Banco Santander, S.A. (NYSE:SAN) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Banco Santander, S.A. (NYSE:SAN) have earned an average rating of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company.

A number of analysts have commented on the stock. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Banco Santander in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 20th. The Goldman Sachs Group cut shares of 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 report on Friday, August 1st.

Institutional Trading of Banco Santander

Hedge funds have recently made changes to their positions in the stock. Lazard Asset Management LLC increased its stake in Banco Santander by 2,038,075.5% in the 2nd quarter. Lazard Asset Management LLC now owns 7,643,158 shares of the bank’s stock valued at $63,438,000 after buying an additional 7,642,783 shares during the period. Chevy Chase Trust Holdings LLC grew its holdings in shares of Banco Santander by 22.0% during the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 14,482,986 shares of the bank’s stock valued at $120,209,000 after acquiring an additional 2,607,392 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Banco Santander by 85.0% in the third quarter. Envestnet Asset Management Inc. now owns 5,552,931 shares of the bank’s stock worth $58,195,000 after acquiring an additional 2,551,675 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Banco Santander by 68.5% during the second quarter. Bank of America Corp DE now owns 4,778,086 shares of the bank’s stock worth $39,658,000 after acquiring an additional 1,942,579 shares in the last quarter. Finally, Barometer Capital Management Inc. boosted its position in Banco Santander by 5,818.8% during the second quarter. Barometer Capital Management Inc. now owns 1,757,483 shares of the bank’s stock valued at $14,587,000 after purchasing an additional 1,727,790 shares during the last quarter. 9.19% of the stock is owned by hedge funds and other institutional investors.

Banco Santander Stock Up 0.5%

SAN opened at $10.35 on Monday. The firm has a market cap of $153.99 billion, a PE ratio of 11.01, a P/E/G ratio of 0.70 and a beta of 1.05. The business has a fifty day simple moving average of $10.01 and a 200-day simple moving average of $8.90. Banco Santander has a fifty-two week low of $4.43 and a fifty-two week high of $10.50.

Banco Santander (NYSE:SAN) last announced its earnings results on Wednesday, October 29th. The bank reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). Banco Santander had a net margin of 17.90% and a return on equity of 11.92%. The company had revenue of $17.80 billion for the quarter, compared to analysts’ expectations of $15.32 billion. Banco Santander has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Banco Santander will post 0.83 EPS for the current fiscal year.

Banco Santander Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, November 6th. Shareholders of record on Friday, October 31st were given a dividend of $0.0956 per share. The ex-dividend date was Friday, October 31st. This represents a yield of 263.0%. Banco Santander’s dividend payout ratio (DPR) is presently 19.15%.

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.