Vanguard Personalized Indexing Management LLC Purchases 114,468 Shares of Banco Santander, S.A. $SAN

Vanguard Personalized Indexing Management LLC boosted its position in Banco Santander, S.A. (NYSE:SAN – Free Report) by 19.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 713,288 shares of the bank’s stock after acquiring an additional 114,468 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Banco Santander were worth $5,920,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SAN. Richardson Financial Services Inc. purchased a new stake in shares of Banco Santander during the second quarter worth $25,000. Wayfinding Financial LLC purchased a new stake in shares of Banco Santander during the first quarter worth $28,000. Dogwood Wealth Management LLC purchased a new stake in shares of Banco Santander during the second quarter worth $33,000. TD Private Client Wealth LLC lifted its position in shares of Banco Santander by 478.8% during the second quarter. TD Private Client Wealth LLC now owns 5,203 shares of the bank’s stock worth $43,000 after acquiring an additional 4,304 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of Banco Santander by 63.2% during the first quarter. Larson Financial Group LLC now owns 9,532 shares of the bank’s stock worth $64,000 after acquiring an additional 3,693 shares in the last quarter. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Banco Santander Stock Performance

Shares of SAN stock opened at $10.06 on Tuesday. Banco Santander, S.A. has a 52-week low of $4.43 and a 52-week high of $10.50. The company has a market capitalization of $149.67 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 0.78 and a beta of 1.02. The business’s fifty day moving average is $9.80 and its 200 day moving average is $8.44.

Banco Santander (NYSE:SAN – Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The bank reported $0.22 earnings per share 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 firm had revenue of $17.83 billion for the quarter, compared to analysts’ expectations of $17.69 billion. Banco Santander has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Banco Santander Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have issued reports on SAN shares. Weiss Ratings restated a “buy (b+)” rating on shares of Banco Santander in a research report on Wednesday, October 8th. The Goldman Sachs Group upgraded Banco Santander to a “strong-buy” rating in a research report on Thursday, September 25th. Finally, Kepler Capital Markets downgraded 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 issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

View Our Latest Report on SAN

Banco Santander 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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