Blue Trust Inc. Has $119,000 Stock Holdings in Banco Santander, S.A. $SAN

Blue Trust Inc. grew its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 34.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,284 shares of the bank’s stock after purchasing an additional 3,691 shares during the quarter. Blue Trust Inc.’s holdings in Banco Santander were worth $119,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. HBK Sorce Advisory LLC increased its holdings in shares of Banco Santander by 9.8% during the 1st quarter. HBK Sorce Advisory LLC now owns 19,206 shares of the bank’s stock worth $129,000 after acquiring an additional 1,711 shares during the last quarter. Foster Group Inc. raised its holdings in shares of Banco Santander by 11.9% during the 2nd quarter. Foster Group Inc. now owns 17,458 shares of the bank’s stock worth $145,000 after buying an additional 1,860 shares in the last quarter. CogentBlue Wealth Advisors LLC raised its holdings in shares of Banco Santander by 13.3% during the 2nd quarter. CogentBlue Wealth Advisors LLC now owns 19,736 shares of the bank’s stock worth $164,000 after buying an additional 2,315 shares in the last quarter. May Hill Capital LLC increased 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 worth $147,000 after purchasing an additional 2,481 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its holdings in Banco Santander by 3.7% in the 1st quarter. Integrated Wealth Concepts LLC now owns 71,990 shares of the bank’s stock worth $482,000 after purchasing an additional 2,566 shares in the last quarter. Institutional investors and hedge funds own 9.19% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SAN. Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Santander in a research note on Wednesday, October 8th. Kepler Capital Markets lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Finally, The Goldman Sachs Group upgraded Banco Santander to a “strong-buy” rating in a report on Thursday, September 25th. One research 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 stock. Based on data from MarketBeat.com, Banco Santander presently has an average rating of “Buy”.

Banco Santander Price Performance

NYSE:SAN opened at $9.92 on Friday. The business has a fifty day simple moving average of $9.86 and a two-hundred day simple moving average of $8.49. Banco Santander, S.A. has a 1 year low of $4.43 and a 1 year high of $10.50. The company has a market capitalization of $147.66 billion, a P/E ratio of 11.02, a P/E/G ratio of 0.68 and a beta of 1.02.

Banco Santander (NYSE:SAN) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $17.69 billion. Banco Santander has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Banco Santander, S.A. will post 0.83 earnings per share for the current 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 issued a $0.0956 dividend. The ex-dividend date 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.