Zions Bancorporation National Association UT Acquires 187,493 Shares of Banco Santander, S.A. $SAN

Zions Bancorporation National Association UT grew its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 7,603.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 189,959 shares of the bank’s stock after acquiring an additional 187,493 shares during the quarter. Zions Bancorporation National Association UT’s holdings in Banco Santander were worth $1,577,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in SAN. Richardson Financial Services Inc. bought a new position in shares of Banco Santander during the 2nd quarter valued at $25,000. Westside Investment Management Inc. purchased a new stake in Banco Santander during the second quarter valued at about $30,000. Atlantic Union Bankshares Corp bought a new position in shares of Banco Santander during the second quarter valued at about $30,000. Dogwood Wealth Management LLC bought a new position in shares of Banco Santander during the second quarter valued at about $33,000. Finally, Whipplewood Advisors LLC increased its holdings in shares of Banco Santander by 35,550.0% in the second quarter. Whipplewood Advisors LLC now owns 4,991 shares of the bank’s stock worth $41,000 after buying an additional 4,977 shares during the period. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Banco Santander Stock Performance

SAN opened at $10.35 on Monday. The stock has a market capitalization of $153.99 billion, a PE ratio of 11.01, a price-to-earnings-growth ratio of 0.70 and a beta of 1.05. The stock’s 50 day moving average price is $10.01 and its 200-day moving average price is $8.93. Banco Santander, S.A. has a 52-week low of $4.43 and a 52-week high of $10.50.

Banco Santander (NYSE:SAN) last released its quarterly earnings results on Wednesday, October 29th. The bank reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02). The company had revenue of $17.80 billion during the quarter, compared to the consensus estimate of $15.32 billion. Banco Santander had a net margin of 17.90% and a return on equity of 11.92%. Banco Santander has set its FY 2025 guidance at EPS. Research analysts forecast that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Banco Santander Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, November 6th. Investors 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 dividend yield of 263.0%. Banco Santander’s payout ratio is currently 19.15%.

Analysts Set New Price Targets

Several brokerages recently weighed in on SAN. Kepler Capital Markets cut Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Zacks Research upgraded 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 report on Thursday, October 16th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Banco Santander in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Banco Santander currently has an average 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.