Archford Capital Strategies LLC Buys Shares of 78,547 Banco Santander, S.A. $SAN

Key Points

• Archford Capital Strategies LLC acquired 78,547 shares of Banco Santander, S.A., valued at approximately $652,000, during the second quarter of the year.
• Analysts' ratings for Banco Santander include one Strong Buy, two Buy, and one Hold, with a consensus rating of Buy.
• Banco Santander reported a missed earnings estimate of $0.22 EPS for the last quarter, against expectations of $0.26, despite achieving revenues of $17.83 billion.

Archford Capital Strategies LLC bought a new stake in Banco Santander, S.A. (NYSE:SAN - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 78,547 shares of the bank's stock, valued at approximately $652,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Genesis Private Wealth LLC bought a new stake in Banco Santander in the second quarter valued at $92,000. Global Trust Asset Management LLC bought a new stake in Banco Santander in the second quarter valued at $231,000. CogentBlue Wealth Advisors LLC increased its holdings in shares of Banco Santander by 13.3% during the second quarter. CogentBlue Wealth Advisors LLC now owns 19,736 shares of the bank's stock valued at $164,000 after purchasing an additional 2,315 shares during the period. Western Financial Corp CA acquired a new position in shares of Banco Santander during the second quarter valued at $84,000. Finally, LVW Advisors LLC acquired a new position in shares of Banco Santander during the second quarter valued at $321,000. 9.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Banco Santander Stock Down 0.9%

NYSE:SAN opened at $10.29 on Tuesday. The business's 50-day moving average price is $9.52 and its 200 day moving average price is $8.22. The firm 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. Banco Santander, S.A. has a 52-week low of $4.43 and a 52-week high of $10.40.

Banco Santander (NYSE:SAN - Get Free Report) last released its 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 firm 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. Sell-side analysts expect that Banco Santander, S.A. will post 0.83 EPS 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.

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