Independent Financial Group LLC Takes Position in Banco Santander, S.A. $SAN

Independent Financial Group LLC purchased a new position in shares of Banco Santander, S.A. (NYSE:SAN) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 41,420 shares of the bank’s stock, valued at approximately $467,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Whipplewood Advisors LLC purchased a new position in Banco Santander during the 1st quarter worth $28,000. Eagle Bay Advisors LLC purchased a new stake in shares of Banco Santander in the fourth quarter valued at about $31,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Banco Santander in the fourth quarter valued at about $34,000. Binnacle Investments Inc increased its stake in shares of Banco Santander by 96.2% during the third quarter. Binnacle Investments Inc now owns 3,227 shares of the bank’s stock worth $34,000 after acquiring an additional 1,582 shares during the period. Finally, Sound Income Strategies LLC raised its holdings in Banco Santander by 11,752.0% during the fourth quarter. Sound Income Strategies LLC now owns 2,963 shares of the bank’s stock worth $36,000 after purchasing an additional 2,938 shares in the last quarter. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SAN has been the topic of a number of analyst reports. Wall Street Zen lowered Banco Santander from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Weiss Ratings raised Banco Santander from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Tuesday, July 14th. Finally, Santander reissued a “buy” rating on shares of Banco Santander in a report on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Banco Santander Trading Down 3.9%

Shares of Banco Santander stock opened at $13.21 on Friday. The company has a 50-day moving average of $13.06 and a two-hundred day moving average of $12.36. Banco Santander, S.A. has a 12-month low of $8.29 and a 12-month high of $14.39. The stock has a market cap of $194.03 billion, a PE ratio of 10.74, a price-to-earnings-growth ratio of 0.77 and a beta of 0.72.

Banco Santander (NYSE:SAN) last announced its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). Banco Santander had a return on equity of 12.56% and a net margin of 26.94%.The firm had revenue of $17.93 billion for the quarter, compared to analysts’ expectations of $17.90 billion. On average, sell-side analysts forecast that Banco Santander, S.A. will post 1.14 EPS for the current fiscal year.

Trending Headlines about Banco Santander

Here are the key news stories impacting Banco Santander this week:

• Positive Sentiment: Banco Santander reported second-quarter profit that rose 3% year over year, helped by higher revenue and contributions from TSB, while reaffirming its 2026 targets. Reuters article
• Positive Sentiment: The bank said first-half underlying profit hit a record level, supported by customer growth, stronger lending volumes, and digital/AI-driven efficiency gains. PYMNTS article
• Positive Sentiment: Analyst sentiment was supportive, with UBS initiating or reiterating a Buy rating and Bank of America Securities maintaining a Hold, signaling continued interest in the stock after earnings. UBS note Bank of America note
• Positive Sentiment: Santander said the TSB acquisition added about four million customers, and it remains confident the Webster deal will close this year, underscoring its growth strategy. Bloomberg article Yahoo Finance article
• Neutral Sentiment: Santander also said it will not close additional branches before 2028, a move that may support customer retention but could limit near-term cost-cutting flexibility. MSN article
• Negative Sentiment: Despite the profit increase, quarterly EPS came in at $0.27 versus the $0.29 consensus, which likely disappointed some investors and may be contributing to the stock’s weakness. MarketBeat earnings report
• Negative Sentiment: Net profit was also pressured by restructuring charges tied to recent deals, including TSB and Poland, highlighting execution costs from Santander’s expansion strategy. WSJ article

About Banco Santander

Banco Santander, SA (NYSE: SAN) is a Spanish multinational banking group headquartered in Santander, Spain. Founded in 1857, the bank has grown from a regional institution into one of Europe’s largest banking groups, operating a diversified financial services platform that serves retail, small and medium-sized enterprises, and large corporate clients. Santander is publicly listed in Spain and maintains American Depositary Receipts on the New York Stock Exchange under the ticker SAN.

The group’s core activities include retail and commercial banking—offering deposit accounts, payment services, mortgages, personal and auto loans, and small business financing—alongside corporate and investment banking services for larger institutional clients.