Blair William & Co. IL Invests $84,000 in Banco Santander, S.A. $SAN

Blair William & Co. IL purchased a new position in Banco Santander, S.A. (NYSE:SAN) during the 2nd quarter, HoldingsChannel reports. The fund purchased 10,156 shares of the bank’s stock, valued at approximately $84,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Flow Traders U.S. LLC lifted its stake in shares of Banco Santander by 390.2% in the first quarter. Flow Traders U.S. LLC now owns 176,881 shares of the bank’s stock worth $1,185,000 after buying an additional 140,800 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Banco Santander by 12.9% in the first quarter. PNC Financial Services Group Inc. now owns 299,177 shares of the bank’s stock worth $2,004,000 after buying an additional 34,248 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Banco Santander by 17.8% in the first quarter. Russell Investments Group Ltd. now owns 362,080 shares of the bank’s stock worth $2,426,000 after buying an additional 54,664 shares in the last quarter. OLD Mission Capital LLC lifted its stake in shares of Banco Santander by 46.4% in the first quarter. OLD Mission Capital LLC now owns 887,446 shares of the bank’s stock worth $5,946,000 after buying an additional 281,101 shares in the last quarter. Finally, Chevy Chase Trust Holdings LLC raised 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 worth $79,566,000 after purchasing an additional 2,774,449 shares during the period. 9.19% of the stock is owned by hedge funds and other institutional investors.

Banco Santander Price Performance

Shares of SAN opened at $9.77 on Monday. Banco Santander, S.A. has a 1-year low of $4.43 and a 1-year high of $10.50. The stock has a market cap of $145.43 billion, a PE ratio of 10.86, a P/E/G ratio of 0.67 and a beta of 1.02. The firm has a 50-day simple moving average of $9.87 and a two-hundred day simple moving average of $8.53.

Banco Santander (NYSE:SAN) last announced its quarterly earnings results 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 net margin of 17.30% and a return on equity of 11.98%. The company 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. As a group, sell-side analysts expect that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Banco Santander Announces Dividend

The business also recently declared 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. The ex-dividend date is Friday, October 31st. This represents a dividend yield of 196.0%. Banco Santander’s dividend payout ratio (DPR) is currently 20.00%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SAN. Kepler Capital Markets downgraded shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. The Goldman Sachs Group downgraded shares of Banco Santander from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Banco Santander in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold”.

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.