Golden State Equity Partners Sells 44,105 Shares of Banco Santander, S.A. $SAN

Key Points

• Golden State Equity Partners has reduced its stake in Banco Santander by 56.9%, selling 44,105 shares and now holding 33,397 shares worth approximately $277,000.
• Institutional investors collectively own 9.19% of Banco Santander's stock, with notable increases in holdings from firms like Foster Group and Sowell Financial Services in the 2nd quarter.
• Banco Santander's stock received mixed analyst ratings, being downgraded from a "strong-buy" to a "hold" by one firm, while maintaining an overall average rating of "Moderate Buy".

Golden State Equity Partners trimmed its stake in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 56.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,397 shares of the bank's stock after selling 44,105 shares during the quarter. Golden State Equity Partners' holdings in Banco Santander were worth $277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Foster Group Inc. grew its position in shares of Banco Santander by 11.9% in the 2nd quarter. Foster Group Inc. now owns 17,458 shares of the bank's stock worth $145,000 after buying an additional 1,860 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Banco Santander by 34.4% in the 2nd quarter. GAMMA Investing LLC now owns 58,966 shares of the bank's stock worth $489,000 after buying an additional 15,080 shares during the last quarter. Park Avenue Securities LLC bought a new stake in shares of Banco Santander in the 2nd quarter worth approximately $2,869,000. Sowell Financial Services LLC grew its position in shares of Banco Santander by 82.6% in the 2nd quarter. Sowell Financial Services LLC now owns 20,108 shares of the bank's stock worth $167,000 after buying an additional 9,093 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of Banco Santander by 34.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 13,198 shares of the bank's stock worth $110,000 after buying an additional 3,351 shares during the last quarter. 9.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SAN has been the topic of a number of recent analyst reports. Kepler Capital Markets lowered Banco Santander from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Citigroup initiated coverage on Banco Santander in a research report on Wednesday, June 4th. They issued a "buy" rating on the stock. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy".

Banco Santander Stock Up 1.0%

SAN opened at $10.25 on Wednesday. The stock has a market cap of $152.50 billion, a PE ratio of 11.38, a PEG ratio of 0.83 and a beta of 1.08. The business has a 50 day moving average of $9.37 and a 200-day moving average of $8.10. Banco Santander, S.A. has a 52 week low of $4.43 and a 52 week high of $10.33.

Banco Santander (NYSE:SAN - Get Free Report) last released its 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). The firm had revenue of $17.83 billion during 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. Equities analysts anticipate that Banco Santander, S.A. will post 0.83 EPS for the current 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.

Want to see what other hedge funds are holding SAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Banco Santander, S.A. (NYSE:SAN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.