Werba Rubin Papier Wealth Management Acquires New Shares in Banco Santander, S.A. $SAN

Werba Rubin Papier Wealth Management acquired a new stake in Banco Santander, S.A. (NYSE:SAN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,117 shares of the bank’s stock, valued at approximately $84,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. purchased a new stake in Banco Santander in the second quarter valued at approximately $25,000. Dogwood Wealth Management LLC purchased a new stake in Banco Santander in the second quarter valued at approximately $33,000. Wayfinding Financial LLC purchased a new stake in Banco Santander in the first quarter valued at approximately $28,000. TD Private Client Wealth LLC raised its position in Banco Santander by 478.8% in the second quarter. TD Private Client Wealth LLC now owns 5,203 shares of the bank’s stock valued at $43,000 after purchasing an additional 4,304 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new stake in Banco Santander in the second quarter valued at approximately $69,000. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on SAN shares. Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Santander in a research report on Wednesday, October 8th. Kepler Capital Markets lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Finally, The Goldman Sachs Group raised Banco Santander to a “strong-buy” rating in a research 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 company. According to MarketBeat, the stock has an average rating of “Buy”.

Banco Santander Trading Up 0.5%

Banco Santander stock opened at $9.92 on Friday. Banco Santander, S.A. has a twelve month low of $4.43 and a twelve month high of $10.50. The stock’s fifty day simple moving average is $9.86 and its 200-day simple moving average is $8.49. The firm 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 data on Wednesday, July 30th. The bank reported $0.22 earnings per share 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 for the quarter, compared to analysts’ expectations of $17.69 billion. Banco Santander has set its FY 2025 guidance at EPS. Sell-side analysts predict that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Banco Santander Announces Dividend

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