Yahoo Finance Ramiro Mato García-Ansorena Just Bought Shares In Banco Santander, S.A. (BME:SAN)
Investors who take an interest in Banco Santander, S.A. (BME:SAN) should definitely note that insider Ramiro Mato García-Ansorena recently paid €3.55 per share to buy €391k worth of the stock. We reckon that's a good sign, especially since the purchase boosted their holding by 273%.
View our latest analysis for Banco Santander
The Last 12 Months Of Insider Transactions At Banco Santander
In the last twelve months, the biggest single purchase by an insider was when Non-Independent Non-executive Director Francisco Javier Botín-Sanz de Sautuola y O’Shea bought €12m worth of shares at a price of €3.75 per share. That means that an insider was happy to buy shares at around the current price of €3.84. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. In this case we're pleased to report that the insider purchases were made at close to current prices.
Banco Santander insiders may have bought shares in the last year, but they didn't sell any. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership of Banco Santander
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Banco Santander insiders own 0.9% of the company, currently worth about €563m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Does This Data Suggest About Banco Santander Insiders?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest Banco Santander insiders are well aligned, and quite possibly think the share price is too low. Nice! If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
But note: Banco Santander may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.
