Vestmark Advisory Solutions Inc. Acquires 217,135 Shares of Banco Santander, S.A. $SAN

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in Banco Santander by 77.2% in the first quarter, owning 498,500 shares valued at approximately $3.34 million as reported in their SEC filing.
• Other institutional investors also showed interest, with Russell Investments Group increasing its position by 17.8% and new investments made by firms like Arrowpoint Investment Partners and Virtu Financial.
• Analysts have given Banco Santander an average rating of "Moderate Buy", with recent coverage from Citigroup and an upgrade from Wall Street Zen indicating positive outlooks despite a slight earnings miss in their last report.

Vestmark Advisory Solutions Inc. increased its position in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 77.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 498,500 shares of the bank's stock after acquiring an additional 217,135 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in Banco Santander were worth $3,340,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Chevy Chase Trust Holdings LLC raised its position in 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 purchasing an additional 2,774,449 shares in the last quarter. Northern Trust Corp grew its stake in Banco Santander by 46.4% during the 4th quarter. Northern Trust Corp now owns 10,775,261 shares of the bank's stock worth $49,135,000 after buying an additional 3,413,685 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in Banco Santander by 7.2% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 5,429,260 shares of the bank's stock worth $24,757,000 after acquiring an additional 362,500 shares during the period. Bank of America Corp DE lifted its position in Banco Santander by 19.9% during the 4th quarter. Bank of America Corp DE now owns 2,655,351 shares of the bank's stock worth $12,108,000 after acquiring an additional 440,676 shares during the period. Finally, Citigroup Inc. lifted its position 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 acquiring an additional 1,481,207 shares during the period. Institutional investors and hedge funds own 9.19% of the company's stock.

Banco Santander Stock Up 0.5%

Shares of NYSE:SAN traded up $0.0450 during trading on Thursday, hitting $9.5750. 501,966 shares of the company traded hands, compared to its average volume of 5,620,493. Banco Santander, S.A. has a one year low of $4.43 and a one year high of $9.70. The stock has a market capitalization of $142.53 billion, a price-to-earnings ratio of 10.64, a PEG ratio of 1.06 and a beta of 1.06. The business's fifty day moving average is $8.65 and its 200-day moving average is $7.47.

Banco Santander (NYSE:SAN - Get Free Report) last released its 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 firm had revenue of $17.83 billion during 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%. Banco Santander has set its FY 2025 guidance at EPS. On average, analysts forecast that Banco Santander, S.A. will post 0.83 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on SAN shares. Citigroup started coverage on Banco Santander in a report on Wednesday, June 4th. They issued a "buy" rating for the company. Wall Street Zen raised Banco Santander from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Finally, Kepler Capital Markets downgraded Banco Santander from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. One research 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 stock. According to data from MarketBeat, the stock has a consensus 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.