36,898 Shares in Banco Santander, S.A. $SAN Bought by Global Retirement Partners LLC

Global Retirement Partners LLC acquired a new stake in shares of Banco Santander, S.A. (NYSE:SAN) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 36,898 shares of the bank’s stock, valued at approximately $306,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Richardson Financial Services Inc. acquired a new position in shares of Banco Santander during the 2nd quarter worth about $25,000. Westside Investment Management Inc. acquired a new position in shares of Banco Santander during the second quarter valued at approximately $30,000. Atlantic Union Bankshares Corp purchased a new position in shares of Banco Santander in the second quarter valued at approximately $30,000. Smithfield Trust Co acquired a new stake in shares of Banco Santander in the second quarter worth approximately $30,000. Finally, Dogwood Wealth Management LLC purchased a new stake in shares of Banco Santander during the second quarter worth approximately $33,000. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Banco Santander Stock Up 0.4%

NYSE SAN opened at $10.72 on Monday. The business’s fifty day simple moving average is $10.21 and its 200-day simple moving average is $9.27. The firm 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. 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 announced its quarterly earnings results on Wednesday, October 29th. The bank reported $0.23 earnings per share 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 firm had revenue of $20.94 billion for the quarter, compared to analyst estimates of $15.32 billion. Banco Santander has set its FY 2025 guidance at EPS. Research analysts expect that Banco Santander, S.A. will post 0.83 EPS for the current year.

Banco Santander Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, November 6th. Stockholders of record on Friday, October 31st were issued a dividend of $0.0956 per share. The ex-dividend date was Friday, October 31st. This represents a dividend yield of 263.0%. Banco Santander’s dividend payout ratio (DPR) is currently 19.15%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SAN. Weiss Ratings restated a “buy (b+)” rating on shares of Banco Santander in a report on Wednesday, October 8th. Zacks Research downgraded shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. 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 investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Banco Santander presently has a consensus 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.