Compound Planning Inc. Boosts Stock Position in Banco Santander, S.A. $SAN

Key Points

• Compound Planning Inc. has increased its position in Banco Santander, S.A. by 29.4%, owning 164,982 shares valued at approximately $1,105,000.
• Banco Santander has received mixed ratings from analysts, with one upgrade to a "buy" rating but other downgrades, resulting in an average rating of "Moderate Buy."
• The company reported $0.22 earnings per share for the last quarter, missing the consensus estimate of $0.26 by $0.04.

Compound Planning Inc. grew its holdings in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 29.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 164,982 shares of the bank's stock after buying an additional 37,498 shares during the period. Compound Planning Inc.'s holdings in Banco Santander were worth $1,105,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in SAN. Wayfinding Financial LLC purchased a new position in shares of Banco Santander during the first quarter valued at approximately $28,000. WealthCollab LLC grew its stake in Banco Santander by 35.1% in the fourth quarter. WealthCollab LLC now owns 7,801 shares of the bank's stock worth $36,000 after purchasing an additional 2,028 shares during the period. EP Wealth Advisors LLC purchased a new stake in Banco Santander in the fourth quarter worth $55,000. Two Sigma Securities LLC purchased a new stake in Banco Santander in the fourth quarter worth $61,000. Finally, Larson Financial Group LLC grew its stake in Banco Santander by 63.2% in the first quarter. Larson Financial Group LLC now owns 9,532 shares of the bank's stock worth $64,000 after purchasing an additional 3,693 shares during the period. 9.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Wall Street Zen raised Banco Santander from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Citigroup initiated coverage on Banco Santander in a report on Wednesday, June 4th. They issued a "buy" rating on the stock. Finally, Kepler Capital Markets downgraded Banco Santander from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy".

Banco Santander Trading Down 1.2%

SAN traded down $0.12 on Friday, hitting $9.56. 2,847,677 shares of the company's stock traded hands, compared to its average volume of 5,566,358. The company's 50 day simple moving average is $8.83 and its 200-day simple moving average is $7.64. The firm has a market cap of $142.23 billion, a price-to-earnings ratio of 10.62, a P/E/G ratio of 1.05 and a beta of 1.06. Banco Santander, S.A. has a one year low of $4.43 and a one year high of $9.82.

Banco Santander (NYSE:SAN - Get Free Report) last issued its 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). The business had revenue of $17.83 billion for the quarter, compared to the consensus estimate 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. As a group, equities 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.