Cetera Investment Advisers Grows Stake in Banco Santander, S.A. $SAN

Cetera Investment Advisers raised its holdings in Banco Santander, S.A. (NYSE:SAN) by 178.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 312,463 shares of the bank’s stock after buying an additional 200,137 shares during the quarter. Cetera Investment Advisers’ holdings in Banco Santander were worth $2,593,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Flow Traders U.S. LLC boosted its stake in shares of Banco Santander by 390.2% during the 1st quarter. Flow Traders U.S. LLC now owns 176,881 shares of the bank’s stock valued at $1,185,000 after purchasing an additional 140,800 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Banco Santander by 12.9% in the first quarter. PNC Financial Services Group Inc. now owns 299,177 shares of the bank’s stock worth $2,004,000 after buying an additional 34,248 shares during the period. Pekin Hardy Strauss Inc. grew its holdings in shares of Banco Santander by 104.3% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 241,250 shares of the bank’s stock worth $2,002,000 after acquiring an additional 123,150 shares during the period. Russell Investments Group Ltd. raised its position in shares of Banco Santander by 17.8% in the 1st quarter. Russell Investments Group Ltd. now owns 362,080 shares of the bank’s stock worth $2,426,000 after acquiring an additional 54,664 shares in the last quarter. Finally, OLD Mission Capital LLC lifted its stake in shares of Banco Santander by 46.4% in the 1st quarter. OLD Mission Capital LLC now owns 887,446 shares of the bank’s stock valued at $5,946,000 after purchasing an additional 281,101 shares during the period. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Wall Street Analyst Weigh In

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

Banco Santander Stock Up 0.4%

NYSE:SAN opened at $10.72 on Friday. The stock has a market cap of $159.57 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 0.70 and a beta of 1.05. The company’s 50 day moving average price is $10.21 and its 200-day moving average price is $9.25. 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 released its quarterly earnings data on Wednesday, October 29th. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). The business had revenue of $20.94 billion during 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 earnings per share for the current year.

Banco Santander Announces Dividend

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

About Banco Santander

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.