American Century Companies Inc. Sells 107,230 Shares of Banco Santander, S.A. $SAN

Key Points

• American Century Companies Inc. reduced its holdings in Banco Santander, S.A. by 3.1%, ending the quarter with 3,299,880 shares valued at approximately $22.1 million.
• Chevy Chase Trust Holdings LLC increased its stake in Banco Santander significantly by 30.5%, owning now nearly 11.9 million shares valued at about $79.6 million.
• Banco Santander received mixed ratings from analysts, with Kepler Capital Markets downgrading it to a "hold," while Citi maintained a "buy," contributing to a consensus rating of "Moderate Buy."

American Century Companies Inc. lowered its stake in Banco Santander, S.A. (NYSE:SAN - Free Report) by 3.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,299,880 shares of the bank's stock after selling 107,230 shares during the quarter. American Century Companies Inc.'s holdings in Banco Santander were worth $22,109,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Chevy Chase Trust Holdings LLC increased its position in Banco Santander by 30.5% during the first quarter. Chevy Chase Trust Holdings LLC now owns 11,875,594 shares of the bank's stock worth $79,566,000 after buying an additional 2,774,449 shares during the last quarter. Northern Trust Corp increased 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 worth $49,135,000 after buying an additional 3,413,685 shares during the last quarter. Bank of America Corp DE increased its position in Banco Santander by 19.9% during the fourth quarter. Bank of America Corp DE now owns 2,655,351 shares of the bank's stock worth $12,108,000 after buying an additional 440,676 shares during the last quarter. Citigroup Inc. increased 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 buying an additional 1,481,207 shares during the last quarter. Finally, QRG Capital Management Inc. increased its position in Banco Santander by 6.5% during the first quarter. QRG Capital Management Inc. now owns 1,935,314 shares of the bank's stock worth $12,967,000 after buying an additional 118,508 shares during the last quarter. Institutional investors and hedge funds own 9.19% of the company's stock.

Banco Santander Price Performance

NYSE:SAN traded up $0.29 during trading hours on Thursday, reaching $9.66. 4,093,698 shares of the company were exchanged, compared to its average volume of 5,570,567. The company has a market capitalization of $143.72 billion, a P/E ratio of 10.73, a P/E/G ratio of 1.07 and a beta of 1.06. Banco Santander, S.A. has a 1-year low of $4.43 and a 1-year high of $9.82. The business has a 50 day moving average of $8.80 and a 200 day moving average of $7.61.

Banco Santander (NYSE:SAN - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.04). The company had revenue of $17.83 billion for 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. As a group, equities research analysts anticipate that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Kepler Capital Markets downgraded 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 report on Wednesday, June 4th. They set a "buy" rating for the company. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Banco Santander currently has an average rating of "Moderate Buy".

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.