Banco Santander, S.A. $SAN Stock Holdings Raised by QRG Capital Management Inc.

QRG Capital Management Inc. grew its stake in Banco Santander, S.A. (NYSE:SAN) by 14.1% during the second quarter, HoldingsChannel.com reports. The firm owned 2,208,662 shares of the bank’s stock after purchasing 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 hedge funds and other institutional investors have also recently bought and sold shares of the company. Flow Traders U.S. LLC lifted its holdings in Banco Santander by 390.2% during the 1st quarter. Flow Traders U.S. LLC now owns 176,881 shares of the bank’s stock worth $1,185,000 after buying an additional 140,800 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Banco Santander by 12.9% in the first quarter. PNC Financial Services Group Inc. now owns 299,177 shares of the bank’s stock worth $2,004,000 after purchasing an additional 34,248 shares during the period. GAMMA Investing LLC increased its stake in Banco Santander by 791.8% during the first quarter. GAMMA Investing LLC now owns 294,036 shares of the bank’s stock valued at $1,970,000 after purchasing an additional 261,066 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Banco Santander by 17.8% during the first quarter. Russell Investments Group Ltd. now owns 362,080 shares of the bank’s stock worth $2,426,000 after purchasing an additional 54,664 shares during the period. Finally, OLD Mission Capital LLC lifted its position in shares of Banco Santander by 46.4% in the 1st quarter. OLD Mission Capital LLC now owns 887,446 shares of the bank’s stock worth $5,946,000 after buying an additional 281,101 shares during the last quarter. 9.19% of the stock is owned by institutional investors.

Banco Santander Stock Performance

Shares of SAN stock opened at $10.29 on Friday. Banco Santander, S.A. has a 1 year low of $4.43 and a 1 year high of $10.50. 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 has a fifty day moving average of $9.64 and a two-hundred day moving average of $8.31.

Banco Santander (NYSE:SAN) last issued its quarterly earnings data 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). The company had revenue of $17.83 billion for the quarter, compared to the consensus estimate of $17.69 billion. Banco Santander had a net margin of 17.30% and a return on equity of 11.98%. Banco Santander has set its FY 2025 guidance at EPS. Equities research analysts predict that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

SAN has been the subject of a number of recent research reports. The Goldman Sachs Group raised shares of Banco Santander to a “strong-buy” rating in a research report on Thursday, September 25th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Banco Santander in a research report on Saturday, September 27th. Finally, Kepler Capital Markets lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Banco Santander 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.