Banco Santander, S.A. (NYSE:SAN) Given Average Recommendation of "Buy" by Brokerages

Key Points

• Banco Santander, S.A. (NYSE:SAN) has received an average recommendation of "Buy" from analysts, with one strong buy, three buying, and one hold rating.
• Recent quarterly earnings showed an EPS of $0.22, missing estimates of $0.26, but revenue surpassed expectations at $17.83 billion.
• Institutional investors have significantly increased their holdings in Banco Santander, with some funds reporting increases of up to 791.8% in stake size.

Shares of Banco Santander, S.A. (NYSE:SAN - Get Free Report) have earned an average recommendation of "Buy" from the five analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

A number of equities analysts have commented on the company. The Goldman Sachs Group raised Banco Santander to a "strong-buy" rating in a research note on Thursday, September 25th. 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. Finally, Weiss Ratings reissued a "buy (b+)" rating on shares of Banco Santander in a research note on Wednesday.

Banco Santander Price Performance

Shares of SAN stock opened at $10.13 on Thursday. The firm has a market cap of $150.79 billion, a price-to-earnings ratio of 11.26, a P/E/G ratio of 0.80 and a beta of 1.02. The stock's fifty day simple moving average is $9.71 and its 200 day simple moving average is $8.36. Banco Santander has a one year low of $4.43 and a one year high of $10.50.

Banco Santander (NYSE:SAN - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The bank reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.04). The business had revenue of $17.83 billion during the quarter, compared to analyst estimates 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, research analysts anticipate that Banco Santander will post 0.83 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its stake in Banco Santander by 18.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 86,172 shares of the bank's stock valued at $393,000 after purchasing an additional 13,140 shares in the last quarter. GAMMA Investing LLC grew its stake in Banco Santander by 791.8% in the first quarter. GAMMA Investing LLC now owns 294,036 shares of the bank's stock valued at $1,970,000 after purchasing an additional 261,066 shares in the last quarter. Merit Financial Group LLC grew its stake in Banco Santander by 53.6% in the first quarter. Merit Financial Group LLC now owns 37,102 shares of the bank's stock valued at $249,000 after purchasing an additional 12,949 shares in the last quarter. Wedmont Private Capital grew its stake in Banco Santander by 11.1% in the first quarter. Wedmont Private Capital now owns 38,772 shares of the bank's stock valued at $249,000 after purchasing an additional 3,888 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Banco Santander during the 1st quarter worth approximately $307,000. 9.19% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.