Vident Advisory LLC Grows Position in Banco Santander, S.A. $SAN

Key Points

• Vident Advisory LLC increased its holdings in Banco Santander by 112.6% in the first quarter, acquiring an additional 412,572 shares, raising its total to 779,110 shares valued at approximately $5.22 million.
• In addition to Vident, other large investors like Chevy Chase Trust and Citigroup also boosted their stakes in Banco Santander, indicating increased institutional interest in the bank.
• Banco Santander's stock received a "buy" rating upgrade from Wall Street Zen, with analysts suggesting an average rating of "Moderate Buy" after recent performance reviews.

Vident Advisory LLC lifted its stake in Banco Santander, S.A. (NYSE:SAN - Free Report) by 112.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 779,110 shares of the bank's stock after purchasing an additional 412,572 shares during the period. Vident Advisory LLC's holdings in Banco Santander were worth $5,220,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SAN. Northern Trust Corp lifted its stake in shares of Banco Santander by 46.4% in the fourth quarter. Northern Trust Corp now owns 10,775,261 shares of the bank's stock valued at $49,135,000 after purchasing an additional 3,413,685 shares during the period. Chevy Chase Trust Holdings LLC raised its position in Banco Santander by 30.5% during the first quarter. Chevy Chase Trust Holdings LLC now owns 11,875,594 shares of the bank's stock worth $79,566,000 after acquiring an additional 2,774,449 shares during the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new position in Banco Santander during the first quarter worth about $10,181,000. Citigroup Inc. raised its position in Banco Santander by 170.6% during the first 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 last quarter. Finally, Jane Street Group LLC raised its position in Banco Santander by 4,041.6% during the fourth quarter. Jane Street Group LLC now owns 990,966 shares of the bank's stock worth $4,519,000 after acquiring an additional 967,039 shares during the last quarter. Institutional investors and hedge funds own 9.19% of the company's stock.

Analysts Set New Price Targets

SAN has been the subject of a number of research reports. Citigroup initiated coverage on shares of Banco Santander in a research report on Wednesday, June 4th. They set a "buy" rating for the company. 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, Kepler Capital Markets cut shares of Banco Santander from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Banco Santander has an average rating of "Moderate Buy".

Banco Santander Trading Up 1.6%

Shares of NYSE SAN traded up $0.16 during midday trading on Thursday, reaching $9.60. 1,835,397 shares of the stock were exchanged, compared to its average volume of 5,523,454. The company has a market capitalization of $142.82 billion, a P/E ratio of 10.66, a P/E/G ratio of 1.07 and a beta of 1.08. Banco Santander, S.A. has a 52-week low of $4.43 and a 52-week high of $9.82. The stock has a 50 day moving average price of $8.94 and a 200-day moving average price of $7.74.

Banco Santander (NYSE:SAN - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The bank reported $0.22 EPS for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $17.69 billion. Banco Santander has set its FY 2025 guidance at EPS. On average, analysts forecast that Banco Santander, S.A. will post 0.83 earnings per share for the current 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.