Callan Family Office LLC Cuts Stock Position in Banco Santander, S.A. (NYSE: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 reduced its position in Banco Santander, S.A. (NYSE:SAN - Free Report) by 57.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 84,043 shares of the bank's stock after selling 111,423 shares during the period. Callan Family Office LLC's holdings in Banco Santander were worth $563,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in SAN. Wayfinding Financial LLC bought a new position in Banco Santander during the first quarter worth $28,000. WealthCollab LLC lifted its position in Banco Santander by 35.1% during the 4th quarter. WealthCollab LLC now owns 7,801 shares of the bank's stock worth $36,000 after buying an additional 2,028 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in Banco Santander during the 4th quarter worth about $55,000. Two Sigma Securities LLC acquired a new position in Banco Santander during the 4th quarter worth about $61,000. Finally, Alliancebernstein L.P. acquired a new position in Banco Santander during the 4th quarter worth about $63,000. 9.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have 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 report on Friday, August 1st. Citigroup started coverage on Banco Santander in a report on Wednesday, June 4th. They issued a "buy" rating for the company. Finally, Wall Street Zen upgraded Banco Santander from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Two investment 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 company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy".

Banco Santander Stock Up 0.1%

Shares of SAN stock traded up $0.01 during mid-day trading on Friday, reaching $9.63. 2,653,198 shares of the stock traded hands, compared to its average volume of 4,836,558. The stock's fifty day simple moving average is $8.55 and its two-hundred day simple moving average is $7.39. Banco Santander, S.A. has a 1-year low of $4.43 and a 1-year high of $9.70. The company has a market cap of $143.35 billion, a price-to-earnings ratio of 10.70, a price-to-earnings-growth ratio of 1.08 and a beta of 1.06.

Banco Santander (NYSE:SAN - Get Free Report) last announced its quarterly 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 firm had revenue of $17.83 billion for the quarter, compared to analyst estimates of $17.69 billion. On average, equities research analysts anticipate that Banco Santander, S.A. will post 0.83 EPS 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.