389,976 Shares in Banco Santander, S.A. $SAN Purchased by Summit Securities Group LLC

Key Points

• Summit Securities Group LLC acquired a new stake in Banco Santander, purchasing 389,976 shares worth approximately $2.61 million, making it the firm's 16th largest holding.
• Other institutional investors, like GAMMA Investing LLC and PNC Financial Services Group Inc., have also significantly increased their stakes in Banco Santander, with GAMMA boosting its position by 791.8%.
• Banco Santander's stock has received mixed ratings from analysts; it has a consensus rating of "Moderate Buy", with two analysts rating it as hold and three as buy.

Summit Securities Group LLC acquired a new stake in Banco Santander, S.A. (NYSE:SAN - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 389,976 shares of the bank's stock, valued at approximately $2,613,000. Banco Santander accounts for 0.4% of Summit Securities Group LLC's holdings, making the stock its 16th largest holding.

A number of other institutional investors have also recently bought and sold shares of SAN. GAMMA Investing LLC boosted its position in shares of Banco Santander by 791.8% in the 1st quarter. GAMMA Investing LLC now owns 294,036 shares of the bank's stock worth $1,970,000 after purchasing an additional 261,066 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Banco Santander by 12.9% during the first quarter. PNC Financial Services Group Inc. now owns 299,177 shares of the bank's stock worth $2,004,000 after buying an additional 34,248 shares during the last quarter. Barclays PLC grew its position in shares of Banco Santander by 284.9% during the 4th quarter. Barclays PLC now owns 670,513 shares of the bank's stock worth $3,057,000 after buying an additional 496,309 shares during the period. Chevy Chase Trust Holdings LLC increased its stake in shares of 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. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of Banco Santander in the 1st quarter valued at approximately $375,000. Institutional investors and hedge funds own 9.19% of the company's stock.

Banco Santander Stock Performance

Banco Santander stock traded up $0.0150 during midday trading on Wednesday, reaching $9.5350. The stock had a trading volume of 3,252,745 shares, compared to its average volume of 5,653,600. The stock has a market capitalization of $141.93 billion, a P/E ratio of 10.59, a price-to-earnings-growth ratio of 1.07 and a beta of 1.06. The firm's fifty day simple moving average is $8.61 and its 200-day simple moving average is $7.45. 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 quarterly 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 business had revenue of $17.83 billion for the quarter, compared to the consensus estimate of $17.69 billion. Banco Santander had a return on equity of 11.98% and a net margin of 17.30%. Banco Santander has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on SAN. Kepler Capital Markets downgraded shares of Banco Santander from a "strong-buy" rating to a "hold" rating in a research note 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 Banco Santander in a 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 given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average 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.