Venturi Wealth Management LLC Takes Position in Banco Santander, S.A. $SAN

Key Points

• Venturi Wealth Management LLC has acquired a new stake in Banco Santander, purchasing 69,227 shares valued at approximately $575,000 in Q2.
• Banco Santander recently reported earnings of $0.22 per share for the quarter, missing the consensus estimate of $0.26.
• Research firms have mixed views on Banco Santander, with Goldman Sachs rating it a "strong-buy" and Kepler Capital Markets downgrading it to a "hold."

Venturi Wealth Management LLC acquired a new stake in Banco Santander, S.A. (NYSE:SAN - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 69,227 shares of the bank's stock, valued at approximately $575,000.

A number of other hedge funds also recently made changes to their positions in SAN. Chevy Chase Trust Holdings LLC lifted its holdings in Banco Santander by 30.5% during the 1st quarter. Chevy Chase Trust Holdings LLC now owns 11,875,594 shares of the bank's stock worth $79,566,000 after purchasing an additional 2,774,449 shares during the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new stake in Banco Santander during the 1st quarter worth approximately $10,181,000. Citigroup Inc. lifted its holdings in Banco Santander by 170.6% during the 1st quarter. Citigroup Inc. now owns 2,349,567 shares of the bank's stock worth $15,742,000 after purchasing an additional 1,481,207 shares during the last quarter. Steamboat Capital Partners LLC acquired a new stake in Banco Santander during the 1st quarter worth approximately $6,700,000. Finally, Northern Trust Corp lifted its holdings in Banco Santander by 6.3% during the 1st quarter. Northern Trust Corp now owns 11,457,741 shares of the bank's stock worth $76,767,000 after purchasing an additional 682,480 shares during the last quarter. 9.19% of the stock is owned by institutional investors and hedge funds.

Banco Santander Price Performance

Shares of NYSE SAN opened at $9.97 on Friday. The stock has a market capitalization of $148.41 billion, a PE ratio of 11.08, a P/E/G ratio of 0.81 and a beta of 1.02. The business has a fifty day moving average price of $9.74 and a two-hundred day moving average price of $8.38. Banco Santander, S.A. has a fifty-two week low of $4.43 and a fifty-two week high of $10.50.

Banco Santander (NYSE:SAN - Get Free Report) last announced its quarterly earnings data 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). Banco Santander had a net margin of 17.30% and a return on equity of 11.98%. The company had revenue of $17.83 billion during the quarter, compared to analyst estimates of $17.69 billion. Banco Santander has set its FY 2025 guidance at EPS. On average, equities analysts expect that Banco Santander, S.A. will post 0.83 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SAN. The Goldman Sachs Group raised Banco Santander to a "strong-buy" rating in a report on Thursday, September 25th. Kepler Capital Markets cut Banco Santander from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Finally, Weiss Ratings reissued a "buy (b+)" rating on shares of Banco Santander in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "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.

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