Banco Santander, S.A. $SAN Shares Bought by American Trust Investment Advisors LLC

Key Points

• American Trust Investment Advisors LLC increased its stake in Banco Santander by 61.5%, owning 406,045 shares worth approximately $2.72 million at the end of Q1.
• Several other institutional investors have also boosted their positions, with notable increases including 9.8% from HBK Sorce Advisory and 12.8% from May Hill Capital.
• Analysts have mixed ratings for Banco Santander, with a consensus rating of "Moderate Buy", though one report downgraded the rating from "strong-buy" to "hold."

American Trust Investment Advisors LLC lifted its stake in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 61.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 406,045 shares of the bank's stock after purchasing an additional 154,680 shares during the quarter. American Trust Investment Advisors LLC's holdings in Banco Santander were worth $2,721,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SAN. Chevy Chase Trust Holdings LLC lifted its holdings in shares of Banco Santander by 30.5% during the first quarter. Chevy Chase Trust Holdings LLC now owns 11,875,594 shares of the bank's stock worth $79,566,000 after buying an additional 2,774,449 shares during the last quarter. Northern Trust Corp increased its position in Banco Santander by 6.3% in the first quarter. Northern Trust Corp now owns 11,457,741 shares of the bank's stock worth $76,767,000 after purchasing an additional 682,480 shares during the period. Bank of America Corp DE boosted its holdings in Banco Santander by 19.9% during the fourth quarter. Bank of America Corp DE now owns 2,655,351 shares of the bank's stock worth $12,108,000 after buying an additional 440,676 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of Banco Santander by 170.6% during the 1st quarter. Citigroup Inc. now owns 2,349,567 shares of the bank's stock valued at $15,742,000 after purchasing an additional 1,481,207 shares in the last quarter. Finally, QRG Capital Management Inc. raised its stake in shares of Banco Santander by 6.5% during the 1st quarter. QRG Capital Management Inc. now owns 1,935,314 shares of the bank's stock worth $12,967,000 after purchasing an additional 118,508 shares in the last quarter. Institutional investors and hedge funds own 9.19% of the company's stock.

Banco Santander Trading Up 2.4%

Shares of NYSE:SAN traded up $0.23 on Monday, reaching $9.76. The company had a trading volume of 1,714,896 shares, compared to its average volume of 5,493,825. Banco Santander, S.A. has a 52-week low of $4.43 and a 52-week high of $9.82. The firm's 50 day simple moving average is $9.00 and its 200-day simple moving average is $7.81. The firm has a market capitalization of $145.21 billion, a PE ratio of 10.84, a PEG ratio of 1.07 and a beta of 1.08.

Banco Santander (NYSE:SAN - Get Free Report) last posted its 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). Banco Santander had a net margin of 17.30% and a return on equity of 11.98%. The firm 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. As a group, equities research analysts predict that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Citigroup initiated coverage on Banco Santander in a research report on Wednesday, June 4th. They set a "buy" rating for the company. Kepler Capital Markets cut Banco Santander from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Finally, Wall Street Zen raised Banco Santander from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".

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.