American Century Companies Inc. Buys 315,032 Shares of Banco Santander, S.A. $SAN

American Century Companies Inc. lifted its stake in Banco Santander, S.A. (NYSE:SAN) by 9.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,614,912 shares of the bank’s stock after acquiring an additional 315,032 shares during the quarter. American Century Companies Inc.’s holdings in Banco Santander were worth $30,004,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Chevy Chase Trust Holdings LLC grew its position in Banco Santander by 22.0% in the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 14,482,986 shares of the bank’s stock worth $120,209,000 after purchasing an additional 2,607,392 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Banco Santander by 153.5% in the second quarter. Envestnet Asset Management Inc. now owns 3,001,256 shares of the bank’s stock worth $24,910,000 after acquiring an additional 1,817,192 shares during the period. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new stake in Banco Santander during the first quarter valued at $10,181,000. Citigroup Inc. lifted its holdings in Banco Santander by 170.6% in the first quarter. Citigroup Inc. now owns 2,349,567 shares of the bank’s stock valued at $15,742,000 after acquiring an additional 1,481,207 shares during the period. Finally, Steamboat Capital Partners LLC purchased a new position in Banco Santander in the first quarter worth about $6,700,000. Institutional investors own 9.19% of the company’s stock.

Banco Santander Price Performance

Shares of SAN stock opened at $10.72 on Monday. Banco Santander, S.A. has a one year low of $4.43 and a one year high of $11.13. The company’s fifty day moving average price is $10.21 and its 200-day moving average price is $9.27. The company has a market capitalization of $159.57 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 0.70 and a beta of 1.05.

Banco Santander (NYSE:SAN) last issued its quarterly earnings results 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). The business had revenue of $20.94 billion during the quarter, compared to analysts’ expectations of $15.32 billion. Banco Santander had a return on equity of 11.92% and a net margin of 17.90%. Banco Santander has set its FY 2025 guidance at EPS. Equities research analysts expect that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Banco Santander Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, November 6th. Investors 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 (DPR) is 19.15%.

Analysts Set New Price Targets

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