Bank of Montreal Can Acquires 30,625 Shares of Banco Santander, S.A. $SAN

Bank of Montreal Can raised its holdings in Banco Santander, S.A. (NYSE:SAN) by 33.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 122,244 shares of the bank’s stock after buying an additional 30,625 shares during the quarter. Bank of Montreal Can’s holdings in Banco Santander were worth $1,015,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Chevy Chase Trust Holdings LLC grew its stake in shares of Banco Santander by 22.0% in the second quarter. Chevy Chase Trust Holdings LLC now owns 14,482,986 shares of the bank’s stock worth $120,209,000 after acquiring an additional 2,607,392 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Banco Santander by 153.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,001,256 shares of the bank’s stock worth $24,910,000 after purchasing an additional 1,817,192 shares during the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new position in shares of Banco Santander during the 1st quarter worth about $10,181,000. Citigroup Inc. raised its position in shares of Banco Santander by 170.6% during the first quarter. Citigroup Inc. now owns 2,349,567 shares of the bank’s stock valued at $15,742,000 after buying an additional 1,481,207 shares during the last quarter. Finally, Steamboat Capital Partners LLC bought a new stake in shares of Banco Santander in the first quarter valued at about $6,700,000. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander Price Performance

Shares of NYSE:SAN opened at $10.74 on Friday. The business’s fifty day moving average price is $10.14 and its two-hundred day moving average price is $9.04. Banco Santander, S.A. has a fifty-two week low of $4.43 and a fifty-two week high of $11.13. The stock has a market capitalization of $159.79 billion, a price-to-earnings ratio of 11.42, a price-to-earnings-growth ratio of 0.70 and a beta of 1.05.

Banco Santander (NYSE:SAN) last issued its earnings results on Wednesday, October 29th. The bank reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). The firm had revenue of $17.80 billion during the quarter, compared to analyst estimates of $15.32 billion. Banco Santander had a net margin of 17.90% and a return on equity of 11.92%. Banco Santander has set its FY 2025 guidance at EPS. Research analysts expect that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Banco Santander Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, November 6th. Shareholders of record on Friday, October 31st were paid a dividend of $0.0956 per share. This represents a yield of 263.0%. The ex-dividend date of this dividend was Friday, October 31st. Banco Santander’s dividend payout ratio is currently 19.15%.

Analyst Ratings Changes

SAN has been the topic of several research reports. Weiss Ratings restated a “buy (b+)” rating on shares of Banco Santander in a research note on Wednesday, October 8th. Zacks Research upgraded Banco Santander from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 20th. Kepler Capital Markets cut Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Finally, The Goldman Sachs Group lowered shares of Banco Santander from a “strong-buy” rating to a “strong sell” rating in a report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

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.