AE Wealth Management LLC Acquires 7,477 Shares of Banco Santander, S.A. $SAN

AE Wealth Management LLC increased its stake in Banco Santander, S.A. (NYSE:SAN) by 68.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,472 shares of the bank’s stock after acquiring an additional 7,477 shares during the quarter. AE Wealth Management LLC’s holdings in Banco Santander were worth $153,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Richardson Financial Services Inc. acquired a new position in shares of Banco Santander during the second quarter valued at about $25,000. Westside Investment Management Inc. bought a new stake in Banco Santander in the 2nd quarter valued at about $30,000. Atlantic Union Bankshares Corp acquired a new position in Banco Santander during the 2nd quarter worth approximately $30,000. Dogwood Wealth Management LLC bought a new position in Banco Santander in the second quarter worth approximately $33,000. Finally, Whipplewood Advisors LLC grew its position in Banco Santander by 35,550.0% in the 2nd quarter. Whipplewood Advisors LLC now owns 4,991 shares of the bank’s stock valued at $41,000 after purchasing an additional 4,977 shares during the period. 9.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Zacks Research upgraded Banco Santander from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. The Goldman Sachs Group downgraded shares of Banco Santander from a “strong-buy” rating to a “strong sell” rating in a report on Thursday, October 16th. Kepler Capital Markets lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of Banco Santander in a research note on Wednesday, October 8th. One investment 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Banco Santander Price Performance

Shares of NYSE:SAN opened at $10.39 on Tuesday. The company has a market cap of $154.58 billion, a price-to-earnings ratio of 11.05, a PEG ratio of 0.70 and a beta of 1.05. Banco Santander, S.A. has a one year low of $4.43 and a one year high of $11.13. The firm has a fifty day moving average price of $10.15 and a two-hundred day moving average price of $9.08.

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

Banco Santander Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, November 6th. Stockholders of record on Friday, October 31st were given a dividend of $0.0956 per share. This represents a dividend yield of 263.0%. The ex-dividend date was Friday, October 31st. Banco Santander’s dividend payout ratio (DPR) is 19.15%.

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.