Banco Santander, S.A. $SAN Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its position in Banco Santander, S.A. (NYSE:SAN) by 7.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 356,476 shares of the bank’s stock after selling 29,468 shares during the period. Rhumbline Advisers’ holdings in Banco Santander were worth $2,388,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Westbourne Investments Inc. purchased a new stake in shares of Banco Santander during the 1st quarter valued at about $453,000. Acadian Asset Management LLC purchased a new stake in shares of Banco Santander during the 1st quarter valued at about $601,000. Geneos Wealth Management Inc. raised its holdings in shares of Banco Santander by 358.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 14,177 shares of the bank’s stock valued at $95,000 after buying an additional 11,085 shares during the period. Focus Partners Wealth raised its holdings in shares of Banco Santander by 65.3% during the 1st quarter. Focus Partners Wealth now owns 71,169 shares of the bank’s stock valued at $477,000 after buying an additional 28,107 shares during the period. Finally, Ascent Group LLC purchased a new stake in shares of Banco Santander during the 1st quarter valued at about $339,000. 9.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SAN. Kepler Capital Markets downgraded Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Citigroup began coverage on Banco Santander in a report on Wednesday, June 4th. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Banco Santander Trading Down 1.4%

Shares of SAN opened at $10.00 on Wednesday. The firm has a market cap of $148.85 billion, a price-to-earnings ratio of 11.11, a PEG ratio of 0.83 and a beta of 1.08. The stock has a 50 day moving average of $9.21 and a 200-day moving average of $7.98. Banco Santander, S.A. has a 52 week low of $4.43 and a 52 week high of $10.16.

Banco Santander (NYSE:SAN) last issued its earnings results on Wednesday, July 30th. The bank reported $0.22 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.04). The firm had revenue of $17.83 billion during the quarter, compared to analyst estimates 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. On average, sell-side analysts predict that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

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.