Axxcess Wealth Management LLC Acquires New Stake in Banco Santander, S.A. $SAN

Axxcess Wealth Management LLC acquired 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 & Exchange Commission. The firm acquired 12,007 shares of the bank’s stock, valued at approximately $100,000.

A number of other large investors have also made changes to their positions in SAN. GAMMA Investing LLC boosted its stake in shares of Banco Santander by 33.1% during the first quarter. GAMMA Investing LLC now owns 43,886 shares of the bank’s stock valued at $294,000 after acquiring an additional 10,916 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Banco Santander during the first quarter valued at $307,000. Wealth Enhancement Advisory Services LLC boosted its stake in Banco Santander by 3.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 89,489 shares of the bank’s stock worth $600,000 after buying an additional 3,317 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in Banco Santander in the 1st quarter worth about $74,000. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in Banco Santander by 55.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 29,707 shares of the bank’s stock worth $199,000 after buying an additional 10,559 shares during the last quarter. Institutional investors and hedge funds own 9.19% of the company’s stock.

Banco Santander Stock Performance

Shares of NYSE:SAN opened at $9.77 on Monday. The company has a market cap of $145.43 billion, a P/E ratio of 10.86, a PEG ratio of 0.67 and a beta of 1.02. Banco Santander, S.A. has a one year low of $4.43 and a one year high of $10.50. The business’s 50-day simple moving average is $9.87 and its 200 day simple moving average is $8.53.

Banco Santander (NYSE:SAN) last announced 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). The company had revenue of $17.83 billion for the quarter, compared to analysts’ expectations of $17.69 billion. Banco Santander had a net margin of 17.30% and a return on equity of 11.98%. Banco Santander has set its FY 2025 guidance at EPS. Analysts predict that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Banco Santander Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SAN. Kepler Capital Markets lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Santander in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group lowered Banco Santander from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Banco Santander presently has an average 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.