Banco Santander, S.A. $SAN Stake Lessened by IFP Advisors Inc

IFP Advisors Inc lowered its holdings in Banco Santander, S.A. (NYSE:SAN) by 54.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,994 shares of the bank’s stock after selling 5,989 shares during the period. IFP Advisors Inc’s holdings in Banco Santander were worth $41,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dogwood Wealth Management LLC purchased a new stake in shares of Banco Santander during the second quarter worth $33,000. Wayfinding Financial LLC purchased a new stake in shares of Banco Santander during the first quarter worth $28,000. TD Private Client Wealth LLC raised its holdings in shares of Banco Santander by 478.8% during the second quarter. TD Private Client Wealth LLC now owns 5,203 shares of the bank’s stock worth $43,000 after acquiring an additional 4,304 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Banco Santander during the second quarter worth $69,000. Finally, Larson Financial Group LLC raised its holdings in shares of Banco Santander by 63.2% during the first quarter. Larson Financial Group LLC now owns 9,532 shares of the bank’s stock worth $64,000 after acquiring an additional 3,693 shares in the last quarter. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SAN has been the subject of several recent research reports. Kepler Capital Markets lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Weiss Ratings reiterated a “buy (b+)” rating on shares of Banco Santander in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group cut Banco Santander from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, October 16th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

Banco Santander Stock Down 2.4%

NYSE:SAN opened at $9.64 on Wednesday. Banco Santander, S.A. has a 12 month low of $4.43 and a 12 month high of $10.50. The firm has a market cap of $143.42 billion, a price-to-earnings ratio of 10.71, a P/E/G ratio of 0.67 and a beta of 1.02. The company’s 50 day moving average is $9.88 and its 200-day moving average is $8.57.

Banco Santander (NYSE:SAN) last released its quarterly earnings results on Wednesday, July 30th. The bank reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.04). Banco Santander had a net margin of 17.30% and a return on equity of 11.98%. The firm had revenue of $17.83 billion during the quarter, compared to the consensus estimate of $17.69 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 company also recently declared a dividend, which will be paid on Thursday, November 6th. Stockholders of record on Friday, October 31st will be given a $0.0956 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a dividend yield of 196.0%. Banco Santander’s dividend payout ratio (DPR) is currently 20.00%.

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.