Envestnet Asset Management Inc. Raises Stock Position in Banco Santander, S.A. $SAN

Envestnet Asset Management Inc. raised its stake in Banco Santander, S.A. (NYSE:SAN) by 153.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,001,256 shares of the bank’s stock after buying an additional 1,817,192 shares during the period. Envestnet Asset Management Inc.’s holdings in Banco Santander were worth $24,910,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in SAN. Cambridge Investment Research Advisors Inc. increased its stake in shares of Banco Santander by 55.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 29,707 shares of the bank’s stock worth $199,000 after purchasing an additional 10,559 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Banco Santander by 3.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 113,407 shares of the bank’s stock valued at $777,000 after purchasing an additional 4,220 shares during the last quarter. Wayfinding Financial LLC acquired a new position in shares of Banco Santander during the 1st quarter valued at $28,000. Bank of New York Mellon Corp lifted its holdings in shares of Banco Santander by 7.0% during the 1st quarter. Bank of New York Mellon Corp now owns 715,939 shares of the bank’s stock valued at $4,797,000 after acquiring an additional 47,000 shares in the last quarter. Finally, Callan Capital LLC lifted its holdings in shares of Banco Santander by 19.3% during the 1st quarter. Callan Capital LLC now owns 118,370 shares of the bank’s stock valued at $793,000 after acquiring an additional 19,169 shares in the last quarter. 9.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SAN shares. Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Santander in a research report on Wednesday, October 8th. Kepler Capital Markets lowered shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Zacks Research raised shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 20th. Finally, The Goldman Sachs Group downgraded shares of Banco Santander from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Banco Santander Trading Up 0.2%

NYSE:SAN opened at $10.18 on Tuesday. The firm has a fifty day simple moving average of $9.96 and a 200 day simple moving average of $8.83. Banco Santander, S.A. has a 1-year low of $4.43 and a 1-year high of $10.50. The stock has a market capitalization of $151.46 billion, a PE ratio of 10.82, a P/E/G ratio of 0.70 and a beta of 1.02.

Banco Santander (NYSE:SAN) last released its quarterly earnings data on Wednesday, October 29th. The bank reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The company had revenue of $17.80 billion for the quarter, compared to the consensus estimate of $15.32 billion. Banco Santander had a return on equity of 11.92% and a net margin of 17.90%. Banco Santander has set its FY 2025 guidance at EPS. On average, equities analysts predict that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Banco Santander Dividend Announcement

The business 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 of this dividend is Friday, October 31st. This represents a dividend yield of 263.0%. Banco Santander’s payout ratio is 20.21%.

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.