Banco Santander, S.A. $SAN Shares Sold by RWA Wealth Partners LLC

Key Points

• RWA Wealth Partners LLC reduced its stake in Banco Santander, S.A. by 1.6% to own 1,708,667 shares, valued at approximately $11.4 million.
• Several institutional investors have adjusted their holdings, with notable increases in positions by Northern Trust Corp (up 6.3%) and Brooklyn Investment Group (up 993.2%).
• Analysts have mixed ratings on Banco Santander, with two rating it a hold, three a buy, and one a strong buy, resulting in an average rating of "Moderate Buy".

RWA Wealth Partners LLC lowered its stake in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 1.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,708,667 shares of the bank's stock after selling 27,396 shares during the period. RWA Wealth Partners LLC's holdings in Banco Santander were worth $11,448,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Wayfinding Financial LLC purchased a new stake in shares of Banco Santander during the first quarter worth about $28,000. WealthCollab LLC increased its stake in shares of Banco Santander by 35.1% during the fourth quarter. WealthCollab LLC now owns 7,801 shares of the bank's stock worth $36,000 after purchasing an additional 2,028 shares in the last quarter. Larson Financial Group LLC increased its stake in shares of Banco Santander by 63.2% during the first quarter. Larson Financial Group LLC now owns 9,532 shares of the bank's stock worth $64,000 after purchasing an additional 3,693 shares in the last quarter. Park Capital Management LLC WI purchased a new stake in shares of Banco Santander during the first quarter worth about $71,000. Finally, Insight Advisors LLC PA acquired a new position in Banco Santander during the first quarter worth about $73,000. Hedge funds and other institutional investors own 9.19% of the company's stock.

Banco Santander Stock Up 2.0%

NYSE:SAN traded up $0.1950 on Friday, hitting $9.7650. The stock had a trading volume of 6,082,014 shares, compared to its average volume of 4,377,907. The stock has a market cap of $145.36 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 1.07 and a beta of 1.06. The company has a fifty day moving average price of $8.71 and a two-hundred day moving average price of $7.53. Banco Santander, S.A. has a 1-year low of $4.43 and a 1-year high of $9.82.

Banco Santander (NYSE:SAN - Get Free Report) last posted its earnings results on Wednesday, July 30th. The bank reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.04). The firm 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. As a group, analysts anticipate that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SAN shares. Kepler Capital Markets lowered shares of Banco Santander from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Wall Street Zen upgraded shares of Banco Santander from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Finally, Citigroup started coverage on shares of Banco Santander in a research report on Wednesday, June 4th. They set a "buy" rating on the stock. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate 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.