Banco Santander, S.A. $SAN Shares Acquired by Pekin Hardy Strauss Inc.

by · The Cerbat Gem

Pekin Hardy Strauss Inc. increased its stake in Banco Santander, S.A. (NYSE:SAN – Free Report) by 104.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 241,250 shares of the bank’s stock after purchasing an additional 123,150 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Banco Santander were worth $2,002,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Foster Group Inc. boosted its holdings in shares of Banco Santander by 11.9% during the second quarter. Foster Group Inc. now owns 17,458 shares of the bank’s stock valued at $145,000 after acquiring an additional 1,860 shares during the period. CWM LLC grew its position in Banco Santander by 6.5% in the 2nd quarter. CWM LLC now owns 33,942 shares of the bank’s stock worth $282,000 after purchasing an additional 2,085 shares during the last quarter. May Hill Capital LLC increased its stake in shares of Banco Santander by 10.3% in the second quarter. May Hill Capital LLC now owns 24,166 shares of the bank’s stock valued at $201,000 after purchasing an additional 2,249 shares during the period. CogentBlue Wealth Advisors LLC boosted its position in shares of Banco Santander by 13.3% during the second quarter. CogentBlue Wealth Advisors LLC now owns 19,736 shares of the bank’s stock worth $164,000 after buying an additional 2,315 shares during the period. Finally, Brighton Jones LLC grew its holdings in Banco Santander by 20.8% in the 2nd quarter. Brighton Jones LLC now owns 13,495 shares of the bank’s stock worth $112,000 after buying an additional 2,325 shares in the last quarter. 9.19% of the stock is owned by institutional investors and hedge funds.

Banco Santander Trading Up 0.7%

NYSE:SAN opened at $10.30 on Friday. The company has a 50-day moving average of $10.00 and a 200-day moving average of $8.88. The firm has a market cap of $153.26 billion, a price-to-earnings ratio of 10.95, a price-to-earnings-growth ratio of 0.70 and a beta of 1.05. Banco Santander, S.A. has a twelve month low of $4.43 and a twelve month high of $10.50.

Banco Santander (NYSE:SAN – Get Free Report) last released its earnings results on Wednesday, October 29th. The bank reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). The business had revenue of $17.80 billion for the quarter, compared to analyst estimates 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. On average, research analysts forecast that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Banco Santander Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, November 6th. Stockholders of record on Friday, October 31st were issued a dividend of $0.0956 per share. 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 currently 19.15%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. 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 research note on Thursday, October 16th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Banco Santander in a research note on Wednesday, October 8th. Finally, Kepler Capital Markets lowered shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Check Out Our Latest Analysis on SAN

Banco Santander Company Profile

(Free Report)

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.

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