Venture Visionary Partners LLC Raises Holdings in Banco Santander, S.A. $SAN

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

A number of other institutional investors have also recently made changes to their positions in the company. Wayfinding Financial LLC bought a new position in shares of Banco Santander in the 1st quarter valued at about $28,000. WealthCollab LLC lifted its holdings in shares of Banco Santander by 35.1% in the 4th quarter. WealthCollab LLC now owns 7,801 shares of the bank's stock valued at $36,000 after acquiring an additional 2,028 shares during the last quarter. EP Wealth Advisors LLC bought a new position in shares of Banco Santander in the 4th quarter valued at about $55,000. Two Sigma Securities LLC bought a new position in shares of Banco Santander in the 4th quarter valued at about $61,000. Finally, Alliancebernstein L.P. bought a new position in shares of Banco Santander in the 4th quarter valued at about $63,000. Hedge funds and other institutional investors own 9.19% of the company's stock.

Wall Street Analysts Forecast Growth

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

Banco Santander Trading Down 0.8%

Shares of Banco Santander stock traded down $0.08 on Tuesday, hitting $9.53. 706,769 shares of the company traded hands, compared to its average volume of 5,582,470. The stock's 50 day moving average price is $8.74 and its 200-day moving average price is $7.59. Banco Santander, S.A. has a 52 week low of $4.43 and a 52 week high of $9.82. The company has a market cap of $141.78 billion, a PE ratio of 10.58, a PEG ratio of 1.10 and a beta of 1.06.

Banco Santander (NYSE:SAN - Get Free Report) last posted its quarterly 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 net margin of 17.30% and a return on equity of 11.98%. The company had revenue of $17.83 billion for the quarter, compared to the consensus estimate of $17.69 billion. Banco Santander has set its FY 2025 guidance at EPS. As a group, research 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.