Banco Santander, S.A. $SAN Shares Sold by Carrera Capital Advisors

Carrera Capital Advisors cut its position in shares of Banco Santander, S.A. (NYSE:SAN) by 95.3% during the second quarter, Holdings Channel.com reports. The firm owned 32,692 shares of the bank’s stock after selling 657,910 shares during the quarter. Carrera Capital Advisors’ holdings in Banco Santander were worth $271,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. AlTi Global Inc. purchased a new position in Banco Santander during the second quarter worth about $226,000. Bleakley Financial Group LLC raised its stake in Banco Santander by 19.8% during the second quarter. Bleakley Financial Group LLC now owns 56,340 shares of the bank’s stock worth $468,000 after purchasing an additional 9,330 shares during the period. Calamos Wealth Management LLC purchased a new position in Banco Santander during the second quarter worth about $2,235,000. TrueMark Investments LLC raised its stake in Banco Santander by 18.3% during the second quarter. TrueMark Investments LLC now owns 271,453 shares of the bank’s stock worth $2,253,000 after purchasing an additional 42,044 shares during the period. Finally, Chevy Chase Trust Holdings LLC raised its stake in Banco Santander by 22.0% during the second quarter. Chevy Chase Trust Holdings LLC now owns 14,482,986 shares of the bank’s stock worth $120,209,000 after purchasing an additional 2,607,392 shares during the period. 9.19% of the stock is owned by hedge funds and other institutional investors.

Banco Santander Stock Down 0.4%

Shares of SAN opened at $9.67 on Friday. Banco Santander, S.A. has a fifty-two week low of $4.43 and a fifty-two week high of $10.50. The firm’s 50 day moving average price is $9.89 and its 200 day moving average price is $8.63. The company has a market cap of $143.87 billion, a P/E ratio of 10.74, a PEG ratio of 0.66 and a beta of 1.02.

Banco Santander (NYSE:SAN) last announced its earnings results on Wednesday, July 30th. The bank reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.04). Banco Santander had a return on equity of 11.98% and a net margin of 17.30%.The business had revenue of $17.83 billion for the quarter, compared to analysts’ expectations of $17.69 billion. Banco Santander has set its FY 2025 guidance at EPS. Research analysts forecast that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Banco Santander Dividend Announcement

The company also recently declared 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. This represents a yield of 196.0%. The ex-dividend date is Friday, October 31st. Banco Santander’s payout ratio is 20.00%.

Analyst Upgrades and Downgrades

SAN has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Banco Santander in a research note on Friday. 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. 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. Finally, Zacks Research raised shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Banco Santander Company 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.