Park Avenue Securities LLC reduced its stake in shares of Banco Santander, S.A. (NYSE:SAN – Free Report) by 11.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 395,076 shares of the bank’s stock after selling 53,598 shares during the quarter. Park Avenue Securities LLC’s holdings in Banco Santander were worth $5,464,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of SAN. Orange Investment Advisors Inc. acquired a new position in Banco Santander in the third quarter valued at $1,029,000. Signaturefd LLC grew its holdings in shares of Banco Santander by 5.1% during the third quarter. Signaturefd LLC now owns 408,703 shares of the bank’s stock worth $5,652,000 after purchasing an additional 19,820 shares during the last quarter. Evergreen Capital Management LLC increased its position in shares of Banco Santander by 15.0% during the third quarter. Evergreen Capital Management LLC now owns 288,546 shares of the bank’s stock worth $3,991,000 after purchasing an additional 37,537 shares in the last quarter. Gibbs Wealth Management increased its position in shares of Banco Santander by 24.0% during the third quarter. Gibbs Wealth Management now owns 48,093 shares of the bank’s stock worth $665,000 after purchasing an additional 9,315 shares in the last quarter. Finally, West Financial Advisors LLC purchased a new stake in shares of Banco Santander in the 3rd quarter valued at about $41,000. 9.19% of the stock is currently owned by institutional investors and hedge funds.
Banco Santander News Summary
Here are the key news stories impacting Banco Santander this week:
- Positive Sentiment: Underlying profit increased 16% to €11.2 billion in the first nine months of 2026, supported by efficiency gains, the Webster and TSB acquisitions, and 17 million new customers. Banco Santander reports 16% increase in underlying profit
- Positive Sentiment: Quarterly earnings per share came in at $0.30, exceeding the $0.26 analyst consensus. Santander also reiterated its full-year guidance and said it remains comfortably on track to meet its targets. Santander posts lower profit after increase in loan-loss provisions
- Positive Sentiment: Santander completed a €1.825 billion share-repurchase program. The repurchased shares are expected to be canceled, reducing share capital by approximately 1.03% and potentially supporting per-share value. Banco Santander completes buyback
- Positive Sentiment: Erste Group raised its Santander EPS forecasts to $1.16 for fiscal 2026 and $1.43 for fiscal 2027, above its previous estimates. Banco Santander analyst estimates
- Neutral Sentiment: Management highlighted the Webster and TSB transactions as contributors to growth, but investors may continue to assess the execution risk and costs associated with integrating the acquisitions. Santander details Webster and TSB acquisitions
- Negative Sentiment: Reported profit was pressured by increased loan-loss provisions, impairments and integration costs. Total quarterly revenue of $18.08 billion also fell slightly short of the $18.14 billion consensus estimate. Santander Q3 earnings exceed expectations but total income misses
- Negative Sentiment: Santander UK reported a 6% decline in pre-tax profit and plans additional cost reductions, signaling pressure on profitability in an important operating market. Santander UK plans more cost cuts
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. Wall Street Zen cut Banco Santander from a “buy” rating to a “hold” rating in a research report on Saturday, October 3rd. Weiss Ratings downgraded Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, October 23rd. UBS Group reaffirmed a “buy” rating on shares of Banco Santander in a research report on Monday, September 21st. Barclays reiterated a “buy” rating on shares of Banco Santander in a research note on Tuesday, July 14th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Banco Santander in a report on Monday, July 27th. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.10.
View Our Latest Stock Analysis on SAN
Banco Santander Stock Performance
Shares of SAN opened at $11.70 on Thursday. Banco Santander, S.A. has a fifty-two week low of $9.96 and a fifty-two week high of $15.05. The company has a market capitalization of $171.82 billion, a price-to-earnings ratio of 9.51, a price-to-earnings-growth ratio of 0.63 and a beta of 0.74. The firm has a 50-day simple moving average of $14.01 and a 200-day simple moving average of $12.96.
Banco Santander Dividend Announcement
The business also recently disclosed a dividend, which will be paid on Thursday, November 5th. Shareholders of record on Friday, October 30th will be paid a dividend of $0.1439 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a yield of 217.0%. Banco Santander’s dividend payout ratio is currently 17.07%.
Banco Santander Company Profile
Banco Santander, SA is a Spain-based global banking group founded in 1857 and headquartered in Santander, Spain. The company provides financial services to individuals, businesses, institutions and governments through a network spanning Europe, North America and South America.
Its principal activities include retail and commercial banking, consumer finance, corporate and investment banking, payments, asset management and private banking. Santander offers products and services such as current and savings accounts, mortgages, personal and business loans, credit cards, insurance, investment products, cash-management services and financing for corporate clients.
The group operates through established banking businesses in markets including Spain, the United Kingdom, Portugal, Poland, Brazil, Mexico, Chile, Argentina and the United States.
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