Charles Schwab Investment Management Inc. Increases Holdings in Banco Santander, S.A. $SAN

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Banco Santander by 22.3%, acquiring an additional 253,177 shares in the first quarter, bringing its total shareholding to 1,388,554 valued at approximately $9.3 million.
• Other significant investors such as Chevy Chase Trust Holdings LLC and Northern Trust Corp also raised their positions in Banco Santander by 30.5% and 46.4% respectively during the same period.
• Wall Street analysts have issued mixed ratings for Banco Santander, with one analyst giving it a Strong Buy rating while others rate it as Buy or Hold, leading to an overall average rating of Moderate Buy.

Charles Schwab Investment Management Inc. grew its holdings in Banco Santander, S.A. (NYSE:SAN - Free Report) by 22.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,388,554 shares of the bank's stock after buying an additional 253,177 shares during the quarter. Charles Schwab Investment Management Inc.'s holdings in Banco Santander were worth $9,303,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wayfinding Financial LLC purchased a new stake in Banco Santander in the 1st quarter worth approximately $28,000. WealthCollab LLC lifted its holdings in Banco Santander by 35.1% in 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 during the period. Larson Financial Group LLC lifted its holdings in Banco Santander by 63.2% in the 1st quarter. Larson Financial Group LLC now owns 9,532 shares of the bank's stock worth $64,000 after buying an additional 3,693 shares during the period. Park Capital Management LLC WI purchased a new stake in Banco Santander in the 1st quarter worth approximately $71,000. Finally, Insight Advisors LLC PA purchased a new stake in Banco Santander in the 1st quarter worth approximately $73,000. Hedge funds and other institutional investors own 9.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SAN shares. Kepler Capital Markets cut Banco Santander from a "strong-buy" rating to a "hold" rating in a 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 assumed coverage on Banco Santander in a research note on Wednesday, June 4th. They issued a "buy" rating for the company. One 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 data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".

Banco Santander Stock Performance

Shares of SAN traded down $0.13 on Friday, reaching $9.55. The stock had a trading volume of 5,579,986 shares, compared to its average volume of 4,026,619. The firm has a market capitalization of $142.08 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 1.07 and a beta of 1.08. The company has a 50-day simple moving average of $8.86 and a 200-day simple moving average of $7.69. Banco Santander, S.A. has a 12-month low of $4.43 and a 12-month high of $9.82.

Banco Santander (NYSE:SAN - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.04). The company had revenue of $17.83 billion for the quarter, compared to analysts' expectations of $17.69 billion. Banco Santander had a net margin of 17.30% and a return on equity of 11.98%. Banco Santander has set its FY 2025 guidance at EPS. On average, analysts expect 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.