Oppenheimer & Co. Inc. Has $10.24 Million Position in Banco Santander, S.A. $SAN

Key Points

• Oppenheimer & Co. trimmed its stake in Banco Santander by 34.6% in Q4, selling 462,495 shares and finishing the quarter with 872,724 shares worth about $10.24 million.
• Santander has several positives underway — it completed the TSB takeover, reported a record underlying Q1 profit, and is boosting fintech exposure (notably an investment in Ebury), which has led analysts to raise forward estimates.
• Near-term headwinds remain: Santander missed Q1 estimates (EPS $0.27 vs $0.29; revenue $17.53B vs $17.66B), is absorbing one‑off UK motor‑finance scandal costs, but declared a dividend for May 8 and holds a consensus rating of Moderate Buy.

Oppenheimer & Co. Inc. lowered its position in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 34.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 872,724 shares of the bank's stock after selling 462,495 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Banco Santander were worth $10,237,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SAN. AQR Capital Management LLC grew its holdings in Banco Santander by 77.4% during the first quarter. AQR Capital Management LLC now owns 419,635 shares of the bank's stock valued at $2,812,000 after purchasing an additional 183,051 shares during the period. Integrated Wealth Concepts LLC grew its holdings in Banco Santander by 3.7% during the first quarter. Integrated Wealth Concepts LLC now owns 71,990 shares of the bank's stock valued at $482,000 after purchasing an additional 2,566 shares during the period. Jones Financial Companies Lllp grew its holdings in Banco Santander by 271.2% during the first quarter. Jones Financial Companies Lllp now owns 10,276 shares of the bank's stock valued at $69,000 after purchasing an additional 7,508 shares during the period. Focus Partners Wealth grew its holdings in Banco Santander by 65.3% during the first quarter. Focus Partners Wealth now owns 71,169 shares of the bank's stock valued at $477,000 after purchasing an additional 28,107 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in Banco Santander during the first quarter valued at approximately $601,000. Institutional investors and hedge funds own 9.19% of the company's stock.

Banco Santander News Summary

Here are the key news stories impacting Banco Santander this week:

• Positive Sentiment: Santander completed the takeover of TSB, gaining a much bigger UK retail footprint and scale on the high street. Santander completes £2.65B takeover of TSB Sabadell sells TSB to Banco Santander for €3.3bn
• Positive Sentiment: Santander reported a record underlying Q1 profit and reaffirmed targets, supporting its operational story and capital generation. Santander reports record Q1 profit, reaffirms targets
• Positive Sentiment: Analysts are revising upwards — Erste Group raised FY2027 earnings estimates for Santander, which supports forward EPS expectations (estimate lift to $1.40 from $1.37).
• Positive Sentiment: Santander is increasing its strategic fintech exposure by investing in Ebury ( ~£50m ), and participating in wider funding rounds — this expands international payments capabilities. Santander to invest $67 mln in Ebury
• Neutral Sentiment: Some coverage remains constructive but watchful — Barclays reiterated a Buy on Santander, which supports investor interest but may already be priced in. Barclays Remains a Buy on Banco Santander (BNC)
• Neutral Sentiment: Santander flagged limits around non‑IFRS and ESG metrics in its Q1 presentation — useful context for analysts but not an immediate earnings driver. Santander Flags Limits of Non-IFRS and ESG Metrics in 1Q 2026 Results
• Neutral Sentiment: Value/earnings-focused commentary (e.g., Zacks) argues Santander may be undervalued, which can support longer-term interest but is not an immediate catalyst. Are Investors Undervaluing Banco Santander (SAN) Right Now?
• Negative Sentiment: Santander UK is absorbing hit from a motor‑finance scandal with associated customer payouts and one‑off costs, which depress near‑term UK profits and offset some acquisition benefits. Santander UK takes profit hit from further costs of motor finance scandal

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada upgraded shares of Banco Santander from a "sector perform" rating to an "outperform" rating in a report on Monday, February 23rd. Wall Street Zen upgraded shares of Banco Santander from a "hold" rating to a "buy" rating in a report on Sunday, April 26th. UBS Group reiterated a "buy" rating on shares of Banco Santander in a report on Monday, February 16th. Barclays cut shares of Banco Santander from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 6th. Finally, Weiss Ratings upgraded shares of Banco Santander from a "buy (b+)" rating to a "buy (a-)" rating in a report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

Banco Santander Stock Down 0.9%

Banco Santander stock opened at $12.08 on Friday. The stock has a market capitalization of $177.51 billion, a PE ratio of 9.99, a price-to-earnings-growth ratio of 0.69 and a beta of 0.73. Banco Santander, S.A. has a twelve month low of $7.07 and a twelve month high of $13.24. The company has a 50 day moving average of $11.72 and a 200-day moving average of $11.46.

Banco Santander (NYSE:SAN - Get Free Report) last announced its earnings results on Wednesday, April 29th. The bank reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). Banco Santander had a return on equity of 12.23% and a net margin of 26.92%.The business had revenue of $17.53 billion for the quarter, compared to analyst estimates of $17.66 billion. Equities analysts anticipate that Banco Santander, S.A. will post 1.12 EPS for the current fiscal year.

Banco Santander Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, May 8th. Investors of record on Monday, May 4th will be issued a dividend of $0.1473 per share. The ex-dividend date is Monday, May 4th. This represents a yield of 254.0%. Banco Santander's dividend payout ratio is presently 18.81%.

Banco Santander Company Profile

Banco Santander, SA NYSE: SAN is a Spanish multinational banking group headquartered in Santander, Spain. Founded in 1857, the bank has grown from a regional institution into one of Europe's largest banking groups, operating a diversified financial services platform that serves retail, small and medium-sized enterprises, and large corporate clients. Santander is publicly listed in Spain and maintains American Depositary Receipts on the New York Stock Exchange under the ticker SAN.

The group's core activities include retail and commercial banking—offering deposit accounts, payment services, mortgages, personal and auto loans, and small business financing—alongside corporate and investment banking services for larger institutional clients.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.