27,870 Shares in Banco Santander, S.A. $SAN Bought by Global Trust Asset Management LLC

Key Points

• Global Trust Asset Management LLC acquired 27,870 shares of Banco Santander, valued at approximately $231,000, marking a new investment position.
• Analysts have mixed views on Banco Santander, with Kepler Capital Markets downgrading the stock to a "hold" rating, while Goldman Sachs upgraded it to "strong-buy."
• The stock was recently trading at $10.29, has a market cap of $153.17 billion, and reported a quarterly earnings miss with an EPS of $0.22 against estimates of $0.26.

Global Trust Asset Management LLC bought a new position in Banco Santander, S.A. (NYSE:SAN - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 27,870 shares of the bank's stock, valued at approximately $231,000.

Several other institutional investors have also recently bought and sold shares of the company. Wayfinding Financial LLC bought a new position in shares of Banco Santander during the 1st quarter worth about $28,000. TD Private Client Wealth LLC increased its holdings in shares of Banco Santander by 478.8% during the 2nd quarter. TD Private Client Wealth LLC now owns 5,203 shares of the bank's stock worth $43,000 after purchasing an additional 4,304 shares during the period. Larson Financial Group LLC increased its holdings in shares of Banco Santander by 63.2% during the 1st quarter. Larson Financial Group LLC now owns 9,532 shares of the bank's stock worth $64,000 after purchasing an additional 3,693 shares during the period. Western Financial Corp CA bought a new position in shares of Banco Santander during the 2nd quarter worth about $84,000. Finally, Jones Financial Companies Lllp increased its holdings 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 worth $69,000 after purchasing an additional 7,508 shares during the period. Institutional investors own 9.19% of the company's stock.

Analysts Set New Price Targets

SAN has been the topic of several research reports. Kepler Capital Markets downgraded shares of Banco Santander from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. The Goldman Sachs Group upgraded shares of Banco Santander to a "strong-buy" rating in a report on Thursday, September 25th. Finally, Citigroup initiated coverage on shares of Banco Santander in a report on Wednesday, June 4th. They set a "buy" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy".

Banco Santander Stock Down 0.9%

NYSE SAN opened at $10.29 on Tuesday. The stock has a market cap of $153.17 billion, a P/E ratio of 11.43, a PEG ratio of 0.85 and a beta of 1.08. The company's 50-day simple moving average is $9.52 and its 200 day simple moving average is $8.22. Banco Santander, S.A. has a twelve month low of $4.43 and a twelve month high of $10.40.

Banco Santander (NYSE:SAN - Get Free Report) last released 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). The firm had revenue of $17.83 billion during the quarter, compared to analyst estimates of $17.69 billion. Banco Santander had a net margin of 17.30% and a return on equity of 11.98%. Banco Santander has set its FY 2025 guidance at EPS. Research analysts anticipate that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

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.

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.