HB Wealth Management LLC Has $473,000 Stock Holdings in Banco Santander, S.A. $SAN

Key Points

• HB Wealth Management LLC increased its stake in Banco Santander by 85.3% during the second quarter, holding 57,042 shares worth $473,000.
• Banco Santander reported earnings of $0.22 per share for the latest quarter, missing consensus estimates of $0.26, while revenue outpaced expectations at $17.83 billion.
• The stock received mixed ratings from analysts, with one firm upgrading to "strong-buy" and another downgrading to "hold," leading to a consensus rating of "Buy."

HB Wealth Management LLC boosted its stake in Banco Santander, S.A. (NYSE:SAN - Free Report) by 85.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 57,042 shares of the bank's stock after buying an additional 26,251 shares during the period. HB Wealth Management LLC's holdings in Banco Santander were worth $473,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. HBK Sorce Advisory LLC lifted its holdings in shares of Banco Santander by 9.8% during the 1st quarter. HBK Sorce Advisory LLC now owns 19,206 shares of the bank's stock worth $129,000 after acquiring an additional 1,711 shares during the period. Foster Group Inc. increased its position in shares of Banco Santander by 11.9% during the second 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 period. CogentBlue Wealth Advisors LLC grew its holdings in Banco Santander by 13.3% in the second quarter. CogentBlue Wealth Advisors LLC now owns 19,736 shares of the bank's stock worth $164,000 after purchasing an additional 2,315 shares during the period. May Hill Capital LLC grew its holdings in Banco Santander by 12.8% in the first quarter. May Hill Capital LLC now owns 21,917 shares of the bank's stock worth $147,000 after purchasing an additional 2,481 shares during the period. Finally, Integrated Wealth Concepts LLC lifted its stake in shares of Banco Santander by 3.7% in the first quarter. Integrated Wealth Concepts LLC now owns 71,990 shares of the bank's stock valued at $482,000 after buying an additional 2,566 shares in the last quarter. Institutional investors own 9.19% of the company's stock.

Banco Santander Stock Up 1.3%

NYSE:SAN opened at $10.29 on Monday. The company has a fifty day moving average of $9.64 and a 200 day moving average of $8.32. Banco Santander, S.A. has a 52 week low of $4.43 and a 52 week high of $10.50. The firm has a market capitalization of $153.20 billion, a P/E ratio of 11.44, a P/E/G ratio of 0.82 and a beta of 1.02.

Banco Santander (NYSE:SAN - Get Free Report) last issued 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. As a group, analysts anticipate that Banco Santander, S.A. will post 0.83 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Weiss Ratings reaffirmed a "buy (b+)" rating on shares of Banco Santander in a research note on Saturday, September 27th. Kepler Capital Markets downgraded shares of Banco Santander from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Finally, The Goldman Sachs Group raised shares of Banco Santander to a "strong-buy" rating in a research note on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Banco Santander presently has a consensus rating of "Buy".

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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