Qtron Investments LLC Lowers 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 holdings in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 69.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Northern Trust Corp increased its holdings in Banco Santander by 6.3% during the first quarter. Northern Trust Corp now owns 11,457,741 shares of the bank's stock valued at $76,767,000 after buying an additional 682,480 shares during the period. Brooklyn Investment Group grew its holdings in Banco Santander by 993.2% in the first quarter. Brooklyn Investment Group now owns 30,849 shares of the bank's stock worth $207,000 after purchasing an additional 28,027 shares during the last quarter. Summit Securities Group LLC purchased a new position in Banco Santander in the first quarter worth $2,613,000. Corient IA LLC purchased a new position in Banco Santander in the first quarter worth $134,000. Finally, Vestmark Advisory Solutions Inc. grew its holdings in Banco Santander by 77.2% in the first quarter. Vestmark Advisory Solutions Inc. now owns 498,500 shares of the bank's stock worth $3,340,000 after purchasing an additional 217,135 shares during the last quarter. 9.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SAN has been the subject of a number of research analyst reports. Wall Street Zen upgraded Banco Santander from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Citigroup initiated coverage on Banco Santander in a research note on Wednesday, June 4th. They issued a "buy" rating for the company. Finally, Kepler Capital Markets cut Banco Santander from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy".

Banco Santander Price Performance

NYSE:SAN traded down $0.0950 during mid-day trading on Monday, hitting $9.6950. The company's stock had a trading volume of 1,205,064 shares, compared to its average volume of 5,602,081. The stock has a market cap of $144.31 billion, a price-to-earnings ratio of 10.77, a PEG ratio of 1.10 and a beta of 1.06. Banco Santander, S.A. has a 1 year low of $4.43 and a 1 year high of $9.82. The business's fifty day moving average is $8.71 and its two-hundred day moving average is $7.56.

Banco Santander (NYSE:SAN - Get Free Report) last posted its 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 company had revenue of $17.83 billion for the quarter, compared to analyst estimates 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. Analysts anticipate that Banco Santander, S.A. will post 0.83 EPS for the current fiscal 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.