Geneos Wealth Management Inc. Raises Position in Banco Santander, S.A. $SAN

Geneos Wealth Management Inc. lifted its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 358.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,177 shares of the bank’s stock after purchasing an additional 11,085 shares during the period. Geneos Wealth Management Inc.’s holdings in Banco Santander were worth $95,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of SAN. Chevy Chase Trust Holdings LLC increased its stake in shares of Banco Santander by 30.5% in the first quarter. Chevy Chase Trust Holdings LLC now owns 11,875,594 shares of the bank’s stock worth $79,566,000 after purchasing an additional 2,774,449 shares in the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in Banco Santander in the 1st quarter valued at approximately $10,181,000. Citigroup Inc. grew its position in shares of Banco Santander by 170.6% in the first 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 in the last quarter. Steamboat Capital Partners LLC purchased a new position in shares of Banco Santander in the first quarter valued at $6,700,000. Finally, Northern Trust Corp grew its position in shares of Banco Santander by 6.3% in the first quarter. Northern Trust Corp now owns 11,457,741 shares of the bank’s stock valued at $76,767,000 after purchasing an additional 682,480 shares in the last quarter. 9.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on SAN. Citigroup began coverage on Banco Santander in a report on Wednesday, June 4th. They set a “buy” rating for the company. Kepler Capital Markets cut shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Banco Santander Trading Up 0.5%

Shares of NYSE SAN opened at $10.06 on Thursday. Banco Santander, S.A. has a 12 month low of $4.43 and a 12 month high of $10.16. The firm has a market capitalization of $149.75 billion, a price-to-earnings ratio of 11.18, a PEG ratio of 0.82 and a beta of 1.08. The business has a 50-day moving average of $9.23 and a 200-day moving average of $7.99.

Banco Santander (NYSE:SAN) last released 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). Banco Santander had a return on equity of 11.98% and a net margin of 17.30%.The company had revenue of $17.83 billion during the quarter, compared to analysts’ expectations of $17.69 billion. Banco Santander has set its FY 2025 guidance at EPS. On average, analysts predict that Banco Santander, S.A. will post 0.83 earnings per share for the current 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.