Integrated Quantitative Investments LLC Has $4.42 Million Stock Holdings in Banco Santander, S.A. $SAN

Integrated Quantitative Investments LLC raised its holdings in Banco Santander, S.A. (NYSE:SAN) by 8.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 532,304 shares of the bank’s stock after buying an additional 42,304 shares during the quarter. Banco Santander accounts for approximately 1.3% of Integrated Quantitative Investments LLC’s holdings, making the stock its 4th biggest holding. Integrated Quantitative Investments LLC’s holdings in Banco Santander were worth $4,418,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Foster Group Inc. raised its position in Banco Santander by 11.9% in the second quarter. Foster Group Inc. now owns 17,458 shares of the bank’s stock worth $145,000 after purchasing an additional 1,860 shares in the last quarter. CWM LLC grew its stake in shares of Banco Santander by 6.5% in the 2nd quarter. CWM LLC now owns 33,942 shares of the bank’s stock valued at $282,000 after purchasing an additional 2,085 shares during the period. Addison Advisors LLC raised its holdings in shares of Banco Santander by 17.5% in the 2nd quarter. Addison Advisors LLC now owns 14,132 shares of the bank’s stock worth $117,000 after buying an additional 2,105 shares in the last quarter. May Hill Capital LLC lifted its position in shares of Banco Santander by 10.3% during the 2nd quarter. May Hill Capital LLC now owns 24,166 shares of the bank’s stock worth $201,000 after buying an additional 2,249 shares during the period. Finally, CogentBlue Wealth Advisors LLC boosted its stake in Banco Santander by 13.3% in the 2nd quarter. CogentBlue Wealth Advisors LLC now owns 19,736 shares of the bank’s stock valued at $164,000 after buying an additional 2,315 shares in the last quarter. 9.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SAN. Zacks Research upgraded shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. Kepler Capital Markets lowered shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Banco Santander in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group downgraded Banco Santander from a “strong-buy” rating to a “strong sell” rating in a report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Banco Santander currently has an average rating of “Moderate Buy”.

Banco Santander Price Performance

Shares of Banco Santander stock opened at $10.74 on Friday. The firm has a 50 day simple moving average of $10.14 and a 200 day simple moving average of $9.04. Banco Santander, S.A. has a fifty-two week low of $4.43 and a fifty-two week high of $11.13. The firm has a market cap of $159.79 billion, a P/E ratio of 11.42, a P/E/G ratio of 0.70 and a beta of 1.05.

Banco Santander (NYSE:SAN) last announced its quarterly earnings data on Wednesday, October 29th. The bank reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The firm had revenue of $17.80 billion during the quarter, compared to the consensus estimate of $15.32 billion. Banco Santander had a net margin of 17.90% and a return on equity of 11.92%. Banco Santander has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Banco Santander, S.A. will post 0.83 EPS for the current year.

Banco Santander Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, November 6th. Shareholders of record on Friday, October 31st were issued a dividend of $0.0956 per share. This represents a yield of 263.0%. The ex-dividend date of this dividend was Friday, October 31st. Banco Santander’s payout ratio is currently 19.15%.

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.