AlphaCore Capital LLC Takes $131,000 Position in Banco Santander, S.A. $SAN

AlphaCore Capital LLC acquired a new position in shares of Banco Santander, S.A. (NYSE:SAN) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 15,733 shares of the bank’s stock, valued at approximately $131,000.

Several other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. boosted its holdings in Banco Santander by 10.4% during the second quarter. Franklin Resources Inc. now owns 60,645 shares of the bank’s stock valued at $503,000 after acquiring an additional 5,720 shares during the period. MAI Capital Management lifted its position in shares of Banco Santander by 566.4% during the 2nd quarter. MAI Capital Management now owns 15,200 shares of the bank’s stock worth $126,000 after purchasing an additional 12,919 shares during the last quarter. Seeds Investor LLC boosted its stake in Banco Santander by 11.3% during the 2nd quarter. Seeds Investor LLC now owns 32,055 shares of the bank’s stock valued at $266,000 after purchasing an additional 3,252 shares during the period. JPMorgan Chase & Co. grew its holdings in Banco Santander by 29.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,859,097 shares of the bank’s stock valued at $23,731,000 after buying an additional 654,503 shares during the last quarter. Finally, Personal CFO Solutions LLC lifted its holdings in shares of Banco Santander by 30.3% during the second quarter. Personal CFO Solutions LLC now owns 15,829 shares of the bank’s stock worth $131,000 after buying an additional 3,685 shares during the last quarter. Institutional investors own 9.19% of the company’s stock.

Banco Santander Stock Performance

Shares of SAN stock opened at $10.47 on Wednesday. The firm has a fifty day moving average of $10.18 and a 200-day moving average of $9.20. The stock has a market cap of $155.77 billion, a price-to-earnings ratio of 11.13, a P/E/G ratio of 0.70 and a beta of 1.05. Banco Santander, S.A. has a 52-week low of $4.43 and a 52-week high of $11.13.

Banco Santander (NYSE:SAN) last posted its earnings results on Wednesday, October 29th. The bank reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). Banco Santander had a net margin of 17.90% and a return on equity of 11.92%. The business had revenue of $20.94 billion during the quarter, compared to the consensus estimate of $15.32 billion. Banco Santander has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Banco Santander Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, November 6th. Stockholders of record on Friday, October 31st were issued a $0.0956 dividend. The ex-dividend date of this dividend was Friday, October 31st. This represents a dividend yield of 263.0%. Banco Santander’s dividend payout ratio is presently 19.15%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SAN shares. Zacks Research downgraded shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. The Goldman Sachs Group lowered shares of Banco Santander from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, October 16th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Banco Santander in a research report on Wednesday, October 8th. Finally, Kepler Capital Markets downgraded Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

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.