Wrapmanager Inc. Invests $90,000 in Banco Santander, S.A. $SAN

Wrapmanager Inc. purchased a new position in shares of Banco Santander, S.A. (NYSE:SAN) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 10,903 shares of the bank’s stock, valued at approximately $90,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Richardson Financial Services Inc. purchased a new position in shares of Banco Santander in the second quarter worth $25,000. Westside Investment Management Inc. bought a new position in shares of Banco Santander during the second quarter valued at approximately $30,000. Atlantic Union Bankshares Corp bought a new stake in Banco Santander in the second quarter valued at $30,000. Smithfield Trust Co purchased a new position in Banco Santander during the 2nd quarter valued at $30,000. Finally, Dogwood Wealth Management LLC bought a new position in Banco Santander in the 2nd quarter worth $33,000. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Weiss Ratings reiterated a “buy (b+)” rating on shares of Banco Santander in a research report on Wednesday, October 8th. The Goldman Sachs Group lowered Banco Santander from a “strong-buy” rating to a “strong sell” rating in a research report 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, Zacks Research raised 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 given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Banco Santander has an average rating of “Moderate Buy”.

Banco Santander Price Performance

Shares of NYSE:SAN opened at $10.74 on Friday. Banco Santander, S.A. has a 1 year low of $4.43 and a 1 year high of $11.13. The stock’s fifty day moving average price is $10.14 and its 200-day moving average price is $9.03. The company has a market cap of $159.79 billion, a P/E ratio of 11.42, a PEG ratio of 0.70 and a beta of 1.05.

Banco Santander (NYSE:SAN) last posted 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. On average, sell-side analysts anticipate that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Banco Santander Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, November 6th. Shareholders of record on Friday, October 31st were given 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 payout ratio is 19.15%.

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.