Park Avenue Securities LLC Invests $2.87 Million in Banco Santander, S.A. $SAN

Key Points

• Park Avenue Securities LLC has invested approximately $2.87 million in Banco Santander, acquiring 345,625 shares during the second quarter.
• Institutional investors currently hold 9.19% of Banco Santander's stock, demonstrating increased interest from companies like Sowell Financial Services and Wealth Enhancement Advisory Services.
• Analysts have rated Banco Santander stock with an average of "Moderate Buy," although individual reports indicate mixed opinions, including a downgrade from a "strong-buy" to a "hold" rating.

Park Avenue Securities LLC bought a new position in Banco Santander, S.A. (NYSE:SAN - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 345,625 shares of the bank's stock, valued at approximately $2,869,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Sowell Financial Services LLC boosted its holdings 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 acquiring an additional 9,093 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings 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 acquiring an additional 3,351 shares in the last quarter. Diversified Trust Co acquired a new position in shares of Banco Santander in the 2nd quarter worth approximately $141,000. Trust Point Inc. lifted its holdings in Banco Santander by 14.0% during the 2nd quarter. Trust Point Inc. now owns 35,345 shares of the bank's stock worth $293,000 after buying an additional 4,352 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Banco Santander by 36.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 122,095 shares of the bank's stock worth $1,044,000 after buying an additional 32,606 shares in the last quarter. 9.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Citigroup assumed coverage on Banco Santander in a report on Wednesday, June 4th. They set a "buy" rating on the stock. Kepler Capital Markets downgraded Banco Santander from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy".

Banco Santander Stock Up 1.0%

SAN stock opened at $10.25 on Wednesday. The business's fifty day moving average is $9.37 and its 200-day moving average is $8.10. The company has a market cap of $152.50 billion, a P/E ratio of 11.38, a price-to-earnings-growth ratio of 0.83 and a beta of 1.08. Banco Santander, S.A. has a twelve month low of $4.43 and a twelve month high of $10.33.

Banco Santander (NYSE:SAN - Get Free Report) last posted its quarterly 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 company had revenue of $17.83 billion during the quarter, compared to analyst estimates 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. Research analysts anticipate that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

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.

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