PNC Financial Services Group Inc. Has $2.75 Million Stock Position in Banco Santander, S.A. $SAN

PNC Financial Services Group Inc. increased its stake in Banco Santander, S.A. (NYSE:SAN) by 10.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 331,731 shares of the bank’s stock after buying an additional 32,554 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Banco Santander were worth $2,753,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Foster Group Inc. grew its position in Banco Santander by 11.9% during the second quarter. Foster Group Inc. now owns 17,458 shares of the bank’s stock worth $145,000 after buying an additional 1,860 shares in the last quarter. CWM LLC boosted its holdings in shares of Banco Santander by 6.5% during the 2nd quarter. CWM LLC now owns 33,942 shares of the bank’s stock valued at $282,000 after acquiring an additional 2,085 shares in the last quarter. Addison Advisors LLC increased its stake in shares of Banco Santander by 17.5% in the second quarter. Addison Advisors LLC now owns 14,132 shares of the bank’s stock valued at $117,000 after buying an additional 2,105 shares during the period. May Hill Capital LLC raised its stake in shares of Banco Santander by 10.3% during the second quarter. May Hill Capital LLC now owns 24,166 shares of the bank’s stock valued at $201,000 after acquiring an additional 2,249 shares during the last quarter. Finally, CogentBlue Wealth Advisors LLC lifted its holdings in Banco Santander by 13.3% during the 2nd quarter. CogentBlue Wealth Advisors LLC now owns 19,736 shares of the bank’s stock worth $164,000 after buying an additional 2,315 shares during the period. 9.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SAN. Weiss Ratings restated a “buy (b+)” rating on shares of Banco Santander in a report on Wednesday, October 8th. Zacks Research upgraded Banco Santander from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. 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 report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Banco Santander Stock Performance

Shares of SAN stock opened at $10.15 on Wednesday. The stock has a 50 day moving average price of $10.16 and a two-hundred day moving average price of $9.10. The company has a market capitalization of $151.01 billion, a P/E ratio of 10.79, a PEG 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 $11.13.

Banco Santander (NYSE:SAN) last posted 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 during the quarter, compared to analysts’ expectations 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. As a group, equities analysts predict that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Banco Santander Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, November 6th. Investors of record on Friday, October 31st were given a dividend of $0.0956 per share. 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 (DPR) 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.