Ascent Group LLC Takes Position in Banco Santander, S.A. $SAN

Ascent Group LLC bought a new stake in shares of Banco Santander, S.A. (NYSE:SAN) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 50,554 shares of the bank’s stock, valued at approximately $339,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Chevy Chase Trust Holdings LLC grew its position in shares of Banco Santander by 30.5% during the 1st quarter. Chevy Chase Trust Holdings LLC now owns 11,875,594 shares of the bank’s stock valued at $79,566,000 after acquiring an additional 2,774,449 shares during the period. Northern Trust Corp grew its position in shares of Banco Santander by 6.3% during the 1st quarter. Northern Trust Corp now owns 11,457,741 shares of the bank’s stock valued at $76,767,000 after acquiring an additional 682,480 shares during the period. Bank of America Corp DE grew its position in shares of Banco Santander by 19.9% during 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 acquiring an additional 440,676 shares during the period. Citigroup Inc. grew its position in shares of Banco Santander by 170.6% during the 1st quarter. Citigroup Inc. now owns 2,349,567 shares of the bank’s stock valued at $15,742,000 after acquiring an additional 1,481,207 shares during the period. Finally, QRG Capital Management Inc. lifted its stake in shares of Banco Santander by 6.5% during 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 in the last quarter. 9.19% of the stock is owned by institutional investors.

Banco Santander Price Performance

NYSE SAN opened at $10.09 on Friday. Banco Santander, S.A. has a 1 year low of $4.43 and a 1 year high of $10.09. The stock has a market capitalization of $150.19 billion, a PE ratio of 11.21, a P/E/G ratio of 0.81 and a beta of 1.08. The company’s 50 day simple moving average is $9.12 and its two-hundred day simple moving average is $7.89.

Banco Santander (NYSE:SAN) last posted 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 firm had revenue of $17.83 billion during the quarter, compared to analysts’ expectations of $17.69 billion. Banco Santander has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Banco Santander, S.A. will post 0.83 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SAN shares. Citigroup started coverage on shares of Banco Santander in a research note on Wednesday, June 4th. They set a “buy” rating on the stock. Kepler Capital Markets cut shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently 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.