Brooklyn Investment Group Buys 28,027 Shares of Banco Santander, S.A. $SAN

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 grew its holdings in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 993.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,849 shares of the bank's stock after purchasing an additional 28,027 shares during the quarter. Brooklyn Investment Group's holdings in Banco Santander were worth $207,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Summit Securities Group LLC bought a new position in shares of Banco Santander during the 1st quarter valued at $2,613,000. Corient IA LLC acquired a new stake in Banco Santander in the 1st quarter worth $134,000. Vestmark Advisory Solutions Inc. grew its position in Banco Santander by 77.2% in the 1st 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. Russell Investments Group Ltd. grew its position in Banco Santander by 17.8% in the 1st quarter. Russell Investments Group Ltd. now owns 362,080 shares of the bank's stock worth $2,426,000 after purchasing an additional 54,664 shares during the last quarter. Finally, Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new stake in Banco Santander in the 1st quarter worth $10,181,000. Institutional investors own 9.19% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Banco Santander from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Kepler Capital Markets lowered shares of Banco Santander from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Finally, Citigroup assumed coverage on shares of Banco Santander in a research report on Wednesday, June 4th. They set a "buy" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Banco Santander presently has a consensus rating of "Moderate Buy".

Banco Santander Trading Down 0.5%

SAN stock traded down $0.05 during trading on Tuesday, hitting $9.56. 1,912,485 shares of the stock traded hands, compared to its average volume of 4,126,075. Banco Santander, S.A. has a one year low of $4.43 and a one year high of $9.82. The stock has a market cap of $142.23 billion, a price-to-earnings ratio of 10.62, a P/E/G ratio of 1.07 and a beta of 1.06. The company has a 50 day simple moving average of $8.77 and a 200 day simple moving average of $7.60.

Banco Santander (NYSE:SAN - Get Free Report) last announced its quarterly 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). Banco Santander had a net margin of 17.30% and a return on equity of 11.98%. 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. As a group, analysts predict that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

About Banco Santander

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.