Genesis Private Wealth LLC Purchases New Position in Banco Santander, S.A. $SAN

Genesis Private Wealth LLC acquired a new position in Banco Santander, S.A. (NYSE:SAN) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,084 shares of the bank’s stock, valued at approximately $92,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wayfinding Financial LLC purchased a new position in shares of Banco Santander in the 1st quarter valued at approximately $28,000. TD Private Client Wealth LLC lifted its position 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 valued at $43,000 after buying an additional 4,304 shares during the period. Larson Financial Group LLC boosted its holdings in shares of Banco Santander by 63.2% during the 1st quarter. Larson Financial Group LLC now owns 9,532 shares of the bank’s stock valued at $64,000 after buying an additional 3,693 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Banco Santander by 271.2% in the 1st quarter. Jones Financial Companies Lllp now owns 10,276 shares of the bank’s stock worth $69,000 after buying an additional 7,508 shares during the period. Finally, Park Capital Management LLC WI bought a new position in shares of Banco Santander in the 1st quarter worth about $71,000. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on SAN. Citigroup initiated coverage on shares of Banco Santander in a research note on Wednesday, June 4th. They set a “buy” rating on the stock. Kepler Capital Markets downgraded Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Finally, The Goldman Sachs Group raised Banco Santander to a “strong-buy” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy”.

Banco Santander Stock Performance

NYSE SAN opened at $10.38 on Monday. Banco Santander, S.A. has a one year low of $4.43 and a one year high of $10.40. The stock has a 50-day moving average of $9.48 and a 200 day moving average of $8.20. The company has a market capitalization of $154.51 billion, a price-to-earnings ratio of 11.53, a PEG ratio of 0.85 and a beta of 1.08.

Banco Santander (NYSE:SAN) last posted its 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). 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. On average, equities analysts predict that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal 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.