Banco Santander, S.A. $SAN Shares Purchased by West Family Investments Inc.

West Family Investments Inc. boosted its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 142.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,221 shares of the bank’s stock after buying an additional 28,331 shares during the quarter. West Family Investments Inc.’s holdings in Banco Santander were worth $400,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the company. Chevy Chase Trust Holdings LLC grew its holdings in shares of Banco Santander by 22.0% in the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 14,482,986 shares of the bank’s stock worth $120,209,000 after acquiring an additional 2,607,392 shares during the period. Northern Trust Corp boosted its position in Banco Santander by 6.3% during the first quarter. Northern Trust Corp now owns 11,457,741 shares of the bank’s stock worth $76,767,000 after purchasing an additional 682,480 shares in the last quarter. American Century Companies Inc. grew its holdings in Banco Santander by 9.5% in the second quarter. American Century Companies Inc. now owns 3,614,912 shares of the bank’s stock valued at $30,004,000 after purchasing an additional 315,032 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Banco Santander by 153.5% in the second quarter. Envestnet Asset Management Inc. now owns 3,001,256 shares of the bank’s stock valued at $24,910,000 after buying an additional 1,817,192 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Banco Santander by 29.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,859,097 shares of the bank’s stock worth $23,731,000 after buying an additional 654,503 shares during the last quarter. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on SAN. Weiss Ratings restated a “buy (b+)” rating on shares of Banco Santander in a report on Wednesday, October 8th. Zacks Research cut shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Finally, The Goldman Sachs Group downgraded Banco Santander from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, October 16th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Banco Santander Price Performance

Shares of NYSE SAN opened at $10.72 on Friday. The company has a market cap of $159.57 billion, a PE ratio of 11.40, a price-to-earnings-growth ratio of 0.70 and a beta of 1.05. The company has a 50-day simple moving average of $10.21 and a 200-day simple moving average of $9.26. Banco Santander, S.A. has a 12 month low of $4.43 and a 12 month high of $11.13.

Banco Santander (NYSE:SAN) last announced its earnings results on Wednesday, October 29th. The bank reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The firm had revenue of $20.94 billion for the quarter, compared to analyst estimates of $15.32 billion. Banco Santander had a return on equity of 11.92% and a net margin of 17.90%. Banco Santander has set its FY 2025 guidance at EPS. On average, analysts anticipate that Banco Santander, S.A. will post 0.83 EPS for the current year.

Banco Santander Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, November 6th. Investors of record on Friday, October 31st were paid a $0.0956 dividend. This represents a yield of 263.0%. The ex-dividend date was Friday, October 31st. Banco Santander’s dividend payout ratio is presently 19.15%.

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.