Banco Santander, S.A. $SAN Holdings Lifted by Venture Visionary Partners LLC

Key Points

• Venture Visionary Partners LLC increased its holdings in Banco Santander, S.A. by 66.7% during the first quarter, owning a total of 132,547 shares valued at $888,000.
• Other institutional investors, including GAMMA Investing LLC and PNC Financial Services Group Inc., have also significantly increased their stakes in Banco Santander.
• Banco Santander's stock received a new buy rating from Wall Street Zen, with analysts giving it an average rating of "Moderate Buy."

Venture Visionary Partners LLC increased its holdings in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 66.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 132,547 shares of the bank's stock after buying an additional 53,024 shares during the quarter. Venture Visionary Partners LLC's holdings in Banco Santander were worth $888,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of Banco Santander by 791.8% during the first quarter. GAMMA Investing LLC now owns 294,036 shares of the bank's stock valued at $1,970,000 after buying an additional 261,066 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Banco Santander by 12.9% in the first quarter. PNC Financial Services Group Inc. now owns 299,177 shares of the bank's stock valued at $2,004,000 after purchasing an additional 34,248 shares in the last quarter. Barclays PLC grew its stake in Banco Santander by 284.9% in the fourth quarter. Barclays PLC now owns 670,513 shares of the bank's stock valued at $3,057,000 after purchasing an additional 496,309 shares in the last quarter. Chevy Chase Trust Holdings LLC grew 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 purchasing an additional 2,774,449 shares in the last quarter. Finally, Atlas Capital Advisors Inc. purchased a new position in Banco Santander in the first quarter valued at about $375,000. Hedge funds and other institutional investors own 9.19% of the company's stock.

Analyst Ratings Changes

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

Banco Santander Stock Performance

SAN opened at $9.5350 on Thursday. The company has a market cap of $141.93 billion, a PE ratio of 10.59, a price-to-earnings-growth ratio of 1.06 and a beta of 1.06. The stock has a 50-day moving average of $8.65 and a 200-day moving average of $7.47. Banco Santander, S.A. has a 52-week low of $4.43 and a 52-week high of $9.70.

Banco Santander (NYSE:SAN - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.04). The company had revenue of $17.83 billion for 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. On average, research analysts predict that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

About Banco Santander

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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