Banco Santander, S.A. $SAN Shares Purchased 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 raised its holdings in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 61.5% in the first quarter, according to the company in its most recent filing 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 quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. HBK Sorce Advisory LLC increased its stake in shares of Banco Santander by 9.8% in the first quarter. HBK Sorce Advisory LLC now owns 19,206 shares of the bank's stock worth $129,000 after buying an additional 1,711 shares during the last quarter. May Hill Capital LLC increased its stake in shares of Banco Santander by 12.8% in the first quarter. May Hill Capital LLC now owns 21,917 shares of the bank's stock worth $147,000 after buying an additional 2,481 shares during the last quarter. Verdence Capital Advisors LLC increased its stake in shares of Banco Santander by 6.5% in the first quarter. Verdence Capital Advisors LLC now owns 45,236 shares of the bank's stock worth $303,000 after buying an additional 2,755 shares during the last quarter. Lido Advisors LLC raised its stake in Banco Santander by 9.7% during the fourth quarter. Lido Advisors LLC now owns 36,699 shares of the bank's stock valued at $167,000 after buying an additional 3,234 shares in the last quarter. Finally, Ellevest Inc. raised its stake in Banco Santander by 8.4% during the fourth quarter. Ellevest Inc. now owns 42,042 shares of the bank's stock valued at $192,000 after buying an additional 3,263 shares in the last quarter. Institutional investors own 9.19% of the company's stock.

Analysts Set New Price Targets

SAN has been the topic of a number of research analyst reports. Citigroup initiated coverage on Banco Santander in a report on Wednesday, June 4th. They set a "buy" rating on the stock. Wall Street Zen raised Banco Santander from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Finally, Kepler Capital Markets downgraded Banco Santander from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy".

Banco Santander Trading Down 0.8%

Shares of Banco Santander stock opened at $9.46 on Wednesday. The business's 50 day simple moving average is $8.91 and its 200-day simple moving average is $7.73. The stock has a market capitalization of $140.74 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 1.07 and a beta of 1.08. Banco Santander, S.A. has a twelve month low of $4.43 and a twelve month high of $9.82.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.