Midwest Trust Co Takes Position in Banco Santander, S.A. $SAN

Midwest Trust Co acquired a new stake in Banco Santander, S.A. (NYSE:SAN) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 64,947 shares of the bank’s stock, valued at approximately $539,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Chevy Chase Trust Holdings LLC raised its position in shares of 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 worth $120,209,000 after purchasing an additional 2,607,392 shares during the period. Northern Trust Corp lifted its stake in Banco Santander by 6.3% in the first quarter. Northern Trust Corp now owns 11,457,741 shares of the bank’s stock valued at $76,767,000 after buying an additional 682,480 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Banco Santander by 153.5% in the second quarter. Envestnet Asset Management Inc. now owns 3,001,256 shares of the bank’s stock valued at $24,910,000 after buying an additional 1,817,192 shares during the period. Citigroup Inc. raised its holdings in shares of Banco Santander by 170.6% during the first quarter. Citigroup Inc. now owns 2,349,567 shares of the bank’s stock worth $15,742,000 after acquiring an additional 1,481,207 shares during the period. Finally, QRG Capital Management Inc. lifted its position in Banco Santander by 14.1% in the 2nd quarter. QRG Capital Management Inc. now owns 2,208,662 shares of the bank’s stock valued at $18,332,000 after acquiring an additional 273,348 shares in the last quarter. 9.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on SAN. Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Santander in a research note on Wednesday, October 8th. Kepler Capital Markets lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. The Goldman Sachs Group downgraded Banco Santander from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, October 16th. Finally, Zacks Research upgraded shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a report on Monday, October 20th. One investment 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Banco Santander presently has an average rating of “Moderate Buy”.

Banco Santander Stock Up 1.2%

NYSE:SAN opened at $10.78 on Wednesday. Banco Santander, S.A. has a twelve month low of $4.43 and a twelve month high of $10.81. The firm has a market capitalization of $160.39 billion, a price-to-earnings ratio of 11.46, a price-to-earnings-growth ratio of 0.70 and a beta of 1.05. The stock’s 50 day moving average price is $10.06 and its two-hundred day moving average price is $8.98.

Banco Santander (NYSE:SAN) last released its 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). 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 during the quarter, compared to the consensus estimate of $15.32 billion. Banco Santander has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Banco Santander Announces Dividend

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