Banco Santander, S.A. $SAN Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its position in shares of Banco Santander, S.A. (NYSE:SAN) by 17.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 362,080 shares of the bank’s stock after acquiring an additional 54,664 shares during the quarter. Russell Investments Group Ltd.’s holdings in Banco Santander were worth $2,426,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new stake in Banco Santander during the first quarter worth about $10,181,000. Virtu Financial LLC acquired a new stake in Banco Santander during the first quarter worth about $1,144,000. Atlas Capital Advisors Inc. acquired a new stake in Banco Santander during the first quarter worth about $375,000. Townsquare Capital LLC increased its stake in Banco Santander by 13.6% during the first quarter. Townsquare Capital LLC now owns 42,670 shares of the bank’s stock worth $286,000 after acquiring an additional 5,094 shares during the last quarter. Finally, National Bank of Canada FI increased its stake in Banco Santander by 47.2% during the first quarter. National Bank of Canada FI now owns 89,549 shares of the bank’s stock worth $600,000 after acquiring an additional 28,721 shares during the last quarter. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander Stock Performance

Shares of SAN opened at $9.60 on Tuesday. The company has a market capitalization of $142.90 billion, a P/E ratio of 10.67, a P/E/G ratio of 1.10 and a beta of 1.06. Banco Santander, S.A. has a one year low of $4.43 and a one year high of $9.82. The stock has a 50-day moving average price of $8.74 and a 200 day moving average price of $7.59.

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

Analysts Set New Price Targets

SAN has been the subject of several analyst reports. Citigroup initiated coverage on Banco Santander in a research report on Wednesday, June 4th. They issued a “buy” rating for the company. Wall Street Zen raised Banco Santander from a “hold” rating to a “buy” rating in a research report on Tuesday, May 13th. Finally, Kepler Capital Markets downgraded Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Banco Santander Company 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.