American Century Companies Inc. Lowers Holdings in Banco Santander, S.A. $SAN

American Century Companies Inc. decreased its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 3.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,299,880 shares of the bank’s stock after selling 107,230 shares during the quarter. American Century Companies Inc.’s holdings in Banco Santander were worth $22,109,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Chevy Chase Trust Holdings LLC boosted its stake in Banco Santander by 30.5% during the 1st quarter. Chevy Chase Trust Holdings LLC now owns 11,875,594 shares of the bank’s stock valued at $79,566,000 after purchasing an additional 2,774,449 shares during the last quarter. Northern Trust Corp boosted its stake in Banco Santander by 46.4% during the 4th quarter. Northern Trust Corp now owns 10,775,261 shares of the bank’s stock valued at $49,135,000 after purchasing an additional 3,413,685 shares during the last quarter. Bank of America Corp DE boosted its stake in Banco Santander by 19.9% during the 4th quarter. Bank of America Corp DE now owns 2,655,351 shares of the bank’s stock valued at $12,108,000 after purchasing an additional 440,676 shares during the last quarter. Citigroup Inc. boosted its stake in Banco Santander by 170.6% during the 1st quarter. Citigroup Inc. now owns 2,349,567 shares of the bank’s stock valued at $15,742,000 after purchasing an additional 1,481,207 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its stake in Banco Santander by 6.5% during the 1st quarter. QRG Capital Management Inc. now owns 1,935,314 shares of the bank’s stock valued at $12,967,000 after purchasing an additional 118,508 shares during the last quarter. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Wall Street Analyst Weigh In

SAN has been the topic of several recent analyst reports. Kepler Capital Markets downgraded Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Citigroup assumed coverage on Banco Santander in a research note on Wednesday, June 4th. They set a “buy” rating on the stock. Finally, Wall Street Zen upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Banco Santander currently has a consensus rating of “Moderate Buy”.

Banco Santander Trading Up 2.0%

Shares of SAN opened at $9.7650 on Friday. The firm has a market cap of $145.36 billion, a PE ratio of 10.85, a P/E/G ratio of 1.10 and a beta of 1.06. The firm has a fifty day simple moving average of $8.71 and a two-hundred day simple moving average of $7.55. Banco Santander, S.A. has a 1-year low of $4.43 and a 1-year high of $9.82.

Banco Santander (NYSE:SAN) last issued its quarterly earnings results on Wednesday, July 30th. The bank reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.04). The business had revenue of $17.83 billion for the quarter, compared to analysts’ expectations of $17.69 billion. Banco Santander had a return on equity of 11.98% and a net margin of 17.30%. Banco Santander has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Banco Santander 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.