51,328 Shares in Banco Santander, S.A. $SAN Purchased by Walleye Capital LLC

Key Points

• Walleye Capital LLC has acquired a new stake in Banco Santander, S.A., purchasing 51,328 shares valued at approximately $344,000 during the first quarter.
• Analysts have mixed ratings on Banco Santander, with two analysts giving it a "Buy" rating while two others rate it as a "Hold," resulting in an average rating of "Moderate Buy."
• Recently, Banco Santander's shares opened at $9.45, showing significant price performance, while the company reported $0.22 earnings per share, missing analysts' expectations.

Walleye Capital LLC purchased a new position in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 51,328 shares of the bank's stock, valued at approximately $344,000.

Other hedge funds have also added to or reduced their stakes in the company. Wayfinding Financial LLC purchased a new position in Banco Santander during the 1st quarter valued at $28,000. Larson Financial Group LLC raised its stake in Banco Santander by 63.2% in the 1st 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 Banco Santander during the 1st quarter worth about $71,000. Insight Advisors LLC PA purchased a new position in Banco Santander during the 1st quarter worth approximately $73,000. Finally, AE Wealth Management LLC acquired a new position in Banco Santander during the first quarter worth $74,000. Institutional investors own 9.19% of the company's stock.

Banco Santander Stock Up 2.4%

Shares of NYSE SAN traded up $0.23 during midday trading on Monday, reaching $9.76. 2,458,391 shares of the company were exchanged, compared to its average volume of 5,498,281. The stock has a market cap of $145.21 billion, a P/E ratio of 10.82, a PEG ratio of 1.07 and a beta of 1.08. The stock's 50-day moving average price is $9.00 and its 200-day moving average price is $7.81. Banco Santander, S.A. has a one year low of $4.43 and a one year high of $9.82.

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 company had revenue of $17.83 billion for the quarter, compared to the consensus estimate of $17.69 billion. Banco Santander had a net margin of 17.30% and a return on equity of 11.98%. Banco Santander has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Banco Santander, S.A. will post 0.83 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised Banco Santander from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Citigroup started coverage on Banco Santander in a research report on Wednesday, June 4th. They set 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. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently 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.