Coldstream Capital Management Inc. Buys 17,865 Shares of Banco Santander, S.A. $SAN

Coldstream Capital Management Inc. lifted its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 42.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 59,846 shares of the bank’s stock after purchasing an additional 17,865 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Banco Santander were worth $497,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in SAN. Foster Group Inc. lifted its holdings in shares of Banco Santander by 11.9% in the second quarter. Foster Group Inc. now owns 17,458 shares of the bank’s stock worth $145,000 after buying an additional 1,860 shares in the last quarter. CWM LLC increased its holdings in Banco Santander by 6.5% during the 2nd quarter. CWM LLC now owns 33,942 shares of the bank’s stock worth $282,000 after acquiring an additional 2,085 shares during the period. Addison Advisors LLC lifted its stake in Banco Santander by 17.5% in the 2nd quarter. Addison Advisors LLC now owns 14,132 shares of the bank’s stock worth $117,000 after purchasing an additional 2,105 shares in the last quarter. Enterprise Financial Services Corp boosted its holdings in Banco Santander by 14.0% in the 2nd quarter. Enterprise Financial Services Corp now owns 17,550 shares of the bank’s stock valued at $146,000 after purchasing an additional 2,150 shares during the period. Finally, May Hill Capital LLC grew its position in shares of Banco Santander by 10.3% during the 2nd quarter. May Hill Capital LLC now owns 24,166 shares of the bank’s stock valued at $201,000 after purchasing an additional 2,249 shares in the last quarter. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Analysts Set New Price Targets

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

Banco Santander Price Performance

NYSE:SAN opened at $10.67 on Friday. The company has a market capitalization of $158.75 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 0.70 and a beta of 1.05. The business has a 50 day moving average of $10.20 and a 200 day moving average of $9.22. Banco Santander, S.A. has a 1-year low of $4.43 and a 1-year high of $11.13.

Banco Santander (NYSE:SAN) last issued its quarterly earnings results on Wednesday, October 29th. The bank reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The business had revenue of $20.94 billion for the quarter, compared to the consensus estimate 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. As a group, sell-side analysts anticipate that Banco Santander, S.A. will post 0.83 EPS for the current year.

Banco Santander Dividend Announcement

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

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.