18,509 Shares in Banco Santander, S.A. $SAN Bought by Leavell Investment Management Inc.

Leavell Investment Management Inc. bought a new position in shares of Banco Santander, S.A. (NYSE:SAN) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 18,509 shares of the bank’s stock, valued at approximately $154,000.

Other large investors have also bought and sold shares of the company. Richardson Financial Services Inc. bought a new position in Banco Santander during the 2nd quarter worth $25,000. Wayfinding Financial LLC bought a new position in shares of Banco Santander in the 1st quarter worth about $28,000. Dogwood Wealth Management LLC bought a new position in shares of Banco Santander in the 2nd quarter worth about $33,000. TD Private Client Wealth LLC raised its position in shares of Banco Santander by 478.8% in the 2nd quarter. TD Private Client Wealth LLC now owns 5,203 shares of the bank’s stock worth $43,000 after acquiring an additional 4,304 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in shares of Banco Santander by 63.2% in the 1st quarter. Larson Financial Group LLC now owns 9,532 shares of the bank’s stock worth $64,000 after acquiring an additional 3,693 shares in the last quarter. 9.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Santander in a research report on Wednesday, October 8th. Zacks Research raised Banco Santander from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 20th. The Goldman Sachs Group lowered Banco Santander from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, October 16th. Finally, Kepler Capital Markets lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Banco Santander Stock Performance

SAN stock opened at $9.90 on Tuesday. The company has a market capitalization of $147.29 billion, a P/E ratio of 10.99, a price-to-earnings-growth ratio of 0.65 and a beta of 1.02. Banco Santander, S.A. has a 52-week low of $4.43 and a 52-week high of $10.50. The business has a 50-day simple moving average of $9.90 and a two-hundred day simple moving average of $8.69.

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 analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $17.69 billion. Banco Santander has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Banco Santander Dividend Announcement

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