Banco Santander, S.A. $SAN Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lessened its position in shares of Banco Santander, S.A. (NYSE:SAN) by 2.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 45,682 shares of the bank’s stock after selling 1,125 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Banco Santander were worth $379,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Sequoia Financial Advisors LLC raised its stake in shares of Banco Santander by 37.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 173,835 shares of the bank’s stock worth $1,443,000 after buying an additional 47,466 shares during the last quarter. Yousif Capital Management LLC raised its stake in shares of Banco Santander by 8.2% during the 2nd quarter. Yousif Capital Management LLC now owns 264,936 shares of the bank’s stock worth $2,199,000 after buying an additional 20,010 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Banco Santander by 4.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 118,743 shares of the bank’s stock worth $997,000 after buying an additional 5,336 shares during the last quarter. CWM LLC raised its stake in shares of Banco Santander by 6.5% during the 2nd quarter. CWM LLC now owns 33,942 shares of the bank’s stock worth $282,000 after buying an additional 2,085 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of Banco Santander by 19.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 713,288 shares of the bank’s stock worth $5,920,000 after buying an additional 114,468 shares during the last quarter. Institutional investors and hedge funds own 9.19% of the company’s stock.

Banco Santander Price Performance

SAN opened at $9.74 on Thursday. The stock has a market capitalization of $144.91 billion, a price-to-earnings ratio of 10.82, a price-to-earnings-growth ratio of 0.65 and a beta of 1.02. The business has a 50-day moving average of $9.89 and a two-hundred day moving average of $8.58. Banco Santander, S.A. has a 12 month low of $4.43 and a 12 month high of $10.50.

Banco Santander (NYSE:SAN) last posted its quarterly earnings results on Wednesday, July 30th. The bank reported $0.22 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.04). The business had revenue of $17.83 billion during the quarter, compared to analysts’ expectations of $17.69 billion. Banco Santander had a net margin of 17.30% and a return on equity of 11.98%. Banco Santander has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Banco Santander Dividend Announcement

The firm also recently declared a dividend, which will be paid on Thursday, November 6th. Shareholders of record on Friday, October 31st will be issued a $0.0956 dividend. The ex-dividend date is Friday, October 31st. This represents a yield of 196.0%. Banco Santander’s payout ratio is 20.00%.

Analyst Upgrades and Downgrades

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

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.