Ameritas Advisory Services LLC Invests $69,000 in Banco Santander, S.A. $SAN

Ameritas Advisory Services LLC acquired a new position in Banco Santander, S.A. (NYSE:SAN) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,372 shares of the bank’s stock, valued at approximately $69,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wayfinding Financial LLC bought a new stake in shares of Banco Santander in the 1st quarter valued at about $28,000. Dogwood Wealth Management LLC bought a new stake in shares of Banco Santander in the 2nd quarter valued at about $33,000. TD Private Client Wealth LLC lifted its stake in shares of Banco Santander by 478.8% in the 2nd quarter. TD Private Client Wealth LLC now owns 5,203 shares of the bank’s stock valued at $43,000 after acquiring an additional 4,304 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of Banco Santander by 63.2% in the 1st quarter. Larson Financial Group LLC now owns 9,532 shares of the bank’s stock valued at $64,000 after acquiring an additional 3,693 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of Banco Santander by 271.2% in the 1st quarter. Jones Financial Companies Lllp now owns 10,276 shares of the bank’s stock valued at $69,000 after acquiring an additional 7,508 shares during the last quarter. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

Banco Santander Stock Performance

SAN stock opened at $9.76 on Friday. Banco Santander, S.A. has a fifty-two week low of $4.43 and a fifty-two week high of $10.50. The business’s 50 day moving average price is $9.77 and its two-hundred day moving average price is $8.41. The company has a market capitalization of $145.21 billion, a price-to-earnings ratio of 10.84, a price-to-earnings-growth ratio of 0.78 and a beta of 1.02.

Banco Santander (NYSE:SAN) last posted its earnings results on Wednesday, July 30th. The bank reported $0.22 earnings per share 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 firm had revenue of $17.83 billion for the quarter, compared to analysts’ expectations of $17.69 billion. Banco Santander has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on SAN. Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Santander in a research note on Wednesday. The Goldman Sachs Group raised Banco Santander to a “strong-buy” rating in a research note on Thursday, September 25th. Finally, Kepler Capital Markets lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Banco Santander presently has an average rating of “Buy”.

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.