Banco Santander (NYSE:SAN) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Banco Santander (NYSE:SAN) posted its earnings results on Tuesday. The bank reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.03, FiscalAI reports. The firm had revenue of $18.90 billion during the quarter, compared to the consensus estimate of $15.89 billion. Banco Santander had a net margin of 17.90% and a return on equity of 11.68%.

Banco Santander Stock Performance

Shares of NYSE SAN traded down $0.97 during trading on Tuesday, reaching $12.09. The stock had a trading volume of 38,023,961 shares, compared to its average volume of 4,906,738. The stock has a market cap of $179.95 billion, a PE ratio of 12.90, a P/E/G ratio of 0.76 and a beta of 0.73. Banco Santander has a one year low of $5.06 and a one year high of $13.11. The firm’s 50 day moving average price is $11.77 and its two-hundred day moving average price is $10.48.

Institutional Investors Weigh In On Banco Santander

A number of institutional investors have recently modified their holdings of SAN. Lazard Asset Management LLC raised its stake in shares of Banco Santander by 2,038,075.5% in the 2nd quarter. Lazard Asset Management LLC now owns 7,643,158 shares of the bank’s stock worth $63,438,000 after buying an additional 7,642,783 shares in the last quarter. Raymond James Financial Inc. raised its position in Banco Santander by 225.3% in the third quarter. Raymond James Financial Inc. now owns 4,100,768 shares of the bank’s stock worth $42,976,000 after acquiring an additional 2,840,145 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Banco Santander by 68.5% during the 2nd quarter. Bank of America Corp DE now owns 4,778,086 shares of the bank’s stock valued at $39,658,000 after purchasing an additional 1,942,579 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Banco Santander by 8.5% in the third quarter. Northern Trust Corp now owns 12,844,029 shares of the bank’s stock valued at $134,605,000 after buying an additional 1,000,811 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its position in shares of Banco Santander by 95.5% in the 2nd quarter. Quantinno Capital Management LP now owns 925,021 shares of the bank’s stock valued at $7,678,000 after purchasing an additional 451,974 shares during the period. Institutional investors own 9.19% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SAN. DZ Bank cut Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 18th. UBS Group lowered shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. Kepler Capital Markets upgraded Banco Santander from a “hold” rating to a “buy” rating in a report on Tuesday, January 13th. Barclays lowered shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, Zacks Research lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

About Banco Santander

Banco Santander, SA (NYSE: SAN) is a Spanish multinational banking group headquartered in Santander, Spain. Founded in 1857, the bank has grown from a regional institution into one of Europe’s largest banking groups, operating a diversified financial services platform that serves retail, small and medium-sized enterprises, and large corporate clients. Santander is publicly listed in Spain and maintains American Depositary Receipts on the New York Stock Exchange under the ticker SAN.

The group’s core activities include retail and commercial banking—offering deposit accounts, payment services, mortgages, personal and auto loans, and small business financing—alongside corporate and investment banking services for larger institutional clients.