Banco Santander, S.A. $SAN Shares Sold by Rhumbline Advisers

Key Points

• Rhumbline Advisers has reduced its holdings in Banco Santander, S.A. by 7.6% during the first quarter, now owning 356,476 shares valued at approximately $2.39 million.
• Banco Santander experienced a 1.4% decline in its stock price, trading at $10.00 with a market capitalization of $148.85 billion.
• Kepler Capital Markets downgraded Banco Santander from a "strong-buy" to a "hold" rating, while other analysts maintain a mixed rating with two analysts recommending a "buy".

Rhumbline Advisers lowered its stake in Banco Santander, S.A. (NYSE:SAN - Free Report) by 7.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 356,476 shares of the bank's stock after selling 29,468 shares during the quarter. Rhumbline Advisers' holdings in Banco Santander were worth $2,388,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SAN. Bank of America Corp DE increased its stake in Banco Santander by 19.9% during the 4th quarter. Bank of America Corp DE now owns 2,655,351 shares of the bank's stock valued at $12,108,000 after purchasing an additional 440,676 shares in the last quarter. Cetera Investment Advisers increased its stake in Banco Santander by 43.5% during the 4th quarter. Cetera Investment Advisers now owns 112,706 shares of the bank's stock valued at $514,000 after purchasing an additional 34,138 shares in the last quarter. Focus Partners Wealth increased its stake in Banco Santander by 28.1% during the 4th quarter. Focus Partners Wealth now owns 43,062 shares of the bank's stock valued at $196,000 after purchasing an additional 9,443 shares in the last quarter. Wolverine Trading LLC increased its stake in Banco Santander by 512.9% during the 4th quarter. Wolverine Trading LLC now owns 69,108 shares of the bank's stock valued at $314,000 after purchasing an additional 57,833 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC boosted its holdings in Banco Santander by 73.2% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 27,418 shares of the bank's stock worth $125,000 after acquiring an additional 11,585 shares during the last quarter. Institutional investors own 9.19% of the company's stock.

Banco Santander Stock Up 1.4%

Shares of SAN stock traded up $0.14 during trading on Friday, hitting $10.24. The company had a trading volume of 4,376,110 shares, compared to its average volume of 4,201,864. The stock's 50-day moving average is $9.30 and its two-hundred day moving average is $8.05. The stock has a market capitalization of $152.43 billion, a price-to-earnings ratio of 11.38, a price-to-earnings-growth ratio of 0.83 and a beta of 1.08. Banco Santander, S.A. has a 52 week low of $4.43 and a 52 week high of $10.29.

Banco Santander (NYSE:SAN - Get Free Report) last issued 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). The firm had revenue of $17.83 billion during the quarter, compared to analysts' expectations 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. On average, research analysts predict that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on SAN. Citigroup began coverage on shares of Banco Santander in a report on Wednesday, June 4th. They set a "buy" rating on the stock. Kepler Capital Markets downgraded shares of Banco Santander from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy".

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.