10,798 Shares in Banco Santander, S.A. $SAN Acquired by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. acquired a new position in shares of Banco Santander, S.A. (NYSE:SAN) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 10,798 shares of the bank’s stock, valued at approximately $90,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Flow Traders U.S. LLC raised its holdings 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 buying an additional 140,800 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Banco Santander by 12.9% in the first quarter. PNC Financial Services Group Inc. now owns 299,177 shares of the bank’s stock valued at $2,004,000 after buying an additional 34,248 shares in the last quarter. 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 valued at $2,426,000 after buying an additional 54,664 shares in the last quarter. OLD Mission Capital LLC grew its stake in shares of Banco Santander by 46.4% in the first quarter. OLD Mission Capital LLC now owns 887,446 shares of the bank’s stock valued at $5,946,000 after buying an additional 281,101 shares in the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of Banco Santander in the first quarter valued at $375,000. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Banco Santander Stock Performance

NYSE:SAN opened at $9.67 on Monday. The stock has a 50-day simple moving average of $9.89 and a 200-day simple moving average of $8.67. The stock has a market cap of $143.87 billion, a P/E ratio of 10.74, a P/E/G ratio of 0.65 and a beta of 1.02. Banco Santander, S.A. has a 1 year low of $4.43 and a 1 year high of $10.50.

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). The firm had revenue of $17.83 billion during the quarter, compared to analyst estimates of $17.69 billion. Banco Santander had a net margin of 17.30% and a return on equity of 11.98%. Banco Santander has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Banco Santander, S.A. 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. Stockholders of record on Friday, October 31st will be issued a $0.0956 dividend. This represents a dividend yield of 196.0%. The ex-dividend date of this dividend is Friday, October 31st. Banco Santander’s dividend payout ratio is presently 20.00%.

Analyst Ratings Changes

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

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.