5 Best European Bank Stocks To Invest In

In this piece, we will take a look at the five best European bank stocks to invest in. If you want to learn more about why high interest rate are great for banks, then check out 10 Best European Bank Stocks To Invest In.

5. ING Groep N.V. (NYSE:ING)

Number of Hedge Fund Investors In Q2 2023: 15

ING Groep N.V. (NYSE:ING) is a Dutch bank headquartered in Amsterdam, the Netherlands. It has operations in Europe, the Americas, Asia, and Australia. The firm, along with other EU banks, is currently facing some trouble as higher reserve requirements by the European Central Bank (ECB) are threatening to drive investors away.

During Q2 2023, 15 out of the 910 hedge funds profiled by Insider Monkey had held a stake in ING Groep N.V. (NYSE:ING). Out of these, the firm’s largest shareholder is Israel Englander’s Millennium Management since it owns 609,608 shares that are worth $8.2 million.

4. Banco Santander, S.A. (NYSE:SAN)

Number of Hedge Fund Investors In Q2 2023: 16

Banco Santander, S.A. (NYSE:SAN) is a Spanish bank with corporate, investment banking, retail, and other business divisions. It is the largest lender in Spain, and the firm was out with some good news for investors in October as it confirmed that it was on track to meet its 2023 income targets on the back of higher interest rates.

As of June 2023, 16 out of the 910 hedge funds tracked by Insider Monkey were the bank’s investors. Banco Santander, S.A. (NYSE:SAN)’s biggest hedge fund stakeholder is Ken Fisher’s Fisher Asset Management through its $573 million investment.

3. Deutsche Bank Aktiengesellschaft (NYSE:DB)

Number of Hedge Fund Investors In Q2 2023: 19

Deutsche Bank Aktiengesellschaft (NYSE:DB) is one of Germany’s largest banks. The firm’s third quarter earnings proved to be quite eventful for investors, as it shared plans to pay out as much as €3 billion in shareholder payouts to help stabilize the share price.

For their second quarter of 2023 shareholdings, 19 among the 910 hedge funds tracked by Insider Monkey had invested in Deutsche Bank Aktiengesellschaft (NYSE:DB). Douglas Braunstein and James Woolery’s Hudson Executive Capital owns the largest stake among these, which is worth $707 million.

2. Janus Henderson Group plc (NYSE:JHG)

Number of Hedge Fund Investors In Q2 2023: 28

Janus Henderson Group plc (NYSE:JHG) is an asset manager that provides fund management services to retail and institutional investors. Like other large asset managers, the firm has had to contend with a large volume of outflows from its funds during the currently turbulent market environment.

After digging through 910 hedge fund shareholdings for this year’s June quarter, Insider Monkey found that 28 had bought the firm’s shares. Janus Henderson Group plc (NYSE:JHG)’s biggest shareholder is Nelson Peltz’s Trian Partners as it owns $868 million worth of shares.

1. UBS Group AG (NYSE:UBS)

Number of Hedge Fund Investors In Q2 2023: 33

UBS Group AG (NYSE:UBS) is a diversified Swiss bank that was set up in 1862. After having acquired the troubled Swiss bank Credit Suisse earlier this year amidst worries of a European banking contagion, the firm’s stock scored a win in October after RBC Capital upgraded its shares to Outperform from Sector Perform and upgraded its share price target to ₣30 from ₣H20.

33 out of the 910 hedge funds part of Insider Monkey’s Q2 2023 database had invested in UBS Group AG (NYSE:UBS). Richard S. Pzena’s Pzena Investment Management owns the largest stake out of these, which is worth $124 million and comes via 6.1 million shares.

Disclosure: None. You can also take a look at 12 Defensive Healthcare Dividend Stocks To Invest In and Top 15 Tech Trends In 2023.

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