Cwm LLC Purchases 2,085 Shares of Banco Santander, S.A. $SAN

Cwm LLC boosted its position in shares of Banco Santander, S.A. (NYSE:SAN) by 6.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,942 shares of the bank’s stock after purchasing an additional 2,085 shares during the period. Cwm LLC’s holdings in Banco Santander were worth $282,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SAN. Northern Trust Corp lifted its stake in Banco Santander by 6.3% in the 1st quarter. Northern Trust Corp now owns 11,457,741 shares of the bank’s stock valued at $76,767,000 after purchasing an additional 682,480 shares during the last quarter. Citigroup Inc. lifted its position in Banco Santander by 170.6% during the first quarter. Citigroup Inc. now owns 2,349,567 shares of the bank’s stock worth $15,742,000 after acquiring an additional 1,481,207 shares during the last quarter. QRG Capital Management Inc. lifted its position in Banco Santander by 14.1% during the second quarter. QRG Capital Management Inc. now owns 2,208,662 shares of the bank’s stock worth $18,332,000 after acquiring an additional 273,348 shares during the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new stake in Banco Santander during the first quarter worth approximately $10,181,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Banco Santander by 22.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,388,554 shares of the bank’s stock worth $9,303,000 after purchasing an additional 253,177 shares during the period. Institutional investors own 9.19% of the company’s stock.

Analyst Ratings Changes

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

Banco Santander Trading Down 0.4%

SAN opened at $9.67 on Monday. Banco Santander, S.A. has a 1-year low of $4.43 and a 1-year high of $10.50. The company has a market cap of $143.87 billion, a P/E ratio of 10.74, a price-to-earnings-growth ratio of 0.65 and a beta of 1.02. The company has a fifty day moving average price of $9.89 and a two-hundred day moving average price of $8.67.

Banco Santander (NYSE:SAN) last posted its quarterly earnings results on Wednesday, July 30th. The bank reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.04). Banco Santander had a net margin of 17.30% and a return on equity of 11.98%. The company 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. On average, research analysts forecast that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Banco Santander Dividend Announcement

The company also recently declared 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 is Friday, October 31st. This represents a yield of 196.0%. Banco Santander’s payout ratio is 20.00%.

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.