National Bank of Canada FI Has $600,000 Holdings in Banco Santander, S.A. $SAN

Key Points

• National Bank of Canada FI increased its position in Banco Santander by 47.2% during the 1st quarter, now owning 89,549 shares valued at approximately $600,000.
• Analysts have mixed ratings on Banco Santander, with updates including a lift from "hold" to "buy" by Wall Street Zen and a downgrade from "strong-buy" to "hold" by Kepler Capital Markets.
• The bank reported $0.22 EPS for the latest quarter, missing the consensus estimate of $0.26, but showed revenue of $17.83 billion, exceeding analyst expectations.

National Bank of Canada FI boosted its holdings in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 47.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 89,549 shares of the bank's stock after acquiring an additional 28,721 shares during the quarter. National Bank of Canada FI's holdings in Banco Santander were worth $600,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SAN. Alliancebernstein L.P. acquired a new stake in Banco Santander during the 4th quarter worth about $63,000. Franklin Resources Inc. boosted its position in Banco Santander by 21.3% during the 4th quarter. Franklin Resources Inc. now owns 55,005 shares of the bank's stock worth $251,000 after acquiring an additional 9,649 shares during the period. Russell Investments Group Ltd. boosted its position in Banco Santander by 3.3% during the 4th quarter. Russell Investments Group Ltd. now owns 307,416 shares of the bank's stock worth $1,402,000 after acquiring an additional 9,724 shares during the period. Bank of Montreal Can boosted its position in Banco Santander by 8.8% during the 4th quarter. Bank of Montreal Can now owns 98,073 shares of the bank's stock worth $447,000 after acquiring an additional 7,933 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Banco Santander during the 4th quarter worth about $3,319,000. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander Price Performance

SAN traded up $0.0350 on Thursday, hitting $9.5650. The company had a trading volume of 1,664,738 shares, compared to its average volume of 4,486,642. The company's fifty day moving average price is $8.68 and its 200 day moving average price is $7.50. Banco Santander, S.A. has a 1-year low of $4.43 and a 1-year high of $9.70. The stock has a market cap of $142.38 billion, a price-to-earnings ratio of 10.63, a price-to-earnings-growth ratio of 1.07 and a beta of 1.06.

Banco Santander (NYSE:SAN - Get Free Report) last posted its earnings results on Wednesday, July 30th. The bank reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.04). Banco Santander had a return on equity of 11.98% and a net margin of 17.30%.The company 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. On average, sell-side analysts forecast that Banco Santander, S.A. will post 0.83 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SAN shares. Wall Street Zen upgraded Banco Santander from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Kepler Capital Markets lowered Banco Santander from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Finally, Citigroup started coverage on Banco Santander in a report on Wednesday, June 4th. They set a "buy" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Banco Santander currently has a consensus rating of "Moderate Buy".

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.