Raymond James Financial Inc. Reduces Stock Position in Banco Santander, S.A. $SAN

Raymond James Financial Inc. reduced its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 8.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 666,560 shares of the bank’s stock after selling 61,278 shares during the period. Raymond James Financial Inc.’s holdings in Banco Santander were worth $4,466,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SAN. Wayfinding Financial LLC bought a new position in Banco Santander during the 1st quarter valued at $28,000. EP Wealth Advisors LLC acquired a new stake in shares of Banco Santander in the 4th quarter valued at about $55,000. Larson Financial Group LLC lifted its position in shares of 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 purchasing an additional 3,693 shares during the last quarter. Fulcrum Equity Management bought a new stake in Banco Santander in the fourth quarter valued at about $65,000. Finally, Northstar Financial Companies Inc. acquired a new stake in Banco Santander during the fourth quarter valued at approximately $70,000. Institutional investors own 9.19% of the company’s stock.

Banco Santander Stock Down 0.6%

Shares of NYSE:SAN opened at $9.53 on Friday. The company’s 50-day moving average price is $9.00 and its 200 day moving average price is $7.79. The company has a market cap of $141.78 billion, a PE ratio of 10.58, a P/E/G ratio of 1.07 and a beta of 1.08. Banco Santander, S.A. has a fifty-two week low of $4.43 and a fifty-two week high of $9.82.

Banco Santander (NYSE:SAN) last announced its quarterly earnings results on Wednesday, July 30th. The bank reported $0.22 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.04). The firm had revenue of $17.83 billion during 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. As a group, equities analysts anticipate that Banco Santander, S.A. will post 0.83 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on SAN shares. Kepler Capital Markets lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Wall Street Zen raised shares of Banco Santander from a “hold” rating to a “buy” rating in a report on Tuesday, May 13th. Finally, Citigroup initiated coverage on shares of Banco Santander in a research report on Wednesday, June 4th. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

About Banco Santander

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.