Banco Santander (NYSE:SAN) Releases Earnings Results, Misses Expectations By $0.04 EPS

Key Points

• Banco Santander reported earnings of $0.22 per share, missing analysts' estimates of $0.26 by $0.04, despite revenue exceeding expectations at $17.83 billion.
• The bank's stock, SAN, traded down 2.5% to $8.39 following the earnings announcement and has a market cap of $124.92 billion.
• Several institutional investors, including AQR Capital Management, increased their holdings in Banco Santander during the first quarter.

Banco Santander (NYSE:SAN - Get Free Report) issued its quarterly earnings results on Wednesday. The bank reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.04), Zacks reports. The business had revenue of $17.83 billion for the quarter, compared to the consensus estimate of $17.69 billion. Banco Santander had a net margin of 17.30% and a return on equity of 12.18%. Banco Santander updated its FY 2025 guidance to EPS.

Banco Santander Trading Down 2.5%

SAN stock traded down $0.22 during midday trading on Friday, hitting $8.39. The company had a trading volume of 1,833,085 shares, compared to its average volume of 5,769,913. Banco Santander has a 52 week low of $4.27 and a 52 week high of $8.98. The stock's 50 day moving average price is $8.29 and its 200 day moving average price is $7.06. The stock has a market cap of $124.92 billion, a price-to-earnings ratio of 9.33, a PEG ratio of 0.97 and a beta of 0.99.

Institutional Trading of Banco Santander

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC lifted its position in Banco Santander by 77.4% in the first quarter. AQR Capital Management LLC now owns 419,635 shares of the bank's stock valued at $2,812,000 after purchasing an additional 183,051 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Banco Santander in the first quarter valued at approximately $601,000. Integrated Wealth Concepts LLC lifted its position in Banco Santander by 3.7% in the first quarter. Integrated Wealth Concepts LLC now owns 71,990 shares of the bank's stock valued at $482,000 after purchasing an additional 2,566 shares during the last quarter. Focus Partners Wealth lifted its position in Banco Santander by 65.3% in the first quarter. Focus Partners Wealth now owns 71,169 shares of the bank's stock valued at $477,000 after purchasing an additional 28,107 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in Banco Santander by 271.2% in the first quarter. Jones Financial Companies Lllp now owns 10,276 shares of the bank's stock valued at $69,000 after purchasing an additional 7,508 shares during the last quarter. Institutional investors own 9.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SAN shares. Wall Street Zen upgraded Banco Santander from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Citigroup started coverage on Banco Santander in a research report on Wednesday, June 4th. They issued a "buy" rating for the company. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Banco Santander presently has a consensus rating of "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.

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