10 Best Long-term Penny Stocks to Buy Now

4. Banco Santander, S.A. (NYSE:SAN)

Share Price as of July 18: $4.83

Number of Hedge Fund Holders: 13

Banco Santander, S.A. (NYSE:SAN) is a Spain-based multinational bank that provides various financial services, including retail and commercial banking, investment banking, and private banking. The bank has a strong footing in Europe, Latin America, and the United States and is one of the largest banks in the world with around 166 million customers and €1.184 trillion (€1 = US$1.09) worth of customer deposits and mutual funds. It is one of the best long-term penny stocks to buy now.

Banco Santander (NYSE:SAN) maintained a robust fully loaded capital ratio of 12.3% in Q1, which indicates its strong capital generation capabilities and effective management of risk-weighted assets. The quarter saw the bank achieve an organic capital generation of 32 basis points.

Banco Santander (NYSE:SAN) continues to deploy capital to enhance profitability and optimize asset mobilization. The disciplined approach to capital allocation has resulted in a new book return on risk-weighted assets reaching 2.8% for the quarter, which surpasses that of its existing portfolio and exceeds last year’s performance. The establishment of a centralized asset management desk is evidence of its commitment to improving capital deployment efforts.

It is worth noting that Banco Santander (NYSE:SAN) successfully divested €30 billion in risk-weighted assets last year at a lower cost of capital compared to new origination, and it has plans to further scale this initiative in the current fiscal year.

At a stake value of $727.624 million, 13 hedge funds held positions in Banco Santander (NYSE:SAN) in the first quarter.