10 Best NYSE Penny Stocks To Buy

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

Share Price as of June 27: $4.62

Number of Hedge Fund Holders: 13

Banco Santander, S.A. (NYSE:SAN) offers many financial services, including demand and time deposits, asset management and private banking services, corporate and investment banking services, and more.

Banco Santander, S.A. (NYSE:SAN) is in the position to expand its reach and solidify its position as a leader in the financial services industry as it gained 5 million new customers over the past year alone. Moreover, the company’s track record of net operating income growth is also impressive as it has achieved double-digit increases in net operating income year-over-year for the past eight quarters. Reporting a net profit of €2.9 billion in the first quarter, Banco Santander, S.A. saw an 11% increase compared to the same period last year, with a 9% rise in constant euros. The company’s efficiency ratio (expenses/revenue) improved by 1.4% year-over-year to 42.6%. Additionally, the Spanish giant’s return on tangible equity (ROE excluding intangible assets) climbed 55 basis points year-over-year to 14.9% in the quarter.

Banco Santander, S.A.’s (NYSE:SAN) shareholder value creation in Q1 was quite healthy, with a notable 14% growth due to its disciplined capital allocation strategies and the execution of share buyback programs. Over the past three years, the company has repurchased approximately 11% of its outstanding shares, which has led to an impressive return on investment of around 19% for its shareholders.

In Q1, 8 hedge funds held stakes in Banco Santander, S.A. (NYSE:SAN), with positions worth $9 million. As of the first quarter, Citadel Investment Group is the most significant shareholder in the company with a position worth $1.4 million.