Simon Quick Advisors LLC Raises Stock Holdings in Banco Santander, S.A. $SAN

Simon Quick Advisors LLC increased its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 55.8% in the second quarter, HoldingsChannel reports. The firm owned 46,659 shares of the bank’s stock after buying an additional 16,705 shares during the period. Simon Quick Advisors LLC’s holdings in Banco Santander were worth $387,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Chevy Chase Trust Holdings LLC increased its position in 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 buying an additional 2,607,392 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Banco Santander by 6.3% in the first 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 during the period. Envestnet Asset Management Inc. increased 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 valued at $24,910,000 after purchasing an additional 1,817,192 shares during the period. Citigroup Inc. grew its holdings in Banco Santander by 170.6% during the first quarter. Citigroup Inc. now owns 2,349,567 shares of the bank’s stock worth $15,742,000 after acquiring an additional 1,481,207 shares during the period. Finally, QRG Capital Management Inc. grew its holdings in Banco Santander by 14.1% during the second quarter. QRG Capital Management Inc. now owns 2,208,662 shares of the bank’s stock worth $18,332,000 after acquiring an additional 273,348 shares during the period. 9.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SAN shares. Kepler Capital Markets downgraded Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Zacks Research upgraded Banco Santander from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 20th. 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 Banco Santander from a “strong-buy” rating to a “strong sell” rating in a report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Banco Santander Price Performance

Shares of Banco Santander stock opened at $10.17 on Monday. The business has a 50-day moving average of $9.94 and a 200 day moving average of $8.81. Banco Santander, S.A. has a 12 month low of $4.43 and a 12 month high of $10.50. The stock has a market capitalization of $151.31 billion, a price-to-earnings ratio of 10.81, a price-to-earnings-growth ratio of 0.70 and a beta of 1.02.

Banco Santander (NYSE:SAN) last released its earnings results on Wednesday, October 29th. The bank reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). Banco Santander had a return on equity of 11.92% and a net margin of 17.90%.The company had revenue of $17.80 billion for the quarter, compared to analyst estimates of $15.32 billion. Banco Santander has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Banco Santander Announces Dividend

The business also recently announced a dividend, which will be paid on Thursday, November 6th. Investors of record on Friday, October 31st will be paid a dividend of $0.0956 per share. This represents a yield of 263.0%. The ex-dividend date of this dividend is Friday, October 31st. Banco Santander’s payout ratio is presently 20.21%.

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.