Russell Investments Group Ltd. Raises Position in Banco Santander, S.A. $SAN

Key Points

• Russell Investments Group Ltd. increased its holdings in Banco Santander by 17.8% in Q1, bringing their total to 362,080 shares valued at approximately $2.43 million.
• Banco Santander reported an EPS of $0.22 for the quarter, missing expectations of $0.26, alongside revenues of $17.83 billion, which exceeded forecasts.
• Analysts currently rate Banco Santander with a consensus of "Moderate Buy", with previous ratings varying from "Strong Buy" to "Hold."

Russell Investments Group Ltd. increased its holdings in Banco Santander, S.A. (NYSE:SAN - Free Report) by 17.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 362,080 shares of the bank's stock after buying an additional 54,664 shares during the period. Russell Investments Group Ltd.'s holdings in Banco Santander were worth $2,426,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new position in Banco Santander in the 1st quarter worth approximately $10,181,000. Virtu Financial LLC bought a new position in Banco Santander in the 1st quarter worth approximately $1,144,000. Atlas Capital Advisors Inc. bought a new position in Banco Santander in the 1st quarter worth approximately $375,000. Townsquare Capital LLC boosted its holdings in Banco Santander by 13.6% in the 1st quarter. Townsquare Capital LLC now owns 42,670 shares of the bank's stock worth $286,000 after buying an additional 5,094 shares during the period. Finally, National Bank of Canada FI lifted its stake in Banco Santander by 47.2% in the 1st quarter. National Bank of Canada FI now owns 89,549 shares of the bank's stock worth $600,000 after purchasing an additional 28,721 shares in the last quarter. 9.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Citigroup assumed coverage on shares of Banco Santander in a research note on Wednesday, June 4th. They issued a "buy" rating on the stock. Wall Street Zen upgraded shares of Banco Santander from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Finally, Kepler Capital Markets cut shares of Banco Santander from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, Banco Santander has a consensus rating of "Moderate Buy".

Banco Santander Trading Down 1.3%

Shares of Banco Santander stock traded down $0.13 on Friday, hitting $9.55. 5,579,986 shares of the company traded hands, compared to its average volume of 4,031,217. The firm's 50-day simple moving average is $8.86 and its 200 day simple moving average is $7.68. The company has a market cap of $142.08 billion, a P/E ratio of 10.61, a P/E/G ratio of 1.07 and a beta of 1.06. Banco Santander, S.A. has a 12-month low of $4.43 and a 12-month high of $9.82.

Banco Santander (NYSE:SAN - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $17.83 billion for the quarter, compared to analysts' expectations of $17.69 billion. Banco Santander had a net margin of 17.30% and a return on equity of 11.98%. Banco Santander has set its FY 2025 guidance at EPS. Analysts predict that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Banco Santander Company 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.