15,126 Shares in Banco Santander, S.A. $SAN Bought by Sovran Advisors LLC

Sovran Advisors LLC acquired a new position in shares of Banco Santander, S.A. (NYSE:SAN) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 15,126 shares of the bank’s stock, valued at approximately $131,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Chevy Chase Trust Holdings LLC grew its position in Banco Santander by 30.5% during the first quarter. Chevy Chase Trust Holdings LLC now owns 11,875,594 shares of the bank’s stock worth $79,566,000 after buying an additional 2,774,449 shares in the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new stake in shares of Banco Santander in the 1st quarter valued at $10,181,000. Citigroup Inc. increased its position in shares of Banco Santander by 170.6% in the 1st quarter. Citigroup Inc. now owns 2,349,567 shares of the bank’s stock valued at $15,742,000 after buying an additional 1,481,207 shares in the last quarter. Steamboat Capital Partners LLC bought a new stake in shares of Banco Santander in the 1st quarter valued at $6,700,000. Finally, Northern Trust Corp increased its position in shares of Banco Santander by 6.3% in the 1st quarter. Northern Trust Corp now owns 11,457,741 shares of the bank’s stock valued at $76,767,000 after buying an additional 682,480 shares in the last quarter. 9.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SAN shares. Kepler Capital Markets lowered shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Citigroup started coverage on shares of Banco Santander in a research note on Wednesday, June 4th. They issued a “buy” rating for the company. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Banco Santander Price Performance

Shares of NYSE:SAN opened at $10.24 on Friday. The company’s 50-day moving average price is $9.30 and its two-hundred day moving average price is $8.06. Banco Santander, S.A. has a one year low of $4.43 and a one year high of $10.29. The stock has a market capitalization of $152.43 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 0.84 and a beta of 1.08.

Banco Santander (NYSE:SAN) last issued its quarterly 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 business had revenue of $17.83 billion for the quarter, compared to the consensus estimate 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, analysts anticipate that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

About Banco Santander

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.