Sagespring Wealth Partners LLC Buys 22,017 Shares of Banco Santander, S.A. $SAN

Sagespring Wealth Partners LLC grew its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 48.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,268 shares of the bank’s stock after buying an additional 22,017 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in Banco Santander were worth $558,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SAN. HBK Sorce Advisory LLC raised its holdings in shares of Banco Santander by 9.8% in the 1st quarter. HBK Sorce Advisory LLC now owns 19,206 shares of the bank’s stock valued at $129,000 after purchasing an additional 1,711 shares during the period. Foster Group Inc. raised its holdings in shares of Banco Santander by 11.9% in the 2nd quarter. Foster Group Inc. now owns 17,458 shares of the bank’s stock valued at $145,000 after purchasing an additional 1,860 shares during the period. CWM LLC raised its holdings in shares of Banco Santander by 6.5% in the 2nd quarter. CWM LLC now owns 33,942 shares of the bank’s stock valued at $282,000 after purchasing an additional 2,085 shares during the period. CogentBlue Wealth Advisors LLC raised its holdings in shares of Banco Santander by 13.3% in the 2nd quarter. CogentBlue Wealth Advisors LLC now owns 19,736 shares of the bank’s stock valued at $164,000 after purchasing an additional 2,315 shares during the period. Finally, May Hill Capital LLC raised 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 valued at $147,000 after acquiring an additional 2,481 shares during the period. Institutional investors and hedge funds own 9.19% of the company’s stock.

Banco Santander Stock Up 0.5%

Shares of NYSE:SAN opened at $9.92 on Friday. The company’s 50 day moving average price is $9.86 and its two-hundred day moving average price is $8.49. Banco Santander, S.A. has a 12-month low of $4.43 and a 12-month high of $10.50. The firm has a market cap of $147.66 billion, a PE ratio of 11.02, a PEG ratio of 0.68 and a beta of 1.02.

Banco Santander (NYSE:SAN) last announced its earnings results on Wednesday, July 30th. The bank reported $0.22 earnings per share (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 business had revenue of $17.83 billion for the quarter, compared to analyst estimates of $17.69 billion. 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 year.

Banco Santander Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have weighed in on SAN shares. Kepler Capital Markets cut shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Santander in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group raised shares of 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 given a Hold rating to the stock. According to MarketBeat, Banco Santander currently has a consensus rating of “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.