RWA Wealth Partners LLC Trims Stock Position in Banco Santander, S.A. $SAN

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 13F filing with the SEC. The fund 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 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of SAN. Northern Trust Corp increased its stake in shares of Banco Santander by 6.3% in the 1st quarter. Northern Trust Corp now owns 11,457,741 shares of the bank's stock valued at $76,767,000 after purchasing an additional 682,480 shares in the last quarter. Brooklyn Investment Group increased its stake in shares of Banco Santander by 993.2% in the 1st quarter. Brooklyn Investment Group now owns 30,849 shares of the bank's stock valued at $207,000 after purchasing an additional 28,027 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of Banco Santander in the 1st quarter valued at about $2,613,000. Corient IA LLC purchased a new position in shares of Banco Santander in the 1st quarter valued at about $134,000. Finally, Vestmark Advisory Solutions Inc. increased its stake in shares of Banco Santander by 77.2% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 498,500 shares of the bank's stock valued at $3,340,000 after purchasing an additional 217,135 shares in the last quarter. Hedge funds and other institutional investors own 9.19% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SAN shares. Citigroup started coverage on Banco Santander in a report on Wednesday, June 4th. They issued a "buy" rating on the stock. Wall Street Zen upgraded Banco Santander from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Finally, Kepler Capital Markets cut Banco Santander from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Banco Santander has an average rating of "Moderate Buy".

Banco Santander Price Performance

Shares of Banco Santander stock opened at $9.63 on Monday. The stock has a market cap of $143.35 billion, a P/E ratio of 10.70, a P/E/G ratio of 1.08 and a beta of 1.06. The stock's 50 day simple moving average is $8.55 and its 200-day simple moving average is $7.41. Banco Santander, S.A. has a 1-year low of $4.43 and a 1-year high of $9.70.

Banco Santander (NYSE:SAN - Get Free Report) last issued 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 company had revenue of $17.83 billion for the quarter, compared to analyst estimates of $17.69 billion. Banco Santander had a return on equity of 11.98% and a net margin of 17.30%. As a group, research analysts expect that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Banco Santander 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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