AlTi Global Inc. Makes New Investment in Banco Santander, S.A. $SAN

AlTi Global Inc. bought a new stake in shares of Banco Santander, S.A. (NYSE:SAN) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 27,093 shares of the bank’s stock, valued at approximately $226,000.

A number of other large investors have also recently modified their holdings of the stock. Chevy Chase Trust Holdings LLC boosted its stake in shares of Banco Santander by 22.0% during the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 14,482,986 shares of the bank’s stock valued at $120,209,000 after purchasing an additional 2,607,392 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Banco Santander by 6.3% during the 1st quarter. Northern Trust Corp now owns 11,457,741 shares of the bank’s stock valued at $76,767,000 after purchasing an additional 682,480 shares in the last quarter. Citigroup Inc. boosted its stake 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 valued at $15,742,000 after purchasing an additional 1,481,207 shares in the last quarter. QRG Capital Management Inc. boosted its stake in shares of Banco Santander by 14.1% during the 2nd quarter. QRG Capital Management Inc. now owns 2,208,662 shares of the bank’s stock valued at $18,332,000 after purchasing an additional 273,348 shares in the last quarter. Finally, Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new stake in shares of Banco Santander during the 1st quarter valued at about $10,181,000. Institutional investors own 9.19% of the company’s stock.

Banco Santander Stock Performance

Shares of Banco Santander stock opened at $9.67 on Friday. The stock has a market capitalization of $143.87 billion, a PE ratio of 10.74, a price-to-earnings-growth ratio of 0.65 and a beta of 1.02. Banco Santander, S.A. has a 52-week low of $4.43 and a 52-week high of $10.50. The company has a 50-day simple moving average of $9.89 and a two-hundred day simple moving average of $8.65.

Banco Santander (NYSE:SAN) last issued its earnings results on Wednesday, July 30th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.04). The firm had revenue of $17.83 billion during the quarter, compared to analysts’ expectations of $17.69 billion. Banco Santander had a return on equity of 11.98% and a net margin of 17.30%. Banco Santander has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Banco Santander Dividend Announcement

The company also recently announced a dividend, which will be paid on Thursday, November 6th. Shareholders of record on Friday, October 31st will be issued a $0.0956 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a yield of 196.0%. Banco Santander’s payout ratio is 20.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Banco Santander in a research note on Friday. 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. Zacks Research raised shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 20th. Finally, The Goldman Sachs Group cut shares of Banco Santander from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Banco Santander Company 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.