67,600 Shares in Banco Santander, S.A. $SAN Acquired by Westbourne Investments Inc.

Key Points

• Westbourne Investments Inc. acquired a new stake in Banco Santander, purchasing 67,600 shares valued at approximately $453,000 during the first quarter.
• Banco Santander recently reported earnings per share of $0.22, missing analyst expectations, despite revenues coming in higher than consensus estimates.
• Analysts have mixed views on Banco Santander, with ratings ranging from buy to hold, resulting in a consensus rating of "Moderate Buy".

Westbourne Investments Inc. purchased a new position 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 & Exchange Commission. The institutional investor purchased 67,600 shares of the bank's stock, valued at approximately $453,000.

Several other large investors have also bought and sold shares of SAN. Chevy Chase Trust Holdings LLC lifted its holdings in shares of 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 valued at $79,566,000 after purchasing an additional 2,774,449 shares during the last quarter. Northern Trust Corp grew its holdings in Banco Santander by 6.3% during the first quarter. Northern Trust Corp now owns 11,457,741 shares of the bank's stock valued at $76,767,000 after purchasing an additional 682,480 shares during the last quarter. Bank of America Corp DE grew its holdings in Banco Santander by 19.9% in the 4th quarter. Bank of America Corp DE now owns 2,655,351 shares of the bank's stock valued at $12,108,000 after buying an additional 440,676 shares during the last quarter. Citigroup Inc. grew its holdings in Banco Santander by 170.6% in the 1st quarter. Citigroup Inc. now owns 2,349,567 shares of the bank's stock valued at $15,742,000 after buying an additional 1,481,207 shares during the last quarter. Finally, QRG Capital Management Inc. grew its holdings in Banco Santander by 6.5% in the 1st quarter. QRG Capital Management Inc. now owns 1,935,314 shares of the bank's stock valued at $12,967,000 after buying an additional 118,508 shares during the last quarter. Institutional investors own 9.19% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Kepler Capital Markets downgraded Banco Santander from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Citigroup began coverage on Banco Santander in a research note on Wednesday, June 4th. They issued a "buy" rating for the company. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

Banco Santander Trading Down 0.2%

Shares of Banco Santander stock traded down $0.02 during trading on Friday, reaching $10.06. The stock had a trading volume of 3,873,013 shares, compared to its average volume of 3,523,881. The company has a market capitalization of $149.75 billion, a price-to-earnings ratio of 11.18, a P/E/G ratio of 0.82 and a beta of 1.08. The stock has a fifty day moving average price of $9.15 and a two-hundred day moving average price of $7.92. Banco Santander, S.A. has a 52 week low of $4.43 and a 52 week high of $10.09.

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