Callan Family Office LLC Has $563,000 Stake in Banco Santander, S.A. $SAN

Key Points

• Callan Family Office LLC has reduced its stake in Banco Santander by 57% during the first quarter, holding 84,043 shares valued at approximately $563,000 after selling 111,423 shares.
• Banco Santander reported a quarterly EPS of $0.22, missing the consensus estimate of $0.26, while revenue reached $17.83 billion, exceeding estimates.
• Analysts have mixed opinions on Banco Santander, with a consensus rating of "Moderate Buy", after Citigroup initiated coverage with a "buy" rating and Kepler Capital Markets changed its rating from "strong-buy" to "hold".

Callan Family Office LLC trimmed its position in Banco Santander, S.A. (NYSE:SAN - Free Report) by 57.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,043 shares of the bank's stock after selling 111,423 shares during the quarter. Callan Family Office LLC's holdings in Banco Santander were worth $563,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. HBK Sorce Advisory LLC boosted its stake in shares of Banco Santander by 9.8% during the 1st quarter. HBK Sorce Advisory LLC now owns 19,206 shares of the bank's stock worth $129,000 after acquiring an additional 1,711 shares in the last quarter. WealthCollab LLC boosted 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 purchasing an additional 2,028 shares during the period. May Hill Capital LLC boosted 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 purchasing an additional 2,481 shares during the period. Verdence Capital Advisors LLC boosted 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 purchasing an additional 2,755 shares during the period. Finally, Lido Advisors LLC boosted 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 purchasing an additional 3,234 shares during the period. Institutional investors and hedge funds own 9.19% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on SAN shares. Kepler Capital Markets downgraded Banco Santander from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Wall Street Zen upgraded Banco Santander from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Finally, Citigroup began coverage on Banco Santander in a research report on Wednesday, June 4th. They set a "buy" rating on the stock. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy".

Banco Santander Stock Down 0.8%

Banco Santander stock traded down $0.08 during trading hours on Monday, reaching $9.57. 1,379,203 shares of the company's stock were exchanged, compared to its average volume of 5,677,126. The firm's 50 day simple moving average is $8.55 and its 200 day simple moving average is $7.41. The firm has a market capitalization of $142.38 billion, a PE ratio of 10.64, a PEG ratio of 1.08 and a beta of 1.06. Banco Santander, S.A. has a twelve month low of $4.43 and a twelve month high of $9.70.

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 the consensus estimate of $0.26 by ($0.04). The firm had revenue of $17.83 billion during the quarter, compared to analyst estimates of $17.69 billion. Banco Santander had a net margin of 17.30% and a return on equity of 11.98%. Analysts anticipate that Banco Santander, S.A. will post 0.83 EPS for the current 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.