Banco Santander, S.A. $SAN Holdings Lifted by Truist Financial Corp

Key Points

• Truist Financial Corp increased its holdings in Banco Santander by 126.6% during the second quarter, owning a total of 99,112 shares worth approximately $823,000.
• Banco Santander reported earnings per share (EPS) of $0.22 for the last quarter, missing estimates by $0.04, while its revenue was $17.83 billion, exceeding expectations.
• The company declared a dividend of $0.0956 per share, with a yield of 196.0%, set to be paid on November 6th.

Truist Financial Corp increased its holdings in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 126.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,112 shares of the bank's stock after buying an additional 55,372 shares during the quarter. Truist Financial Corp's holdings in Banco Santander were worth $823,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Emerald Advisors LLC acquired a new stake in Banco Santander during the second quarter valued at $83,000. Greenleaf Trust lifted its position in shares of Banco Santander by 14.3% in the second quarter. Greenleaf Trust now owns 63,735 shares of the bank's stock worth $529,000 after buying an additional 7,997 shares during the last quarter. HB Wealth Management LLC lifted its position in shares of Banco Santander by 85.3% in the second quarter. HB Wealth Management LLC now owns 57,042 shares of the bank's stock worth $473,000 after buying an additional 26,251 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Banco Santander by 395.3% in the second quarter. Janney Montgomery Scott LLC now owns 70,712 shares of the bank's stock worth $587,000 after buying an additional 56,436 shares during the last quarter. Finally, Venture Visionary Partners LLC lifted its position in shares of Banco Santander by 2.3% in the second quarter. Venture Visionary Partners LLC now owns 135,599 shares of the bank's stock worth $1,125,000 after buying an additional 3,052 shares during the last quarter. Hedge funds and other institutional investors own 9.19% of the company's stock.

Banco Santander Stock Up 3.1%

Shares of SAN opened at $10.06 on Tuesday. Banco Santander, S.A. has a 12-month low of $4.43 and a 12-month high of $10.50. The firm has a market capitalization of $149.67 billion, a price-to-earnings ratio of 11.17, a P/E/G ratio of 0.78 and a beta of 1.02. The stock's 50-day moving average price is $9.80 and its 200 day moving average price is $8.44.

Banco Santander (NYSE:SAN - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $17.69 billion. Banco Santander has set its FY 2025 guidance at EPS. Equities research analysts expect that Banco Santander, S.A. will post 0.83 EPS for the current year.

Banco Santander Announces Dividend

The company also recently declared 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. This represents a yield of 196.0%. The ex-dividend date is Friday, October 31st. Banco Santander's payout ratio is currently 20.00%.

Wall Street Analysts Forecast Growth

SAN has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a "buy (b+)" rating on shares of Banco Santander in a research report on Wednesday, October 8th. Kepler Capital Markets cut Banco Santander from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Finally, The Goldman Sachs Group raised Banco Santander to a "strong-buy" rating in a research report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy".

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.

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