Kathmere Capital Management LLC Buys 6,751 Shares of Banco Santander, S.A. $SAN

Kathmere Capital Management LLC boosted its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 11.1% during the second quarter, HoldingsChannel reports. The fund owned 67,827 shares of the bank’s stock after purchasing an additional 6,751 shares during the quarter. Kathmere Capital Management LLC’s holdings in Banco Santander were worth $563,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Chevy Chase Trust Holdings LLC grew its holdings in 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 worth $79,566,000 after acquiring an additional 2,774,449 shares during the last quarter. Northern Trust Corp grew its holdings in Banco Santander by 6.3% during the 1st quarter. Northern Trust Corp now owns 11,457,741 shares of the bank’s stock worth $76,767,000 after acquiring an additional 682,480 shares during the last quarter. Citigroup Inc. grew its holdings in Banco Santander by 170.6% during the 1st quarter. Citigroup Inc. now owns 2,349,567 shares of the bank’s stock worth $15,742,000 after acquiring an additional 1,481,207 shares during the last quarter. QRG Capital Management Inc. grew its holdings in Banco Santander by 6.5% during the 1st quarter. QRG Capital Management Inc. now owns 1,935,314 shares of the bank’s stock worth $12,967,000 after acquiring an additional 118,508 shares during the last quarter. Finally, Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new stake in Banco Santander during the 1st quarter worth approximately $10,181,000. 9.19% of the stock is owned by institutional investors.

Banco Santander Stock Up 1.6%

Banco Santander stock opened at $10.38 on Friday. Banco Santander, S.A. has a 12-month low of $4.43 and a 12-month high of $10.40. The firm’s fifty day moving average is $9.48 and its 200 day moving average is $8.19. The company has a market capitalization of $154.51 billion, a PE ratio of 11.53, a PEG ratio of 0.85 and a beta of 1.08.

Banco Santander (NYSE:SAN) last released 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). Banco Santander had a net margin of 17.30% and a return on equity of 11.98%. The company had revenue of $17.83 billion for the quarter, compared to analyst estimates of $17.69 billion. Banco Santander has set its FY 2025 guidance at EPS. Sell-side analysts expect that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group upgraded shares of Banco Santander to a “strong-buy” rating in a research report on Thursday. Kepler Capital Markets downgraded shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Finally, Citigroup assumed coverage on shares of Banco Santander in a research report on Wednesday, June 4th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy”.

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.