Optas LLC Has $235,000 Holdings in Banco Santander, S.A. $SAN

Optas LLC boosted its stake in Banco Santander, S.A. (NYSE:SAN) by 27.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,290 shares of the bank’s stock after purchasing an additional 6,098 shares during the quarter. Optas LLC’s holdings in Banco Santander were worth $235,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SAN. Wayfinding Financial LLC acquired a new position in Banco Santander during the first quarter worth about $28,000. Dogwood Wealth Management LLC acquired a new position in Banco Santander during the second quarter worth about $33,000. TD Private Client Wealth LLC raised its stake in Banco Santander by 478.8% during the second quarter. TD Private Client Wealth LLC now owns 5,203 shares of the bank’s stock worth $43,000 after acquiring an additional 4,304 shares in the last quarter. Larson Financial Group LLC raised its stake in Banco Santander by 63.2% during 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 in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in 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 acquiring an additional 7,508 shares in the last quarter. Institutional investors and hedge funds own 9.19% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Santander in a research note on Wednesday. The Goldman Sachs Group raised Banco Santander to a “strong-buy” rating in a research note on Thursday, September 25th. Finally, Kepler Capital Markets downgraded Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Banco Santander has a consensus rating of “Buy”.

Banco Santander Stock Performance

NYSE:SAN opened at $9.76 on Friday. The company has a market capitalization of $145.21 billion, a PE ratio of 10.84, a P/E/G ratio of 0.80 and a beta of 1.02. The company has a 50 day simple moving average of $9.77 and a two-hundred day simple moving average of $8.40. Banco Santander, S.A. has a fifty-two week low of $4.43 and a fifty-two week high of $10.50.

Banco Santander (NYSE:SAN) last released its earnings results 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 firm had revenue of $17.83 billion for the quarter, compared to analyst estimates 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. Research 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.