Flow Traders U.S. LLC Raises Stock Position in Banco Santander, S.A. $SAN

Key Points

• Flow Traders U.S. LLC increased its stake in Banco Santander, S.A. by 390.2% during the first quarter, owning a total of 176,881 shares valued at approximately $1.185 million.
• Hedge funds and institutional investors collectively own 9.19% of Banco Santander's stock, indicating growing interest among major investors.
• Banco Santander's stock has been given a consensus rating of "Moderate Buy", with various analysts providing mixed ratings including upgrades and downgrades recently.

Flow Traders U.S. LLC boosted its position in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 390.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 176,881 shares of the bank's stock after acquiring an additional 140,800 shares during the period. Flow Traders U.S. LLC's holdings in Banco Santander were worth $1,185,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Chevy Chase Trust Holdings LLC grew its stake in Banco Santander by 30.5% during the first quarter. Chevy Chase Trust Holdings LLC now owns 11,875,594 shares of the bank's stock valued at $79,566,000 after acquiring an additional 2,774,449 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Banco Santander by 6.3% in the 1st quarter. Northern Trust Corp now owns 11,457,741 shares of the bank's stock worth $76,767,000 after acquiring an additional 682,480 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Banco Santander by 19.9% in the 4th quarter. Bank of America Corp DE now owns 2,655,351 shares of the bank's stock worth $12,108,000 after acquiring an additional 440,676 shares during the last quarter. Citigroup Inc. raised its holdings in Banco Santander by 170.6% during the 1st quarter. Citigroup Inc. now owns 2,349,567 shares of the bank's stock valued at $15,742,000 after buying an additional 1,481,207 shares during the last quarter. Finally, QRG Capital Management Inc. raised its holdings in Banco Santander by 6.5% during the 1st quarter. QRG Capital Management Inc. now owns 1,935,314 shares of the bank's stock valued at $12,967,000 after buying an additional 118,508 shares during the last quarter. Hedge funds and other institutional investors own 9.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SAN shares. Wall Street Zen upgraded shares of Banco Santander from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Kepler Capital Markets lowered shares of Banco Santander from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Finally, Citigroup initiated coverage on shares of Banco Santander in a report 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 assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Banco Santander Price Performance

NYSE:SAN opened at $9.7650 on Friday. The firm's 50-day moving average price is $8.71 and its 200-day moving average price is $7.55. The company has a market capitalization of $145.36 billion, a PE ratio of 10.85, a P/E/G ratio of 1.10 and a beta of 1.06. Banco Santander, S.A. has a 1-year low of $4.43 and a 1-year high of $9.82.

Banco Santander (NYSE:SAN - Get Free Report) last released its earnings results on Wednesday, July 30th. The bank reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.04). The business had revenue of $17.83 billion during the quarter, compared to analysts' expectations of $17.69 billion. Banco Santander had a return on equity of 11.98% and a net margin of 17.30%. Banco Santander has set its FY 2025 guidance at EPS. Equities analysts anticipate that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Banco Santander Company 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.

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