Quadrant Capital Group LLC Reduces Position in Banco Santander, S.A. $SAN

Quadrant Capital Group LLC reduced its stake in Banco Santander, S.A. (NYSE:SAN) by 2.0% during the second quarter, Holdings Channel.com reports. The firm owned 511,278 shares of the bank’s stock after selling 10,266 shares during the quarter. Quadrant Capital Group LLC’s holdings in Banco Santander were worth $4,244,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Foster Group Inc. increased its holdings in Banco Santander by 11.9% in the 2nd quarter. Foster Group Inc. now owns 17,458 shares of the bank’s stock worth $145,000 after acquiring an additional 1,860 shares in the last quarter. CWM LLC raised its holdings in Banco Santander by 6.5% during the second quarter. CWM LLC now owns 33,942 shares of the bank’s stock valued at $282,000 after acquiring an additional 2,085 shares during the period. Addison Advisors LLC lifted its position in shares of Banco Santander by 17.5% in the second quarter. Addison Advisors LLC now owns 14,132 shares of the bank’s stock valued at $117,000 after acquiring an additional 2,105 shares in the last quarter. Enterprise Financial Services Corp lifted its holdings in Banco Santander by 14.0% in the 2nd quarter. Enterprise Financial Services Corp now owns 17,550 shares of the bank’s stock worth $146,000 after purchasing an additional 2,150 shares in the last quarter. Finally, May Hill Capital LLC grew its holdings in Banco Santander by 10.3% during the 2nd quarter. May Hill Capital LLC now owns 24,166 shares of the bank’s stock valued at $201,000 after buying an additional 2,249 shares in the last quarter. Institutional investors own 9.19% of the company’s stock.

Banco Santander Stock Performance

NYSE:SAN opened at $10.67 on Thursday. The firm has a market capitalization of $158.75 billion, a PE ratio of 11.35, a PEG ratio of 0.70 and a beta of 1.05. The stock’s fifty day moving average is $10.19 and its 200 day moving average is $9.21. Banco Santander, S.A. has a fifty-two week low of $4.43 and a fifty-two week high of $11.13.

Banco Santander (NYSE:SAN) last announced its 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 during the quarter, compared to analysts’ expectations of $15.32 billion. Banco Santander has set its FY 2025 guidance at EPS. Equities analysts forecast that Banco Santander, S.A. will post 0.83 EPS for the current year.

Banco Santander Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SAN shares. Zacks Research lowered shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Kepler Capital Markets downgraded Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Banco Santander in a research note 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 report on Thursday, October 16th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company 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.