Banco Santander, S.A. $SAN Shares Sold by Ellevest Inc.

Ellevest Inc. lessened its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 28.1% in the second quarter, HoldingsChannel reports. The fund owned 29,485 shares of the bank’s stock after selling 11,508 shares during the period. Ellevest Inc.’s holdings in Banco Santander were worth $245,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Richardson Financial Services Inc. bought a new stake in shares of Banco Santander during the second quarter valued at about $25,000. Westside Investment Management Inc. acquired a new position in Banco Santander during the 2nd quarter valued at about $30,000. Dogwood Wealth Management LLC bought a new stake in shares of Banco Santander during the 2nd quarter worth about $33,000. Whipplewood Advisors LLC lifted its stake in shares of Banco Santander by 35,550.0% in the 2nd quarter. Whipplewood Advisors LLC now owns 4,991 shares of the bank’s stock worth $41,000 after acquiring an additional 4,977 shares during the period. Finally, TD Private Client Wealth LLC boosted its holdings in shares of 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 acquiring an additional 4,304 shares in the last quarter. 9.19% of the stock is owned by institutional investors and hedge funds.

Banco Santander Stock Up 0.7%

SAN opened at $10.30 on Friday. The business has a fifty day simple moving average of $10.00 and a 200-day simple moving average of $8.88. The firm has a market cap of $153.26 billion, a PE ratio of 10.95, a P/E/G ratio of 0.70 and a beta of 1.05. Banco Santander, S.A. has a fifty-two week low of $4.43 and a fifty-two week high of $10.50.

Banco Santander (NYSE:SAN) last announced its earnings results 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 $17.80 billion for the quarter, compared to analysts’ expectations 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 anticipate that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Banco Santander Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, November 6th. Stockholders of record on Friday, October 31st were issued a dividend of $0.0956 per share. The ex-dividend date was Friday, October 31st. This represents a dividend yield of 263.0%. Banco Santander’s payout ratio is currently 19.15%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Zacks Research upgraded Banco Santander from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 20th. Weiss Ratings restated a “buy (b+)” rating on shares of Banco Santander in a report on Wednesday, October 8th. Kepler Capital Markets lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Finally, The Goldman Sachs Group cut shares of Banco Santander from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, three have given 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 has an average rating of “Moderate 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.