Traveka Wealth LLC Has $284,000 Holdings in Banco Santander, S.A. $SAN

Traveka Wealth LLC lowered its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 8.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,165 shares of the bank’s stock after selling 3,275 shares during the quarter. Traveka Wealth LLC’s holdings in Banco Santander were worth $284,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of SAN. Chevy Chase Trust Holdings LLC raised its position in shares of Banco Santander by 30.5% during the first quarter. Chevy Chase Trust Holdings LLC now owns 11,875,594 shares of the bank’s stock valued at $79,566,000 after buying an additional 2,774,449 shares during the last quarter. Northern Trust Corp raised its stake in shares of Banco Santander by 6.3% in the 1st quarter. Northern Trust Corp now owns 11,457,741 shares of the bank’s stock valued at $76,767,000 after buying an additional 682,480 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of Banco Santander by 170.6% during the 1st quarter. Citigroup Inc. now owns 2,349,567 shares of the bank’s stock worth $15,742,000 after acquiring an additional 1,481,207 shares during the period. QRG Capital Management Inc. increased its stake in Banco Santander by 6.5% in the first quarter. QRG Capital Management Inc. now owns 1,935,314 shares of the bank’s stock valued at $12,967,000 after acquiring an additional 118,508 shares during the period. Finally, Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new position in Banco Santander in the first quarter worth about $10,181,000. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander Stock Performance

Shares of SAN opened at $10.22 on Friday. The firm has a market capitalization of $152.05 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 0.84 and a beta of 1.08. Banco Santander, S.A. has a 52 week low of $4.43 and a 52 week high of $10.35. The business’s fifty day moving average price is $9.44 and its two-hundred day moving average price is $8.15.

Banco Santander (NYSE:SAN) last posted its quarterly earnings results on Wednesday, July 30th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.04). Banco Santander had a net margin of 17.30% and a return on equity of 11.98%. The firm had revenue of $17.83 billion during the quarter, compared to the consensus estimate of $17.69 billion. Banco Santander has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Banco Santander, S.A. will post 0.83 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on SAN shares. Citigroup began coverage on Banco Santander in a research note on Wednesday, June 4th. They set a “buy” rating for the company. Kepler Capital Markets cut shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Banco Santander currently has an average rating of “Moderate 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.