Banco Santander, S.A. $SAN Shares Acquired by Brooklyn Investment Group

Key Points

• Brooklyn Investment Group significantly increased its stake in Banco Santander by 993.2%, acquiring an additional 28,027 shares for a total of 30,849 shares valued at $207,000 according to its recent SEC filing.
• Several institutional investors have raised their stakes in Banco Santander, with Citigroup's stake increasing by 170.6% during the first quarter, reflecting growing institutional interest in the bank's stock.
• Banco Santander reported quarterly earnings of $0.22 per share, which fell short of the analysts' expectations, despite achieving revenues of $17.83 billion that exceeded estimates.

Brooklyn Investment Group lifted its position in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 993.2% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 30,849 shares of the bank's stock after buying an additional 28,027 shares during the period. Brooklyn Investment Group's holdings in Banco Santander were worth $207,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wayfinding Financial LLC purchased a new position in shares of Banco Santander during the first quarter valued at approximately $28,000. WealthCollab LLC lifted its stake in shares of Banco Santander by 35.1% during the fourth quarter. WealthCollab LLC now owns 7,801 shares of the bank's stock valued at $36,000 after buying an additional 2,028 shares during the period. EP Wealth Advisors LLC purchased a new position in shares of Banco Santander during the fourth quarter valued at approximately $55,000. Two Sigma Securities LLC purchased a new position in shares of Banco Santander during the fourth quarter valued at approximately $61,000. Finally, Alliancebernstein L.P. purchased a new position in shares of Banco Santander during the fourth quarter valued at approximately $63,000. Hedge funds and other institutional investors own 9.19% of the company's stock.

Banco Santander Stock Up 2.0%

Shares of SAN stock traded up $0.1950 during mid-day trading on Friday, reaching $9.7650. The company's stock had a trading volume of 6,082,014 shares, compared to its average volume of 4,377,907. The company's 50 day simple moving average is $8.71 and its 200-day simple moving average is $7.53. Banco Santander, S.A. has a 12-month low of $4.43 and a 12-month high of $9.82. The firm has a market capitalization of $145.36 billion, a PE ratio of 10.85, a price-to-earnings-growth ratio of 1.10 and a beta of 1.06.

Banco Santander (NYSE:SAN - Get Free Report) last issued 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 net margin of 17.30% and a return on equity of 11.98%. The business had revenue of $17.83 billion during the quarter, compared to analysts' expectations of $17.69 billion. Banco Santander has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SAN shares. Kepler Capital Markets downgraded shares of Banco Santander from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Wall Street Zen raised shares of Banco Santander from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Finally, Citigroup started coverage on shares of Banco Santander in a research note on Wednesday, June 4th. They set a "buy" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy".

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.