38,683 Shares in Banco Santander, S.A. $SAN Acquired by LVW Advisors LLC

Key Points

• LVW Advisors LLC acquired 38,683 shares of Banco Santander, valued at approximately $321,000, marking a new position in the bank during the 2nd quarter.
• Banco Santander's stock rose by 1.6%, with current shares opening at $10.38, while the stock has a 52-week high and low of $10.40 and $4.43, respectively.
• The bank reported $0.22 EPS for the recent quarter, falling short of analyst expectations, but had a revenue of $17.83 billion, surpassing estimates of $17.69 billion.

LVW Advisors LLC purchased a new position in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 38,683 shares of the bank's stock, valued at approximately $321,000.

Other large investors have also recently made changes to their positions in the company. Wayfinding Financial LLC purchased a new stake in shares of Banco Santander during the first quarter worth approximately $28,000. TD Private Client Wealth LLC boosted its stake in Banco Santander by 478.8% during the second quarter. TD Private Client Wealth LLC now owns 5,203 shares of the bank's stock worth $43,000 after buying an additional 4,304 shares during the last quarter. Larson Financial Group LLC boosted its stake in Banco Santander by 63.2% during the first quarter. Larson Financial Group LLC now owns 9,532 shares of the bank's stock worth $64,000 after buying an additional 3,693 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Banco Santander by 271.2% during the first quarter. Jones Financial Companies Lllp now owns 10,276 shares of the bank's stock worth $69,000 after buying an additional 7,508 shares during the last quarter. Finally, Park Capital Management LLC WI acquired a new position in Banco Santander during the first quarter worth $71,000. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

Banco Santander Stock Up 1.6%

Shares of Banco Santander stock opened at $10.38 on Monday. Banco Santander, S.A. has a 52 week low of $4.43 and a 52 week high of $10.40. The business's fifty day simple moving average is $9.48 and its 200-day simple moving average is $8.20. The firm has a market cap of $154.51 billion, a PE ratio of 11.53, a price-to-earnings-growth ratio of 0.85 and a beta of 1.08.

Banco Santander (NYSE:SAN - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The bank reported $0.22 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $17.69 billion. Banco Santander has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on SAN. The Goldman Sachs Group raised Banco Santander to a "strong-buy" rating in a research note on Thursday. Citigroup began coverage on Banco Santander in a research note on Wednesday, June 4th. They set a "buy" rating on the stock. Finally, Kepler Capital Markets lowered Banco Santander from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Banco Santander presently has a consensus 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.

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