Banco Santander, S.A. $SAN Stock Holdings Boosted by National Bank of Canada FI

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 position in Banco Santander, S.A. (NYSE:SAN - Free Report) by 47.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 89,549 shares of the bank's stock after buying 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.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SAN. Northern Trust Corp increased its holdings in Banco Santander by 46.4% in the fourth quarter. Northern Trust Corp now owns 10,775,261 shares of the bank's stock valued at $49,135,000 after buying an additional 3,413,685 shares during the last quarter. Chevy Chase Trust Holdings LLC boosted its stake in Banco Santander by 30.5% in the first quarter. Chevy Chase Trust Holdings LLC now owns 11,875,594 shares of the bank's stock valued at $79,566,000 after acquiring an additional 2,774,449 shares during the period. Citigroup Inc. boosted its stake in Banco Santander by 170.6% in the first quarter. Citigroup Inc. now owns 2,349,567 shares of the bank's stock valued at $15,742,000 after acquiring an additional 1,481,207 shares during the period. Jane Street Group LLC boosted its stake in Banco Santander by 4,041.6% in the fourth quarter. Jane Street Group LLC now owns 990,966 shares of the bank's stock valued at $4,519,000 after acquiring an additional 967,039 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Banco Santander in the fourth quarter valued at approximately $3,319,000. 9.19% of the stock is owned by institutional investors.

Banco Santander Price Performance

SAN stock traded up $0.0050 on Wednesday, reaching $9.5250. The company's stock had a trading volume of 1,989,871 shares, compared to its average volume of 5,644,813. Banco Santander, S.A. has a 52 week low of $4.43 and a 52 week high of $9.70. The company has a market capitalization of $141.78 billion, a P/E ratio of 10.58, a price-to-earnings-growth ratio of 1.07 and a beta of 1.06. The firm has a fifty day moving average of $8.61 and a two-hundred day moving average of $7.45.

Banco Santander (NYSE:SAN - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $17.83 billion during the quarter, compared to the consensus estimate 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 analysts expect that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Kepler Capital Markets downgraded Banco Santander from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Wall Street Zen upgraded Banco Santander from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Finally, Citigroup began coverage on Banco Santander in a research note on Wednesday, June 4th. They issued 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 assigned a Hold rating to the stock. According to data from MarketBeat, Banco Santander has an average 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.