Banco Santander: Q1 highlights & investment insights

Banco Santander, SA offers a range of financial services globally. The business is divided into four segments: PagoNxt, Wealth Management & Insurance, Santander Corporate & Investment Banking, and Retail Banking. In addition to mutual funds, demand and time deposits, current and savings accounts, mortgages, loans, and other financing options, it also provides corporate finance, debt capital markets, project finance, and global transaction banking services.

A closer look at Banco Santander, S.A. (SAN) Q1 results

Established in 1857, Banco Santander, S.A. (NYSE:SAN) is a multinational banking organisation that provides a wide range of financial services via specialised regional divisions. The company serves individuals, businesses, and institutions through its core operations in Europe and its ventures in North and South America.

With the launch of a digital consumer banking division that offers consumer finance and online banking services, the company has further increased its reach. This multifaceted strategy bolsters Banco Santander, S.A.’s (NYSE:SAN) standing as a major participant in the global financial sphere.

Atomi Financial Group Inc. holds $500,000 in Banco Santander, S.A. (NYSE) stock

According to the company’s most recent 13F filing with the Securities and Exchange Commission, Atomi Financial Group Inc. raised its stake , S.A. (NYSE:SAN) by 13.5% during the first quarter. After purchasing an additional 12,309 shares of the bank’s stock during the quarter, the fund now holds 103,395 shares. According to Atomi Financial Group Inc.’s most recent SEC filing, the value of its holdings in Banco Santander was $500,000.

The company’s stakes held by additional institutional investors have also increased or decreased. The fourth quarter saw Principal Securities Inc. purchase a $35,000 new stake in Banco Santander. In the fourth quarter, Glassman Wealth Services added 56.3% to its holdings of Banco Santander shares.

After buying an additional 3,444 shares of the bank’s stock during the most recent quarter, Glassman Wealth Services now owns 9,565 shares, valued at $40,000. In the first quarter, Financial Management Professionals Inc. increased its stake in shares by 1,853.0%.

Financial Management Professionals Inc. acquired 7,931 more shares of the bank’s stock during the period, for a total of 8,359 shares, valued at $40,000. During the fourth quarter, Riversedge Advisors LLC acquired a new stake in Banco Santander shares for approximately $42,000.

Lastly, in the fourth quarter, Coldstream Capital Management Inc. purchased a new stake in Banco Santander for roughly $42,000. Hedge funds and institutional investors currently hold 9.19% of the stock.

QRG Capital Management increases investment in Banco Santander

According to its most recent filing with the SEC, QRG Capital Management Inc. raised its stake in shares of Banco Santander, S.A. by 18.3% during the first quarter. After acquiring an additional 203,274 shares of the bank’s stock during the time, the company held 1,316,066 shares. As of its most recent SEC filing, QRG Capital Management Inc.’s holdings in Banco Santander were valued at $6,370,000.

Shares of SAN have been purchased and sold by a number of other institutional investors and hedge funds. During the first quarter, Sage Rhino Capital LLC increased its holdings in Banco Santander by 5.1%. After purchasing 2,485 more shares of the bank’s stock during the most recent quarter, Sage Rhino Capital LLC now owns 51,175 shares, valued at $248,000.

During the fourth quarter, OLD National Bancorp IN increased its stake in Banco Santander by 7.2%. After acquiring an additional 2,739 shares in the most recent quarter, OLD National Bancorp IN currently holds 40,521 shares of the bank’s stock, valued at $168,000. During the fourth quarter, Seven Mile Advisory increased its holdings in Banco Santander by 8.5%.

Following the purchase of 2,751 more shares in the most recent quarter, Seven Mile Advisory now owns 35,054 shares of the bank’s stock, valued at $145,000. During the fourth quarter, Valeo Financial Advisors LLC increased its ownership of Banco Santander shares by 7.1%. After purchasing 2,804 more shares of the bank’s stock during the most recent quarter, Valeo Financial Advisors LLC now owns 42,345 shares, valued at $175,000.

In conclusion, CWM LLC increased its ownership of Banco Santander shares by 10.4% in the fourth quarter. After purchasing an additional 2,896 shares of the bank’s stock during the most recent quarter, CWM LLC now owns 30,757 shares, valued at $127,000. 9.19% of the company’s shares are owned by institutional investors.

Banco Santander: Stock performance

Recently, shares of Banco Santander began trading at $4.79. The 50-day simple moving average of the company is $4.93, while the two-hundred-day simple moving average is $4.57. With a twelve-month low of $3.52 and a twelve-month high of $5.27, Banco Santander, S.A has a $75.80 billion market capitalisation, the stock has a 6.65 price-to-earnings ratio, a 0.44 price-to-earnings-growth ratio, and a beta of 1.16. The company’s debt-to-equity ratio is 13.96, its quick ratio is 0.35, and its current ratio is 2.27.

The most recent quarterly earnings results for Banco Santander were released on Tuesday, April 30. The bank’s quarterly earnings per share (EPS) of $0.18 was less than the $0.19 consensus estimate by ($0.01). With a 14.98% net margin and a 10.95% return on equity, Banco Santander was in good standing. During the quarter, the company brought in $16.34 billion in revenue. Analysts predict that for the current year, Banco Santander, S.A. will report an 0.82 EPS.

Banco Santander, S.A. (NYSE:SAN) had an outstanding first quarter of 2024, with net profit increasing 11% year over year. This was fuelled by strong results in each of their global businesses and customer growth throughout all regions. Revenue growth was almost double digits, and the efficiency ratio improved by 1.4 percentage points to 42.6%. The company is well-positioned to meet its 2024 goals thanks to its solid balance sheet and emphasis on technology.

Banco Santander, S.A.’s stock price targets indicate potential gains above the current market prices.

The price targets range from a high estimate of $6.96 to a low of $4.61, with an average price target of $6.01. Additionally, the consensus is positive as indicated by the 15 analysts who currently have the stock rated as a “Buy.”

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