Steamboat Capital Partners LLC decreased its holdings in shares of Banco Santander, S.A. (NYSE:SAN – Free Report) by 33.3% during the second quarter, Holdings Channel.com reports. The firm owned 600,166 shares of the bank’s stock after selling 299,834 shares during the period. Banco Santander accounts for about 1.8% of Steamboat Capital Partners LLC’s portfolio, making the stock its 22nd largest position. Steamboat Capital Partners LLC’s holdings in Banco Santander were worth $8,282,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently made changes to their positions in SAN. Acumen Wealth Advisors LLC grew its position in Banco Santander by 117.9% in the first quarter. Acumen Wealth Advisors LLC now owns 2,308 shares of the bank’s stock worth $26,000 after acquiring an additional 1,249 shares in the last quarter. Whipplewood Advisors LLC bought a new position in shares of Banco Santander during the 1st quarter valued at approximately $28,000. Financial Management Professionals Inc. lifted its position in Banco Santander by 151.1% in the second quarter. Financial Management Professionals Inc. now owns 2,471 shares of the bank’s stock worth $34,000 after buying an additional 1,487 shares during the last quarter. Compass Financial Management LLC purchased a new position in Banco Santander during the second quarter worth $34,000. Finally, Continuum Advisory LLC purchased a new stake in shares of Banco Santander in the second quarter valued at $38,000. 9.19% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on the stock. Weiss Ratings lowered shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday, July 29th. Santander reissued a “buy” rating on shares of Banco Santander in a research report on Tuesday, June 23rd. Finally, Wall Street Zen lowered Banco Santander from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Six analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.
Banco Santander Trading Down 0.5%
NYSE:SAN opened at $14.86 on Wednesday. The company has a market cap of $218.21 billion, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 0.74 and a beta of 0.74. Banco Santander, S.A. has a twelve month low of $9.62 and a twelve month high of $15.05. The stock has a fifty day simple moving average of $14.24 and a 200-day simple moving average of $12.86.
Banco Santander (NYSE:SAN – Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). Banco Santander had a return on equity of 12.43% and a net margin of 26.94%.The company had revenue of $17.93 billion during the quarter, compared to the consensus estimate of $17.90 billion. As a group, equities research analysts predict that Banco Santander, S.A. will post 1.25 EPS for the current fiscal year.
Banco Santander Profile
Banco Santander, SA is a global banking group headquartered in Santander, Spain. Founded in 1857, the company provides financial products and services to individuals, businesses, institutions and governments through its banking operations in Europe, North America and South America.
Its principal activities include retail and commercial banking, consumer finance, corporate and investment banking, private banking, asset management, insurance and payment services. Santander offers products such as current and savings accounts, mortgages, personal loans, credit cards, business financing, investment products and digital banking services.
The group operates through established franchises in markets including Spain, the United Kingdom, Portugal, Poland, Brazil, Mexico, Chile, Argentina and the United States.
Featured Stories
- Five stocks we like better than Banco Santander
- Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected
- Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock
- Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement
- Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For
Want to see what other hedge funds are holding SAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Banco Santander, S.A. (NYSE:SAN – Free Report).
Receive News & Ratings for Banco Santander Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Santander and related companies with MarketBeat.com's FREE daily email newsletter.
