Smartleaf Asset Management LLC Sells 6,433 Shares of Banco Santander, S.A. $SAN

Smartleaf Asset Management LLC trimmed its stake in Banco Santander, S.A. (NYSE:SAN) by 6.1% during the first quarter, Holdings Channel reports. The fund owned 98,982 shares of the bank’s stock after selling 6,433 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Banco Santander were worth $672,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Wayfinding Financial LLC bought a new position in shares of Banco Santander in the 1st quarter valued at approximately $28,000. WealthCollab LLC raised its stake in shares of Banco Santander by 35.1% in the 4th quarter. WealthCollab LLC now owns 7,801 shares of the bank’s stock valued at $36,000 after acquiring an additional 2,028 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of Banco Santander by 63.2% in the 1st quarter. Larson Financial Group LLC now owns 9,532 shares of the bank’s stock valued at $64,000 after acquiring an additional 3,693 shares in the last quarter. Park Capital Management LLC WI bought a new position in shares of Banco Santander in the 1st quarter valued at approximately $71,000. Finally, Insight Advisors LLC PA bought a new position in shares of Banco Santander in the 1st quarter valued at approximately $73,000. 9.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Citigroup assumed coverage on Banco Santander in a research report on Wednesday, June 4th. They issued a “buy” rating on the stock. Kepler Capital Markets downgraded Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Finally, Wall Street Zen raised Banco Santander from a “hold” rating to a “buy” rating in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Banco Santander Trading Up 2.0%

Shares of NYSE:SAN opened at $9.7650 on Monday. Banco Santander, S.A. has a 1-year low of $4.43 and a 1-year high of $9.82. The firm has a market capitalization of $145.36 billion, a PE ratio of 10.85, a PEG ratio of 1.10 and a beta of 1.06. The business’s 50 day moving average is $8.71 and its 200-day moving average is $7.56.

Banco Santander (NYSE:SAN) last announced its quarterly earnings data on Wednesday, July 30th. The bank reported $0.22 earnings per share 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 firm had revenue of $17.83 billion for the quarter, compared to analyst estimates of $17.69 billion. Banco Santander has set its FY 2025 guidance at EPS. On average, sell-side analysts predict 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.