Genesis Private Wealth LLC Purchases Shares of 11,084 Banco Santander, S.A. $SAN

Genesis Private Wealth LLC bought a new position in Banco Santander, S.A. (NYSE:SAN) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 11,084 shares of the bank’s stock, valued at approximately $92,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Wayfinding Financial LLC bought a new position in Banco Santander in the 1st quarter worth $28,000. TD Private Client Wealth LLC lifted its position in shares of 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 acquiring an additional 4,304 shares in the last quarter. Larson Financial Group LLC boosted its stake in shares of Banco Santander by 63.2% in the first quarter. Larson Financial Group LLC now owns 9,532 shares of the bank’s stock worth $64,000 after acquiring an additional 3,693 shares during the period. Jones Financial Companies Lllp grew its position in shares of Banco Santander by 271.2% during the first quarter. Jones Financial Companies Lllp now owns 10,276 shares of the bank’s stock worth $69,000 after purchasing an additional 7,508 shares in the last quarter. Finally, Park Capital Management LLC WI bought a new stake in Banco Santander during the 1st quarter valued at approximately $71,000. 9.19% of the stock is owned by hedge funds and other institutional investors.

Banco Santander Stock Up 1.6%

SAN stock opened at $10.38 on Monday. Banco Santander, S.A. has a 52 week low of $4.43 and a 52 week high of $10.40. The firm has a market capitalization of $154.51 billion, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 0.85 and a beta of 1.08. The company has a fifty day simple moving average of $9.48 and a two-hundred day simple moving average of $8.20.

Banco Santander (NYSE:SAN) last released its quarterly earnings results on Wednesday, July 30th. The bank reported $0.22 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 company 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. As a group, analysts anticipate that Banco Santander, S.A. will post 0.83 EPS for the current year.

Analysts Set New Price Targets

SAN has been the subject of several recent analyst reports. Citigroup assumed coverage on Banco Santander in a research note on Wednesday, June 4th. They issued a “buy” rating for the company. The Goldman Sachs Group upgraded shares of Banco Santander to a “strong-buy” rating in a report on Thursday. Finally, Kepler Capital Markets downgraded shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “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.