Vestmark Advisory Solutions Inc. Buys 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. grew its holdings in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 77.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 498,500 shares of the bank's stock after purchasing an additional 217,135 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in Banco Santander were worth $3,340,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Wayfinding Financial LLC acquired a new position in Banco Santander during the first quarter valued at approximately $28,000. WealthCollab LLC boosted its holdings in Banco Santander by 35.1% during the fourth quarter. WealthCollab LLC now owns 7,801 shares of the bank's stock valued at $36,000 after acquiring an additional 2,028 shares during the period. Larson Financial Group LLC grew its position in shares of Banco Santander by 63.2% in the first quarter. Larson Financial Group LLC now owns 9,532 shares of the bank's stock valued at $64,000 after purchasing an additional 3,693 shares during the last quarter. Park Capital Management LLC WI acquired a new position in shares of Banco Santander during the 1st quarter worth about $71,000. Finally, Insight Advisors LLC PA bought a new stake in Banco Santander during the 1st quarter valued at approximately $73,000. 9.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SAN. Wall Street Zen upgraded Banco Santander from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Citigroup assumed coverage on shares of Banco Santander in a research report on Wednesday, June 4th. They issued a "buy" rating on the stock. Finally, Kepler Capital Markets lowered Banco Santander from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy".

Banco Santander Stock Performance

SAN traded up $0.0050 during midday trading on Wednesday, reaching $9.5250. 2,328,440 shares of the company were exchanged, compared to its average volume of 5,647,037. The stock has a market capitalization of $141.78 billion, a P/E ratio of 10.58, a PEG ratio of 1.07 and a beta of 1.06. The stock's 50-day simple moving average is $8.61 and its 200 day simple moving average is $7.45. Banco Santander, S.A. has a one year low of $4.43 and a one year high of $9.70.

Banco Santander (NYSE:SAN - Get Free Report) last released 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 return on equity of 11.98% and a net margin of 17.30%.The firm had revenue of $17.83 billion for the quarter, compared to the consensus estimate of $17.69 billion. Banco Santander has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

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.