Ritholtz Wealth Management Buys 3,727 Shares of Banco Santander, S.A. $SAN

Ritholtz Wealth Management raised its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 1.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 387,164 shares of the bank’s stock after purchasing an additional 3,727 shares during the quarter. Ritholtz Wealth Management’s holdings in Banco Santander were worth $3,213,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SAN. Chevy Chase Trust Holdings LLC increased its stake in Banco Santander by 30.5% during the first quarter. Chevy Chase Trust Holdings LLC now owns 11,875,594 shares of the bank’s stock valued at $79,566,000 after acquiring an additional 2,774,449 shares during the period. Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new stake in shares of Banco Santander during the first quarter valued at approximately $10,181,000. Citigroup Inc. increased its position in shares of Banco Santander by 170.6% during the first quarter. Citigroup Inc. now owns 2,349,567 shares of the bank’s stock valued at $15,742,000 after purchasing an additional 1,481,207 shares during the period. Steamboat Capital Partners LLC bought a new stake in Banco Santander in the 1st quarter valued at $6,700,000. Finally, Northern Trust Corp increased its holdings in Banco Santander by 6.3% in the 1st quarter. Northern Trust Corp now owns 11,457,741 shares of the bank’s stock valued at $76,767,000 after buying an additional 682,480 shares during the period. 9.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Banco Santander Stock Down 0.6%

NYSE:SAN opened at $9.88 on Thursday. The firm has a market cap of $146.99 billion, a PE ratio of 10.97, a price-to-earnings-growth ratio of 0.79 and a beta of 1.02. Banco Santander, S.A. has a 12 month low of $4.43 and a 12 month high of $10.50. The company’s 50-day moving average price is $9.84 and its two-hundred day moving average price is $8.46.

Banco Santander (NYSE:SAN) last announced its 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 analyst estimates of $17.69 billion. Banco Santander had a return on equity of 11.98% and a net margin of 17.30%. Banco Santander has set its FY 2025 guidance at EPS. On average, research analysts expect that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Banco Santander Dividend Announcement

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

Banco Santander 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.