Vestmark Advisory Solutions Inc. Has $3.80 Million Position in Banco Santander, S.A. $SAN

Vestmark Advisory Solutions Inc. lowered its holdings in Banco Santander, S.A. (NYSE:SAN) by 8.2% during the 2nd quarter, Holdings Channel reports. The firm owned 457,832 shares of the bank’s stock after selling 40,668 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Banco Santander were worth $3,800,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in SAN. Foster Group Inc. boosted its holdings in shares of Banco Santander by 11.9% in the 2nd quarter. Foster Group Inc. now owns 17,458 shares of the bank’s stock worth $145,000 after buying an additional 1,860 shares during the last quarter. CWM LLC grew its stake in shares of Banco Santander by 6.5% during the 2nd quarter. CWM LLC now owns 33,942 shares of the bank’s stock worth $282,000 after acquiring an additional 2,085 shares during the period. May Hill Capital LLC raised its stake in Banco Santander by 10.3% in the 2nd quarter. May Hill Capital LLC now owns 24,166 shares of the bank’s stock valued at $201,000 after acquiring an additional 2,249 shares during the period. CogentBlue Wealth Advisors LLC lifted its holdings in Banco Santander by 13.3% during the second quarter. CogentBlue Wealth Advisors LLC now owns 19,736 shares of the bank’s stock valued at $164,000 after purchasing an additional 2,315 shares during the last quarter. Finally, Brighton Jones LLC boosted its position in Banco Santander by 20.8% during the second quarter. Brighton Jones LLC now owns 13,495 shares of the bank’s stock worth $112,000 after purchasing an additional 2,325 shares during the period. 9.19% of the stock is owned by hedge funds and other institutional investors.

Banco Santander Price Performance

NYSE SAN opened at $10.35 on Friday. The company’s 50 day simple moving average is $10.01 and its two-hundred day simple moving average is $8.92. Banco Santander, S.A. has a 1 year low of $4.43 and a 1 year high of $10.50. The stock has a market capitalization of $153.99 billion, a PE ratio of 11.01, a P/E/G ratio of 0.70 and a beta of 1.05.

Banco Santander (NYSE:SAN) last released its quarterly earnings results on Wednesday, October 29th. The bank reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). Banco Santander had a net margin of 17.90% and a return on equity of 11.92%. The firm 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, research analysts anticipate that Banco Santander, S.A. will post 0.83 EPS for the current year.

Banco Santander Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. The Goldman Sachs Group lowered shares of Banco Santander from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, October 16th. Zacks Research raised shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a report on Monday, October 20th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Banco Santander in a report on Wednesday, October 8th. Finally, Kepler Capital Markets cut 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 issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average 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.