Banco Santander, S.A. $SAN Shares Bought by QRG Capital Management Inc.

QRG Capital Management Inc. increased its position in Banco Santander, S.A. (NYSE:SAN) by 14.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,208,662 shares of the bank’s stock after buying an additional 273,348 shares during the period. QRG Capital Management Inc.’s holdings in Banco Santander were worth $18,332,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wayfinding Financial LLC purchased a new stake in Banco Santander in the 1st quarter worth approximately $28,000. Dogwood Wealth Management LLC purchased a new stake in shares of Banco Santander in the second quarter valued at $33,000. TD Private Client Wealth LLC increased its stake in Banco Santander by 478.8% in the second quarter. TD Private Client Wealth LLC now owns 5,203 shares of the bank’s stock valued at $43,000 after purchasing an additional 4,304 shares during the last quarter. Larson Financial Group LLC lifted its position in Banco Santander by 63.2% during the first quarter. Larson Financial Group LLC now owns 9,532 shares of the bank’s stock worth $64,000 after buying an additional 3,693 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in Banco Santander by 271.2% in the 1st quarter. Jones Financial Companies Lllp now owns 10,276 shares of the bank’s stock worth $69,000 after buying an additional 7,508 shares during the last quarter. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group upgraded shares of Banco Santander to a “strong-buy” rating in a report on Thursday, September 25th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Banco Santander in a research note on Saturday, September 27th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Banco Santander Stock Performance

Banco Santander stock opened at $10.29 on Friday. The firm has a market capitalization of $153.20 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 0.82 and a beta of 1.02. The stock’s 50 day moving average price is $9.64 and its 200 day moving average price is $8.31. Banco Santander, S.A. has a one year low of $4.43 and a one year high of $10.50.

Banco Santander (NYSE:SAN) last released its quarterly earnings results 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). Banco Santander had a net margin of 17.30% and a return on equity of 11.98%. The firm 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. On average, 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.