Wealth Enhancement Advisory Services LLC Boosts Stake in Banco Santander, S.A. $SAN

Key Points

• Wealth Enhancement Advisory Services LLC increased its holdings in Banco Santander, S.A. by 36.4% during the second quarter, owning 122,095 shares valued at approximately $1,044,000.
• GAMMA Investing LLC significantly boosted its stake in Banco Santander by 791.8% in the first quarter, now owning 294,036 shares valued at $1,970,000.
• Banco Santander's stock currently has a consensus rating of "Buy", with recent ratings from analysts including one "Strong Buy" and two "Buy" ratings.

Wealth Enhancement Advisory Services LLC boosted its position in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 36.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 122,095 shares of the bank's stock after purchasing an additional 32,606 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Banco Santander were worth $1,044,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SAN. GAMMA Investing LLC lifted its position in shares of Banco Santander by 791.8% in the first quarter. GAMMA Investing LLC now owns 294,036 shares of the bank's stock valued at $1,970,000 after acquiring an additional 261,066 shares in the last quarter. Merit Financial Group LLC increased its stake in Banco Santander by 53.6% in the first quarter. Merit Financial Group LLC now owns 37,102 shares of the bank's stock valued at $249,000 after purchasing an additional 12,949 shares during the last quarter. Armstrong Fleming & Moore Inc acquired a new position in Banco Santander in the first quarter valued at $75,000. Foster Group Inc. acquired a new position in Banco Santander in the first quarter valued at $105,000. Finally, Insight Advisors LLC PA acquired a new position in Banco Santander in the first quarter valued at $73,000. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on SAN. Citigroup began coverage on Banco Santander in a research note on Wednesday, June 4th. They issued a "buy" rating for the company. The Goldman Sachs Group upgraded Banco Santander to a "strong-buy" rating in a research note on Thursday, September 25th. 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 analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

Banco Santander Stock Performance

Shares of SAN opened at $10.43 on Thursday. The company has a market capitalization of $155.18 billion, a P/E ratio of 11.58, a P/E/G ratio of 0.84 and a beta of 1.02. Banco Santander, S.A. has a one year low of $4.43 and a one year high of $10.50. The stock has a 50-day moving average price of $9.59 and a 200 day moving average price of $8.25.

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). The business had revenue of $17.83 billion during the quarter, compared to analysts' expectations 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. As a group, equities research analysts forecast that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal 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.

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