Banco Santander, S.A. $SAN Shares Purchased by Naviter Wealth LLC

Naviter Wealth LLC increased its position in shares of Banco Santander, S.A. (NYSE:SAN) by 4.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 345,069 shares of the bank’s stock after acquiring an additional 14,476 shares during the quarter. Naviter Wealth LLC’s holdings in Banco Santander were worth $2,864,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. HBK Sorce Advisory LLC raised its holdings in Banco Santander by 9.8% in the 1st quarter. HBK Sorce Advisory LLC now owns 19,206 shares of the bank’s stock valued at $129,000 after buying an additional 1,711 shares during the period. Foster Group Inc. raised its holdings in Banco Santander by 11.9% in the 2nd quarter. Foster Group Inc. now owns 17,458 shares of the bank’s stock valued at $145,000 after buying an additional 1,860 shares during the period. CWM LLC raised its holdings in 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 buying an additional 2,085 shares during the period. CogentBlue Wealth Advisors LLC raised its holdings 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 during the period. Finally, May Hill Capital LLC raised its holdings in Banco Santander by 12.8% in the 1st quarter. May Hill Capital LLC now owns 21,917 shares of the bank’s stock valued at $147,000 after buying an additional 2,481 shares during the period. Institutional investors and hedge funds own 9.19% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SAN shares. The Goldman Sachs Group upgraded shares of Banco Santander to a “strong-buy” rating in a report on Thursday, September 25th. Kepler Capital Markets lowered shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Banco Santander in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Banco Santander has a consensus rating of “Buy”.

Banco Santander Stock Performance

Shares of Banco Santander stock opened at $10.06 on Tuesday. Banco Santander, S.A. has a one year low of $4.43 and a one year high of $10.50. The company has a market cap of $149.67 billion, a PE ratio of 11.17, a P/E/G ratio of 0.78 and a beta of 1.02. The business has a 50-day simple moving average of $9.80 and a 200-day simple moving average of $8.44.

Banco Santander (NYSE:SAN) last announced its quarterly earnings data on Wednesday, July 30th. The bank reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.04). Banco Santander had a return on equity of 11.98% and a net margin of 17.30%.The company had revenue of $17.83 billion for the quarter, compared to analyst estimates of $17.69 billion. Banco Santander has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Banco Santander Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Thursday, November 6th. Stockholders of record on Friday, October 31st will be given a dividend of $0.0956 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a dividend yield of 196.0%. Banco Santander’s payout ratio is currently 20.00%.

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.