Westbourne Investments Inc. Buys Shares of 67,600 Banco Santander, S.A. $SAN

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 stake in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 67,600 shares of the bank's stock, valued at approximately $453,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. HBK Sorce Advisory LLC increased its position in shares of Banco Santander by 9.8% during the 1st quarter. HBK Sorce Advisory LLC now owns 19,206 shares of the bank's stock valued at $129,000 after purchasing an additional 1,711 shares during the period. May Hill Capital LLC boosted its holdings in Banco Santander by 12.8% during the first quarter. May Hill Capital LLC now owns 21,917 shares of the bank's stock worth $147,000 after buying an additional 2,481 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of Banco Santander by 3.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 71,990 shares of the bank's stock valued at $482,000 after acquiring an additional 2,566 shares during the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of Banco Santander by 6.5% in the 1st quarter. Verdence Capital Advisors LLC now owns 45,236 shares of the bank's stock worth $303,000 after acquiring an additional 2,755 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Banco Santander by 3.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 89,489 shares of the bank's stock worth $600,000 after purchasing an additional 3,317 shares during the period. 9.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Citigroup assumed coverage on Banco Santander in a report on Wednesday, June 4th. They set a "buy" rating on the stock. Kepler Capital Markets downgraded shares of 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

Banco Santander Stock Performance

Shares of SAN traded up $0.09 during trading hours on Monday, hitting $10.14. 3,491,132 shares of the company were exchanged, compared to its average volume of 5,482,272. The firm's 50 day moving average is $9.15 and its 200-day moving average is $7.94. Banco Santander, S.A. has a 52 week low of $4.43 and a 52 week high of $10.16. The company has a market cap of $150.86 billion, a PE ratio of 11.26, a PEG ratio of 0.82 and a beta of 1.08.

Banco Santander (NYSE:SAN - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $17.83 billion during the quarter, compared to analyst estimates of $17.69 billion. Banco Santander had a return on equity of 11.98% and a net margin of 17.30%. Banco Santander has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

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.