Rockefeller Capital Management L.P. Acquires 10,052 Shares of Banco Santander, S.A. $SAN

Rockefeller Capital Management L.P. grew its holdings in Banco Santander, S.A. (NYSE:SAN) by 9.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 122,364 shares of the bank’s stock after acquiring an additional 10,052 shares during the period. Rockefeller Capital Management L.P.’s holdings in Banco Santander were worth $1,016,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Richardson Financial Services Inc. bought a new position in Banco Santander in the 2nd quarter worth $25,000. Westside Investment Management Inc. purchased a new stake in Banco Santander in the second quarter worth about $30,000. Atlantic Union Bankshares Corp bought a new position in shares of Banco Santander in the second quarter worth about $30,000. Smithfield Trust Co purchased a new position in shares of Banco Santander during the 2nd quarter valued at about $30,000. Finally, Dogwood Wealth Management LLC bought a new position in shares of Banco Santander during the 2nd quarter valued at approximately $33,000. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. The Goldman Sachs Group downgraded shares of Banco Santander from a “strong-buy” rating to a “strong sell” rating in a report on Thursday, October 16th. Weiss Ratings restated a “buy (b+)” rating on shares of Banco Santander in a research note on Wednesday, October 8th. Zacks Research downgraded shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Finally, Kepler Capital Markets cut Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Banco Santander Stock Performance

SAN opened at $10.47 on Wednesday. The stock has a market capitalization of $155.77 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 0.70 and a beta of 1.05. The company has a fifty day moving average of $10.18 and a 200 day moving average of $9.20. Banco Santander, S.A. has a fifty-two week low of $4.43 and a fifty-two week high of $11.13.

Banco Santander (NYSE:SAN) last released its quarterly earnings data on Wednesday, October 29th. The bank reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). The company had revenue of $20.94 billion for 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, equities research analysts forecast that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Banco Santander Announces Dividend

The company also recently declared 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 was Friday, October 31st. Banco Santander’s dividend payout ratio (DPR) is currently 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.