Qtron Investments LLC Cuts Stake in Banco Santander, S.A. $SAN

Key Points

• Qtron Investments LLC significantly reduced its stake in Banco Santander by 69.6%, owning 23,164 shares after selling 53,032 shares in the first quarter.
• Various institutional investors, including HBK Sorce Advisory LLC and WealthCollab LLC, increased their holdings in Banco Santander, indicating mixed investor sentiment.
• Banco Santander reported $0.22 EPS for the last quarter, missing analysts' estimates, and was assigned a consensus rating of "Moderate Buy" by Wall Street analysts.

Qtron Investments LLC trimmed its position in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 69.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 23,164 shares of the bank's stock after selling 53,032 shares during the quarter. Qtron Investments LLC's holdings in Banco Santander were worth $155,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. HBK Sorce Advisory LLC lifted its stake in Banco Santander by 9.8% during the 1st quarter. HBK Sorce Advisory LLC now owns 19,206 shares of the bank's stock valued at $129,000 after acquiring an additional 1,711 shares during the period. WealthCollab LLC lifted its stake in Banco Santander by 35.1% during 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 period. May Hill Capital LLC lifted its stake in Banco Santander by 12.8% during the 1st quarter. May Hill Capital LLC now owns 21,917 shares of the bank's stock valued at $147,000 after acquiring an additional 2,481 shares during the period. Verdence Capital Advisors LLC lifted its stake in Banco Santander by 6.5% during the 1st quarter. Verdence Capital Advisors LLC now owns 45,236 shares of the bank's stock valued at $303,000 after acquiring an additional 2,755 shares during the period. Finally, Lido Advisors LLC lifted its stake in Banco Santander by 9.7% during the 4th quarter. Lido Advisors LLC now owns 36,699 shares of the bank's stock valued at $167,000 after acquiring an additional 3,234 shares during the period. 9.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SAN has been the topic of several research analyst reports. 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. Citigroup assumed coverage on shares of Banco Santander in a research note on Wednesday, June 4th. They set a "buy" rating on the stock. Finally, Wall Street Zen upgraded shares of Banco Santander from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. One investment 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. Based on data from MarketBeat, Banco Santander has a consensus rating of "Moderate Buy".

Banco Santander Trading Up 2.0%

NYSE SAN traded up $0.1950 on Friday, reaching $9.7650. 6,082,014 shares of the stock were exchanged, compared to its average volume of 4,377,907. Banco Santander, S.A. has a one year low of $4.43 and a one year high of $9.82. The firm has a market capitalization of $145.36 billion, a PE ratio of 10.85, a PEG ratio of 1.07 and a beta of 1.06. The company's 50-day simple moving average is $8.71 and its two-hundred day simple moving average is $7.53.

Banco Santander (NYSE:SAN - Get Free Report) last released its earnings results on Wednesday, July 30th. The bank reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.04). Banco Santander had a return on equity of 11.98% and a net margin of 17.30%.The firm 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. Sell-side analysts forecast that Banco Santander, S.A. will post 0.83 earnings per share 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.