Forum Financial Management LP Cuts Stake in Banco Santander, S.A. $SAN

Forum Financial Management LP decreased its holdings in Banco Santander, S.A. (NYSE:SAN) by 1.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 254,344 shares of the bank’s stock after selling 2,688 shares during the period. Forum Financial Management LP’s holdings in Banco Santander were worth $2,111,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SAN. Chevy Chase Trust Holdings LLC raised its holdings in Banco Santander by 22.0% in the second 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 during the period. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in Banco Santander in the first quarter valued at approximately $10,181,000. Citigroup Inc. raised its holdings in Banco Santander by 170.6% in the first quarter. Citigroup Inc. now owns 2,349,567 shares of the bank’s stock valued at $15,742,000 after buying an additional 1,481,207 shares during the period. Steamboat Capital Partners LLC purchased a new position in Banco Santander in the first quarter valued at approximately $6,700,000. Finally, Northern Trust Corp grew its position in 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 acquiring an additional 682,480 shares in the last quarter. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Banco Santander Stock Performance

SAN stock opened at $9.74 on Thursday. Banco Santander, S.A. has a 1 year low of $4.43 and a 1 year high of $10.50. The stock’s fifty day moving average is $9.89 and its two-hundred day moving average is $8.58. The stock has a market capitalization of $144.91 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 0.65 and a beta of 1.02.

Banco Santander (NYSE:SAN) last issued its quarterly earnings data on Wednesday, July 30th. The bank reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.04). Banco Santander had a net margin of 17.30% and a return on equity of 11.98%. The company 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, analysts predict that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Banco Santander Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on SAN. Kepler Capital Markets downgraded shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. The Goldman Sachs Group downgraded shares of Banco Santander from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday, October 16th. Zacks Research upgraded shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a research note on Monday. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Santander in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

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.