Steamboat Capital Partners LLC Invests $6.70 Million in Banco Santander, S.A. $SAN

Key Points

• Steamboat Capital Partners LLC acquired 1,000,000 shares of Banco Santander, S.A. valued at approximately $6.7 million, marking it as the firm's 21st largest holding.
• Banco Santander reported $0.22 earnings per share (EPS) for the last quarter, which fell short of analysts' expectations of $0.26 EPS.
• Analysts have mixed ratings on Banco Santander, with one Strong Buy, two Buy, and two Hold ratings according to the current consensus.

Steamboat Capital Partners LLC acquired a new position in Banco Santander, S.A. (NYSE:SAN - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,000,000 shares of the bank's stock, valued at approximately $6,700,000. Banco Santander accounts for 2.0% of Steamboat Capital Partners LLC's portfolio, making the stock its 21st biggest holding.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Northern Trust Corp grew its position in Banco Santander by 46.4% during the fourth quarter. Northern Trust Corp now owns 10,775,261 shares of the bank's stock valued at $49,135,000 after buying an additional 3,413,685 shares during the period. Chevy Chase Trust Holdings LLC grew its position in shares of Banco Santander by 30.5% during 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. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in shares of Banco Santander in the 1st quarter valued at about $10,181,000. Citigroup Inc. boosted its position in Banco Santander by 170.6% during the first quarter. Citigroup Inc. now owns 2,349,567 shares of the bank's stock worth $15,742,000 after purchasing an additional 1,481,207 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in Banco Santander by 4,041.6% in the fourth quarter. Jane Street Group LLC now owns 990,966 shares of the bank's stock valued at $4,519,000 after purchasing an additional 967,039 shares during the period. Institutional investors and hedge funds own 9.19% of the company's stock.

Banco Santander Trading Up 0.1%

SAN stock traded up $0.01 during trading on Wednesday, reaching $9.45. 2,014,390 shares of the stock were exchanged, compared to its average volume of 3,710,798. The business has a 50 day moving average price of $8.91 and a 200-day moving average price of $7.73. Banco Santander, S.A. has a 1 year low of $4.43 and a 1 year high of $9.82. The firm has a market capitalization of $140.59 billion, a price-to-earnings ratio of 10.49, a P/E/G ratio of 1.07 and a beta of 1.08.

Banco Santander (NYSE:SAN - Get Free Report) last issued its 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 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. On average, research analysts anticipate that Banco Santander, S.A. will post 0.83 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SAN shares. Kepler Capital Markets lowered Banco Santander from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Wall Street Zen upgraded Banco Santander from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Finally, Citigroup began coverage on Banco Santander in a research note on Wednesday, June 4th. They set a "buy" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate 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.