Walleye Capital LLC Takes $344,000 Position in Banco Santander, S.A. $SAN

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 stake in Banco Santander, S.A. (NYSE:SAN - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 51,328 shares of the bank's stock, valued at approximately $344,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wayfinding Financial LLC acquired a new position in shares of Banco Santander in the 1st quarter valued at $28,000. Larson Financial Group LLC boosted 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 worth $64,000 after purchasing an additional 3,693 shares during the period. Park Capital Management LLC WI acquired a new position in Banco Santander in the 1st quarter worth $71,000. Insight Advisors LLC PA acquired a new position in Banco Santander in the 1st quarter worth $73,000. Finally, AE Wealth Management LLC acquired a new position in Banco Santander in the 1st quarter worth $74,000. Institutional investors and hedge funds own 9.19% of the company's stock.

Banco Santander Price Performance

NYSE:SAN traded up $0.03 on Tuesday, hitting $9.79. 2,704,539 shares of the company's stock were exchanged, compared to its average volume of 5,480,191. The firm has a 50-day moving average price of $9.03 and a 200-day moving average price of $7.84. Banco Santander, S.A. has a 52 week low of $4.43 and a 52 week high of $9.82. The company has a market cap of $145.65 billion, a P/E ratio of 10.87, a price-to-earnings-growth ratio of 1.07 and a beta of 1.08.

Banco Santander (NYSE:SAN - Get Free Report) last issued its earnings results on Wednesday, July 30th. The bank reported $0.22 earnings per share (EPS) 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 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, research analysts expect that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Kepler Capital Markets lowered shares of Banco Santander from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Wall Street Zen raised shares of Banco Santander from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Finally, Citigroup assumed coverage on shares of Banco Santander in a research note on Wednesday, June 4th. They issued a "buy" rating for the company. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Banco Santander Company 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.