269,253 Shares in Banco Santander, S.A. $SAN Acquired by Calamos Wealth Management LLC

Key Points

• Calamos Wealth Management LLC has acquired 269,253 shares of Banco Santander, valued at approximately $2.24 million, indicating significant interest from institutional investors in the bank.
• Banco Santander's stock currently holds an average rating of "Hold" from analysts, with reports of downgrades from "strong-buy" to "strong sell" by major brokerages.
• The company recently announced a dividend of $0.0956 per share, yielding 196%, with the payout scheduled for November 6, reinforcing investor confidence in its profitability.

Calamos Wealth Management LLC bought a new position in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 269,253 shares of the bank's stock, valued at approximately $2,235,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Richardson Financial Services Inc. acquired a new stake in Banco Santander during the 2nd quarter worth approximately $25,000. Dogwood Wealth Management LLC acquired a new stake in Banco Santander in the second quarter valued at approximately $33,000. Wayfinding Financial LLC acquired a new stake in Banco Santander in the first quarter valued at approximately $28,000. TD Private Client Wealth LLC grew its position in Banco Santander by 478.8% in the second quarter. TD Private Client Wealth LLC now owns 5,203 shares of the bank's stock valued at $43,000 after acquiring an additional 4,304 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in Banco Santander in the second quarter valued at approximately $69,000. Institutional investors and hedge funds own 9.19% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on SAN. Weiss Ratings reaffirmed a "buy (b+)" rating on shares of Banco Santander in a research report on Wednesday, October 8th. Kepler Capital Markets downgraded shares of Banco Santander from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Finally, The Goldman Sachs Group downgraded shares of Banco Santander from a "strong-buy" rating to a "strong sell" rating in a research report on Thursday. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold".

Banco Santander Trading Down 1.3%

SAN stock opened at $9.77 on Friday. Banco Santander, S.A. has a twelve month low of $4.43 and a twelve month high of $10.50. The company has a market capitalization of $145.43 billion, a P/E ratio of 10.86, a PEG ratio of 0.67 and a beta of 1.02. The firm has a 50 day simple moving average of $9.87 and a 200-day simple moving average of $8.52.

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 return on equity of 11.98% and a net margin of 17.30%.The company had revenue of $17.83 billion for the quarter, compared to analyst estimates of $17.69 billion. Banco Santander has set its FY 2025 guidance at EPS. On average, research analysts predict that Banco Santander, S.A. will post 0.83 EPS for the current year.

Banco Santander Announces Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, November 6th. Investors of record on Friday, October 31st will be paid 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 20.00%.

Banco Santander Company Profile

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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