Banco Santander (NYSE:SAN) Upgraded at Zacks Research

Zacks Research upgraded shares of Banco Santander (NYSE:SAN) from a hold rating to a strong-buy rating in a report issued on Monday,Zacks.com reports.

A number of other research analysts also recently issued reports on the stock. Weiss Ratings restated a “buy (b+)” rating on shares of Banco Santander in a research report on Wednesday, October 8th. Kepler Capital Markets cut Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Finally, The Goldman Sachs Group cut 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 given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Banco Santander Trading Up 0.9%

SAN opened at $9.74 on Monday. The stock has a market capitalization of $144.91 billion, a price-to-earnings ratio of 10.82, a P/E/G ratio of 0.65 and a beta of 1.02. The business has a 50 day moving average of $9.89 and a 200-day moving average of $8.58. Banco Santander has a 1-year low of $4.43 and a 1-year high of $10.50.

Banco Santander (NYSE:SAN) last issued its 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 analyst estimates of $17.69 billion. Banco Santander has set its FY 2025 guidance at EPS. Equities analysts predict that Banco Santander will post 0.83 EPS for the current year.

Banco Santander Announces Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, November 6th. Investors of record on Friday, October 31st will be issued a dividend of $0.0956 per share. 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 20.00%.

Hedge Funds Weigh In On Banco Santander

Hedge funds have recently made changes to their positions in the stock. Chevy Chase Trust Holdings LLC increased its stake in shares of Banco Santander by 22.0% in the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 14,482,986 shares of the bank’s stock valued at $120,209,000 after acquiring an additional 2,607,392 shares in the last quarter. Northern Trust Corp boosted its position in shares of Banco Santander by 6.3% during the 1st quarter. Northern Trust Corp now owns 11,457,741 shares of the bank’s stock worth $76,767,000 after purchasing an additional 682,480 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of Banco Santander by 2,038,075.5% in the 2nd quarter. Lazard Asset Management LLC now owns 7,643,158 shares of the bank’s stock valued at $63,438,000 after buying an additional 7,642,783 shares during the period. Bank of America Corp DE increased its position in Banco Santander by 68.5% in the 2nd quarter. Bank of America Corp DE now owns 4,778,086 shares of the bank’s stock valued at $39,658,000 after buying an additional 1,942,579 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Banco Santander by 9.5% during the 2nd quarter. American Century Companies Inc. now owns 3,614,912 shares of the bank’s stock worth $30,004,000 after buying an additional 315,032 shares during the period. 9.19% of the stock is currently owned by institutional investors.

Banco Santander Company 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.