Sagespring Wealth Partners LLC Has $558,000 Holdings in Banco Santander, S.A. $SAN

Sagespring Wealth Partners LLC lifted its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 48.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 67,268 shares of the bank’s stock after buying an additional 22,017 shares during the period. Sagespring Wealth Partners LLC’s holdings in Banco Santander were worth $558,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Flow Traders U.S. LLC lifted its holdings in shares of Banco Santander by 390.2% during the first quarter. Flow Traders U.S. LLC now owns 176,881 shares of the bank’s stock worth $1,185,000 after purchasing an additional 140,800 shares during the period. PNC Financial Services Group Inc. increased its stake in Banco Santander by 12.9% in the first quarter. PNC Financial Services Group Inc. now owns 299,177 shares of the bank’s stock valued at $2,004,000 after purchasing an additional 34,248 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Banco Santander by 17.8% during the first quarter. Russell Investments Group Ltd. now owns 362,080 shares of the bank’s stock valued at $2,426,000 after buying an additional 54,664 shares during the last quarter. OLD Mission Capital LLC grew its holdings in shares of Banco Santander by 46.4% during the first quarter. OLD Mission Capital LLC now owns 887,446 shares of the bank’s stock valued at $5,946,000 after buying an additional 281,101 shares during the last quarter. Finally, Chevy Chase Trust Holdings LLC grew its holdings in shares of Banco Santander by 30.5% during the first quarter. Chevy Chase Trust Holdings LLC now owns 11,875,594 shares of the bank’s stock valued at $79,566,000 after buying an additional 2,774,449 shares during the last quarter. Institutional investors and hedge funds own 9.19% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Weiss Ratings restated a “buy (b+)” rating on shares of Banco Santander in a report on Wednesday, October 8th. Kepler Capital Markets lowered shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Finally, The Goldman Sachs Group raised shares of Banco Santander to a “strong-buy” rating in a research report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Banco Santander Price Performance

Shares of NYSE:SAN opened at $9.92 on Friday. Banco Santander, S.A. has a one year low of $4.43 and a one year high of $10.50. The company’s fifty day moving average price is $9.86 and its 200-day moving average price is $8.49. The firm has a market capitalization of $147.66 billion, a price-to-earnings ratio of 11.02, a PEG ratio of 0.68 and a beta of 1.02.

Banco Santander (NYSE:SAN) last released its earnings results on Wednesday, July 30th. The bank reported $0.22 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.04). Banco Santander had a net margin of 17.30% and a return on equity of 11.98%. The business had revenue of $17.83 billion for the quarter, compared to the consensus estimate of $17.69 billion. Banco Santander has set its FY 2025 guidance at EPS. As a group, equities research analysts expect 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 will be paid on Thursday, November 6th. Investors of record on Friday, October 31st will be issued a dividend of $0.0956 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a dividend yield of 196.0%. Banco Santander’s dividend payout ratio (DPR) is currently 20.00%.

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.