OLD Mission Capital LLC Buys 281,101 Shares of Banco Santander, S.A. $SAN

Key Points

• OLD Mission Capital LLC has increased its stake in Banco Santander by 46.4%, purchasing an additional 281,101 shares to reach a total of 887,446 shares valued at approximately $5.9 million.
• Institutional investors own 9.19% of Banco Santander's stock, with Chevy Chase Trust Holdings and Citigroup Inc. notably increasing their stakes by 30.5% and 170.6% respectively during the 1st quarter.
• Banco Santander's stock has a market cap of $143.87 billion and recently reported an EPS of $0.22, missing estimates, while analysts predict a 0.83 EPS for the current fiscal year.

OLD Mission Capital LLC raised its stake in Banco Santander, S.A. (NYSE:SAN - Free Report) by 46.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 887,446 shares of the bank's stock after acquiring an additional 281,101 shares during the period. OLD Mission Capital LLC's holdings in Banco Santander were worth $5,946,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of SAN. Northern Trust Corp increased its holdings in Banco Santander by 46.4% in the 4th quarter. Northern Trust Corp now owns 10,775,261 shares of the bank's stock valued at $49,135,000 after acquiring an additional 3,413,685 shares during the last quarter. Chevy Chase Trust Holdings LLC increased its holdings in Banco Santander by 30.5% in the 1st 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 during the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new stake in Banco Santander in the 1st quarter valued at $10,181,000. Citigroup Inc. increased its holdings in Banco Santander by 170.6% in the 1st quarter. Citigroup Inc. now owns 2,349,567 shares of the bank's stock valued at $15,742,000 after acquiring an additional 1,481,207 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in Banco Santander by 4,041.6% in the 4th quarter. Jane Street Group LLC now owns 990,966 shares of the bank's stock valued at $4,519,000 after acquiring an additional 967,039 shares during the last quarter. 9.19% of the stock is currently owned by institutional investors.

Banco Santander Trading Down 1.3%

Shares of SAN stock traded down $0.13 during trading hours on Monday, reaching $9.55. 5,579,986 shares of the stock were exchanged, compared to its average volume of 4,026,619. Banco Santander, S.A. has a 12-month low of $4.43 and a 12-month high of $9.82. The company's 50-day moving average price is $8.86 and its 200-day moving average price is $7.69. The firm has a market capitalization of $142.08 billion, a price-to-earnings ratio of 10.95, a price-to-earnings-growth ratio of 1.07 and a beta of 1.08.

Banco Santander (NYSE:SAN - Get Free Report) last released its quarterly 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). Banco Santander had a return on equity of 11.98% and a net margin of 17.30%.The firm had revenue of $17.83 billion for the quarter, compared to analysts' expectations of $17.69 billion. Banco Santander has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Banco Santander, S.A. will post 0.83 EPS for the current year.

Analyst Ratings Changes

SAN has been the subject of a number of recent research reports. Citigroup initiated coverage on shares of Banco Santander in a research note on Wednesday, June 4th. They issued a "buy" rating for the company. Kepler Capital Markets cut shares of Banco Santander from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Finally, Wall Street Zen raised shares of Banco Santander from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy".

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.