Banco Santander (NYSE:SAN) Releases Quarterly Earnings Results, Misses Estimates 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 data on Wednesday. The bank reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.04), Zacks reports. The firm had revenue of $17.83 billion during the quarter, compared to analysts' expectations of $17.69 billion. Banco Santander had a net margin of 17.30% and a return on equity of 11.98%. Banco Santander updated its FY 2025 guidance to EPS.

Banco Santander Price Performance

SAN traded up $0.04 during trading hours on Tuesday, reaching $8.71. 7,093,254 shares of the stock traded hands, compared to its average volume of 5,810,876. Banco Santander has a fifty-two week low of $4.27 and a fifty-two week high of $8.98. The firm's fifty day simple moving average is $8.32 and its two-hundred day simple moving average is $7.14. The company has a market cap of $129.65 billion, a price-to-earnings ratio of 9.68, a PEG ratio of 0.93 and a beta of 1.06.

Hedge Funds Weigh In On Banco Santander

Several institutional investors and hedge funds have recently made changes to their positions in SAN. Jones Financial Companies Lllp raised its position in shares of Banco Santander by 271.2% during 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 in the last quarter. Focus Partners Wealth raised its holdings in shares of Banco Santander by 65.3% during the first quarter. Focus Partners Wealth now owns 71,169 shares of the bank's stock worth $477,000 after purchasing an additional 28,107 shares during the period. Integrated Wealth Concepts LLC lifted its position in shares of Banco Santander by 3.7% in the 1st quarter. Integrated Wealth Concepts LLC now owns 71,990 shares of the bank's stock worth $482,000 after buying an additional 2,566 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Banco Santander during the 1st quarter valued at about $601,000. Finally, AQR Capital Management LLC lifted its holdings in Banco Santander by 77.4% in the first quarter. AQR Capital Management LLC now owns 419,635 shares of the bank's stock worth $2,812,000 after acquiring an additional 183,051 shares during the last quarter. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on SAN shares. Citigroup initiated coverage on Banco Santander in a research note on Wednesday, June 4th. They set a "buy" rating for the company. Wall Street Zen upgraded shares of Banco Santander from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Banco Santander has an average rating of "Buy".

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.