Vestmark Advisory Solutions Inc. Has $3.80 Million Stock Position in Banco Santander, S.A. $SAN

Vestmark Advisory Solutions Inc. cut its holdings in Banco Santander, S.A. (NYSE:SAN) by 8.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 457,832 shares of the bank’s stock after selling 40,668 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Banco Santander were worth $3,800,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Flow Traders U.S. LLC increased its position in Banco Santander by 390.2% in the 1st quarter. Flow Traders U.S. LLC now owns 176,881 shares of the bank’s stock valued at $1,185,000 after acquiring an additional 140,800 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Banco Santander by 12.9% during the first quarter. PNC Financial Services Group Inc. now owns 299,177 shares of the bank’s stock worth $2,004,000 after purchasing an additional 34,248 shares during the period. Russell Investments Group Ltd. grew 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 purchasing an additional 54,664 shares during the last quarter. Pekin Hardy Strauss Inc. increased its holdings in Banco Santander by 104.3% in the second quarter. Pekin Hardy Strauss Inc. now owns 241,250 shares of the bank’s stock valued at $2,002,000 after purchasing an additional 123,150 shares during the period. Finally, OLD Mission Capital LLC raised its position in Banco Santander by 46.4% during the 1st quarter. OLD Mission Capital LLC now owns 887,446 shares of the bank’s stock worth $5,946,000 after purchasing an additional 281,101 shares during the last quarter. Institutional investors and hedge funds own 9.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on SAN shares. Weiss Ratings reiterated a “buy (b+)” rating on shares of Banco Santander in a research report on Wednesday, October 8th. Zacks Research raised Banco Santander from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. Kepler Capital Markets downgraded shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Finally, The Goldman Sachs Group lowered shares of Banco Santander from a “strong-buy” rating to a “strong sell” rating in a report on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Banco Santander Stock Performance

Shares of SAN opened at $10.35 on Friday. The firm has a market cap of $153.99 billion, a PE 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 52-week low of $4.43 and a 52-week high of $10.50. The business’s 50 day moving average price is $10.01 and its two-hundred day moving average price is $8.92.

Banco Santander (NYSE:SAN) last announced its quarterly earnings data on Wednesday, October 29th. The bank reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). Banco Santander had a return on equity of 11.92% and a net margin of 17.90%.The company had revenue of $17.80 billion for the quarter, compared to analyst estimates of $15.32 billion. Banco Santander has set its FY 2025 guidance at EPS. Research analysts predict that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Banco Santander Announces Dividend

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