Nwam LLC Decreases Stock Holdings in Banco Santander, S.A. $SAN

Nwam LLC lowered its stake in Banco Santander, S.A. (NYSE:SAN) by 11.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 563,832 shares of the bank’s stock after selling 74,915 shares during the quarter. Nwam LLC’s holdings in Banco Santander were worth $4,934,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in SAN. Chevy Chase Trust Holdings LLC lifted its holdings 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 valued at $120,209,000 after purchasing an additional 2,607,392 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Banco Santander by 153.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,001,256 shares of the bank’s stock worth $24,910,000 after purchasing an additional 1,817,192 shares during the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in Banco Santander in the 1st quarter valued at about $10,181,000. Citigroup Inc. increased its stake in Banco Santander by 170.6% during the 1st quarter. Citigroup Inc. now owns 2,349,567 shares of the bank’s stock worth $15,742,000 after buying an additional 1,481,207 shares in the last quarter. Finally, Steamboat Capital Partners LLC acquired a new position in shares of Banco Santander during the first quarter valued at approximately $6,700,000. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander Stock Performance

Shares of Banco Santander stock opened at $10.66 on Tuesday. The business’s 50 day moving average price is $10.03 and its 200 day moving average price is $8.95. The company has a market cap of $158.68 billion, a price-to-earnings ratio of 11.34, a PEG ratio of 0.70 and a beta of 1.05. Banco Santander, S.A. has a one year low of $4.43 and a one year high of $10.66.

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

Banco Santander Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. The Goldman Sachs Group lowered Banco Santander from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday, October 16th. Zacks Research upgraded 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 research note on Wednesday, October 8th. Finally, Kepler Capital Markets cut shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. One investment 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 issued a Sell rating to the company. Based on data from MarketBeat.com, Banco Santander 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.