Banco Santander, S.A. (NYSE:SAN) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Banco Santander has received a consensus recommendation of "Moderate Buy" from five analysts, with ratings including two holds, two buys, and one strong buy.
• The bank reported a quarterly EPS of $0.22, missing estimates by $0.04, but had a revenue of $17.83 billion, surpassing expectations.
• Significant institutional activity has been observed, including GAMMA Investing LLC increasing its stake by 791.8% during the first quarter.

Banco Santander, S.A. (NYSE:SAN - Get Free Report) has received an average rating of "Moderate Buy" from the five brokerages that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company.

A number of research analysts have commented on SAN shares. Wall Street Zen raised Banco Santander from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Kepler Capital Markets downgraded Banco Santander from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Finally, Citigroup began coverage on Banco Santander in a report on Wednesday, June 4th. They issued a "buy" rating on the stock.

Institutional Trading of Banco Santander

Hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its holdings in shares of Banco Santander by 12.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 299,177 shares of the bank's stock worth $2,004,000 after purchasing an additional 34,248 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Banco Santander by 791.8% in the 1st quarter. GAMMA Investing LLC now owns 294,036 shares of the bank's stock worth $1,970,000 after purchasing an additional 261,066 shares during the last quarter. Barclays PLC lifted its holdings in shares of Banco Santander by 284.9% in the 4th quarter. Barclays PLC now owns 670,513 shares of the bank's stock worth $3,057,000 after purchasing an additional 496,309 shares during the last quarter. Chevy Chase Trust Holdings LLC increased its position in Banco Santander by 30.5% in the 1st quarter. Chevy Chase Trust Holdings LLC now owns 11,875,594 shares of the bank's stock valued at $79,566,000 after acquiring an additional 2,774,449 shares during the period. Finally, Atlas Capital Advisors Inc. acquired a new stake in Banco Santander in the 1st quarter valued at approximately $375,000. Institutional investors own 9.19% of the company's stock.

Banco Santander Price Performance

SAN traded up $0.1950 on Wednesday, reaching $9.7650. The company's stock had a trading volume of 6,082,014 shares, compared to its average volume of 4,522,186. The stock has a market cap of $145.36 billion, a price-to-earnings ratio of 10.85, a price-to-earnings-growth ratio of 1.10 and a beta of 1.06. Banco Santander has a 1 year low of $4.43 and a 1 year high of $9.82. The business's 50 day moving average is $8.71 and its 200 day moving average is $7.56.

Banco Santander (NYSE:SAN - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The bank reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.04). Banco Santander had a net margin of 17.30% and a return on equity of 11.98%. The business had revenue of $17.83 billion during the quarter, compared to analysts' expectations of $17.69 billion. Banco Santander has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Banco Santander will post 0.83 earnings per share for the current fiscal year.

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.