are feeling bullish about the stock.
Among new and sold out positions, 54 holders initiated new positions by a total of 8.96 million shares and 27 holders exited their positions by a total of 2.82 million shares. This nets out to an increase of 6.14 million shares and is a bullish sign for SAN.
Insider ownership increased by a total of 0 shares, which suggests that SAN’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: ownership increased by a net of 0 shares.
Short interest is another tool that analysts use to gauge investor sentiment. It represents the number of a stock’s shares that are being shorted by investors. Banco Santander, S.A. (NYSE:SAN)’s short interest is 4.96 million shares, or 0.03% of the float. This represents a decrease of -10% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.
Insider data can help an investor form an outlook on a stock, but it’s important to supplement this data with other information such as technical indicators to form a more complete view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that SAN is a Strong buy, which implies that SAN is expected to outperform the market based on prior trading patterns.
Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Banco Santander, S.A. (NYSE:SAN) is undervalued.