Zions Bancorporation National Association UT Grows Position in Banco Santander, S.A. $SAN

Zions Bancorporation National Association UT grew its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 7,603.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 189,959 shares of the bank’s stock after purchasing an additional 187,493 shares during the quarter. Zions Bancorporation National Association UT’s holdings in Banco Santander were worth $1,577,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Chevy Chase Trust Holdings LLC boosted its holdings in Banco Santander by 22.0% in the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 14,482,986 shares of the bank’s stock worth $120,209,000 after buying an additional 2,607,392 shares during the period. Northern Trust Corp lifted its position in shares of Banco Santander by 6.3% during the first quarter. Northern Trust Corp now owns 11,457,741 shares of the bank’s stock worth $76,767,000 after acquiring an additional 682,480 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Banco Santander by 153.5% in the second quarter. Envestnet Asset Management Inc. now owns 3,001,256 shares of the bank’s stock worth $24,910,000 after acquiring an additional 1,817,192 shares during the period. Citigroup Inc. grew its position in shares of Banco Santander by 170.6% in 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 in the last quarter. Finally, QRG Capital Management Inc. raised its stake in shares of Banco Santander by 14.1% during the 2nd quarter. QRG Capital Management Inc. now owns 2,208,662 shares of the bank’s stock valued at $18,332,000 after purchasing an additional 273,348 shares during the period. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

Banco Santander Trading Up 0.5%

SAN stock opened at $10.35 on Monday. The company’s 50 day moving average is $10.01 and its 200 day moving average is $8.93. The stock has a market cap of $153.99 billion, a price-to-earnings ratio of 11.01, a price-to-earnings-growth ratio of 0.70 and a beta of 1.05. Banco Santander, S.A. has a 1-year low of $4.43 and a 1-year high of $10.50.

Banco Santander (NYSE:SAN) last announced its earnings results on Wednesday, October 29th. The bank reported $0.23 earnings per share (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 the consensus estimate 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. As a group, sell-side analysts forecast that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Banco Santander Announces Dividend

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

Wall Street Analyst Weigh In

SAN has been the subject of several analyst reports. Weiss Ratings restated a “buy (b+)” rating on shares of Banco Santander in a research note on Wednesday, October 8th. Kepler Capital Markets lowered shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. The Goldman Sachs Group cut shares of Banco Santander from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday, October 16th. Finally, Zacks Research upgraded shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Banco Santander currently has a consensus 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.