Choreo LLC Purchases 20,530 Shares of Banco Santander, S.A. $SAN

Choreo LLC raised its position in Banco Santander, S.A. (NYSE:SAN) by 20.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 120,933 shares of the bank’s stock after buying an additional 20,530 shares during the quarter. Choreo LLC’s holdings in Banco Santander were worth $1,004,000 at the end of the most recent quarter.

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

Banco Santander Price Performance

NYSE:SAN 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 has a market cap of $159.57 billion, a PE ratio of 11.40, a P/E/G ratio of 0.70 and a beta of 1.05. The firm’s 50 day simple moving average is $10.21 and its 200 day simple moving average is $9.27.

Banco Santander (NYSE:SAN) last released its quarterly earnings results 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). 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 for the quarter, compared to the consensus estimate 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 year.

Banco Santander Announces Dividend

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

Analysts Set New Price Targets

SAN has been the subject of a number of research reports. The Goldman Sachs Group cut shares of Banco Santander from a “strong-buy” rating to a “strong sell” rating in a report on Thursday, October 16th. Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Santander in a research note on Wednesday, October 8th. Finally, Zacks Research cut shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Two 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

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.