Naviter Wealth LLC Increases Stake in Banco Santander, S.A. $SAN

Naviter Wealth LLC lifted its stake in Banco Santander, S.A. (NYSE:SAN) by 4.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 345,069 shares of the bank’s stock after purchasing an additional 14,476 shares during the quarter. Naviter Wealth LLC’s holdings in Banco Santander were worth $2,864,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SAN. GAMMA Investing LLC raised its position in shares of Banco Santander by 33.1% in the 1st quarter. GAMMA Investing LLC now owns 43,886 shares of the bank’s stock valued at $294,000 after purchasing an additional 10,916 shares during the last quarter. SG Americas Securities LLC purchased a new position in Banco Santander during the 1st quarter worth approximately $307,000. Simon Quick Advisors LLC raised its position in Banco Santander by 136.5% during the 1st quarter. Simon Quick Advisors LLC now owns 29,954 shares of the bank’s stock worth $201,000 after buying an additional 17,289 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Banco Santander by 3.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 89,489 shares of the bank’s stock worth $600,000 after buying an additional 3,317 shares during the last quarter. Finally, D Orazio & Associates Inc. raised its position in Banco Santander by 24.7% during the 1st quarter. D Orazio & Associates Inc. now owns 22,965 shares of the bank’s stock worth $154,000 after buying an additional 4,551 shares during the last quarter. 9.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Kepler Capital Markets lowered shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. The Goldman Sachs Group raised shares of Banco Santander to a “strong-buy” rating in a research report on Thursday, September 25th. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Santander in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Banco Santander Price Performance

NYSE:SAN opened at $10.06 on Tuesday. The firm has a market cap of $149.67 billion, a price-to-earnings ratio of 11.17, a price-to-earnings-growth ratio of 0.78 and a beta of 1.02. The company has a 50 day moving average price of $9.80 and a 200-day moving average price of $8.44. Banco Santander, S.A. has a 1-year low of $4.43 and a 1-year high of $10.50.

Banco Santander (NYSE:SAN) last released its quarterly earnings results on Wednesday, July 30th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.04). Banco Santander had a net margin of 17.30% and a return on equity of 11.98%. The company had revenue of $17.83 billion during the quarter, compared to analyst estimates of $17.69 billion. Banco Santander has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Banco Santander Announces Dividend

The business also recently declared a dividend, which will be paid on Thursday, November 6th. Investors of record on Friday, October 31st will be paid a $0.0956 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a yield of 196.0%. Banco Santander’s dividend payout ratio (DPR) is currently 20.00%.

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.