Midwest Trust Co Takes $539,000 Position in Banco Santander, S.A. $SAN

Midwest Trust Co bought a new position in Banco Santander, S.A. (NYSE:SAN) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 64,947 shares of the bank’s stock, valued at approximately $539,000.

A number of other hedge funds also recently made changes to their positions in SAN. Cambridge Investment Research Advisors Inc. boosted its position in shares of Banco Santander by 55.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 29,707 shares of the bank’s stock valued at $199,000 after acquiring an additional 10,559 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Banco Santander by 7.0% during the first quarter. Bank of New York Mellon Corp now owns 715,939 shares of the bank’s stock valued at $4,797,000 after purchasing an additional 47,000 shares in the last quarter. M&T Bank Corp grew its stake in shares of Banco Santander by 5.0% in the 1st quarter. M&T Bank Corp now owns 107,030 shares of the bank’s stock valued at $717,000 after purchasing an additional 5,091 shares during the period. Cerity Partners LLC raised its holdings in shares of Banco Santander by 33.1% in the 1st quarter. Cerity Partners LLC now owns 815,834 shares of the bank’s stock worth $5,466,000 after buying an additional 202,809 shares in the last quarter. Finally, New York State Common Retirement Fund acquired a new stake in Banco Santander in the 1st quarter valued at $3,283,000. Institutional investors and hedge funds own 9.19% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Zacks Research raised Banco Santander from a “hold” rating to a “strong-buy” rating in a report on Monday, October 20th. 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. Kepler Capital Markets downgraded Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Banco Santander in a report on Wednesday, October 8th. One equities 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’s stock. According to MarketBeat, Banco Santander presently has a consensus rating of “Moderate Buy”.

Banco Santander Stock Performance

SAN opened at $10.78 on Wednesday. The company has a fifty day moving average price of $10.06 and a two-hundred day moving average price of $8.98. The firm has a market capitalization of $160.39 billion, a PE ratio of 11.46, a P/E/G ratio of 0.70 and a beta of 1.05. Banco Santander, S.A. has a 52 week low of $4.43 and a 52 week high of $10.81.

Banco Santander (NYSE:SAN) last posted its quarterly 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 during the quarter, compared to the consensus estimate of $15.32 billion. Banco Santander had a return on equity of 11.92% and a net margin of 17.90%. Banco Santander has set its FY 2025 guidance at EPS. Equities analysts forecast that Banco Santander, S.A. will post 0.83 EPS for the current year.

Banco Santander Dividend Announcement

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

Banco Santander 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.