GAMMA Investing LLC Boosts Stake in Banco Santander, S.A. $SAN

GAMMA Investing LLC lifted its holdings in Banco Santander, S.A. (NYSE:SAN) by 34.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,966 shares of the bank’s stock after buying an additional 15,080 shares during the quarter. GAMMA Investing LLC’s holdings in Banco Santander were worth $489,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Chevy Chase Trust Holdings LLC boosted its stake in shares of Banco Santander by 30.5% in 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 buying an additional 2,774,449 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Banco Santander by 6.3% in the first quarter. Northern Trust Corp now owns 11,457,741 shares of the bank’s stock valued at $76,767,000 after buying an additional 682,480 shares in the last quarter. Citigroup Inc. boosted its stake in shares of Banco Santander by 170.6% in the first 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 in the last quarter. QRG Capital Management Inc. raised its holdings in Banco Santander by 6.5% during the first quarter. QRG Capital Management Inc. now owns 1,935,314 shares of the bank’s stock worth $12,967,000 after purchasing an additional 118,508 shares during the last quarter. Finally, Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new position in Banco Santander during the first quarter worth $10,181,000. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Kepler Capital Markets cut Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Citigroup assumed coverage on Banco Santander in a report on Wednesday, June 4th. They set a “buy” rating for the company. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Banco Santander Stock Down 0.7%

NYSE SAN opened at $10.22 on Friday. Banco Santander, S.A. has a fifty-two week low of $4.43 and a fifty-two week high of $10.35. The stock has a market cap of $152.05 billion, a price-to-earnings ratio of 11.35, a price-to-earnings-growth ratio of 0.84 and a beta of 1.08. The business has a fifty day moving average of $9.44 and a 200-day moving average of $8.15.

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 return on equity of 11.98% and a net margin of 17.30%.The company had revenue of $17.83 billion during the quarter, compared to analyst estimates of $17.69 billion. Banco Santander has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Banco Santander, S.A. will post 0.83 EPS for the current 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.