Arlington Capital Management Inc. Invests $2.68 Million in Banco Santander, S.A. $SAN

Key Points

• Arlington Capital Management Inc. has invested approximately $2.68 million to acquire 322,441 shares of Banco Santander, which now represents about 2.3% of its total holdings.
• Banco Santander has received a consensus rating of "Moderate Buy" from analysts, with Citigroup initiating coverage with a "buy" rating.
• The bank reported earnings per share (EPS) of $0.22 for the last quarter, falling short of analyst estimates, while its revenue reached $17.83 billion.

Arlington Capital Management Inc. purchased a new position in Banco Santander, S.A. (NYSE:SAN - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 322,441 shares of the bank's stock, valued at approximately $2,676,000. Banco Santander makes up about 2.3% of Arlington Capital Management Inc.'s holdings, making the stock its 15th largest position.

Other institutional investors have also bought and sold shares of the company. Wayfinding Financial LLC purchased a new position in Banco Santander in the 1st quarter worth approximately $28,000. TD Private Client Wealth LLC lifted its position 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 in the last quarter. Larson Financial Group LLC raised 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 acquiring an additional 3,693 shares during the period. Fulcrum Equity Management purchased a new position in shares of Banco Santander during the 4th quarter worth $65,000. Finally, Jones Financial Companies Lllp raised 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 acquiring an additional 7,508 shares during the period. 9.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Citigroup assumed coverage on shares of Banco Santander in a research note on Wednesday, June 4th. They set a "buy" rating on the stock. Kepler Capital Markets lowered shares of Banco Santander from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Banco Santander presently has a consensus rating of "Moderate Buy".

Banco Santander Stock Up 0.3%

Shares of NYSE SAN opened at $10.28 on Thursday. The firm has a market cap of $153.02 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 0.84 and a beta of 1.08. Banco Santander, S.A. has a 52-week low of $4.43 and a 52-week high of $10.35. The business's 50 day moving average is $9.41 and its two-hundred day moving average is $8.12.

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). Banco Santander had a return on equity of 11.98% and a net margin of 17.30%.The business 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. Analysts anticipate that Banco Santander, S.A. will post 0.83 EPS for the current fiscal 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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