Allspring Global Investments Holdings LLC Increases Stock Holdings in Banco Santander, S.A. $SAN

Allspring Global Investments Holdings LLC lifted its holdings in Banco Santander, S.A. (NYSE:SAN) by 4.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 118,743 shares of the bank’s stock after purchasing an additional 5,336 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Banco Santander were worth $997,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. purchased a new stake in shares of Banco Santander during the second quarter worth $25,000. Wayfinding Financial LLC purchased a new stake in Banco Santander during the 1st quarter worth about $28,000. Dogwood Wealth Management LLC purchased a new position in shares of Banco Santander in the 2nd quarter valued at about $33,000. TD Private Client Wealth LLC boosted its stake in shares of Banco Santander by 478.8% in the 2nd quarter. TD Private Client Wealth LLC now owns 5,203 shares of the bank’s stock valued at $43,000 after buying an additional 4,304 shares during the period. Finally, Larson Financial Group LLC increased its stake 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 buying an additional 3,693 shares during the period. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SAN shares. Kepler Capital Markets downgraded shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. The Goldman Sachs Group downgraded shares of Banco Santander from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday, October 16th. Weiss Ratings restated a “buy (b+)” rating on shares of Banco Santander in a research note on Wednesday, October 8th. Finally, Zacks Research raised Banco Santander from a “hold” rating to a “strong-buy” rating in a research report on Monday. One 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 assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Banco Santander Stock Up 0.9%

NYSE:SAN opened at $9.74 on Thursday. The company has a market capitalization of $144.91 billion, a PE ratio of 10.82, a P/E/G ratio of 0.65 and a beta of 1.02. Banco Santander, S.A. has a 52-week low of $4.43 and a 52-week high of $10.50. The stock’s 50 day moving average price is $9.89 and its 200 day moving average price is $8.58.

Banco Santander (NYSE:SAN) last announced its earnings results on Wednesday, July 30th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.04). Banco Santander had a return on equity of 11.98% and a net margin of 17.30%.The business had revenue of $17.83 billion for the quarter, compared to analysts’ expectations of $17.69 billion. Banco Santander has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Banco Santander Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, November 6th. Shareholders of record on Friday, October 31st will be issued a dividend of $0.0956 per share. This represents a yield of 196.0%. The ex-dividend date is Friday, October 31st. Banco Santander’s dividend payout ratio (DPR) is 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.