Chevy Chase Trust Holdings LLC Has $120.21 Million Stock Position in Banco Santander, S.A. $SAN

Key Points

• Chevy Chase Trust Holdings LLC has increased its stake in Banco Santander, S.A. by 22% during the second quarter, now owning over 14.4 million shares valued at approximately $120 million.
• Banco Santander plans to pay a dividend of $0.0956 on November 6, 2023, with an ex-dividend date of October 31, representing a yield of 196%.
• Analyst ratings for Banco Santander have varied, with Goldman Sachs rating it as a "strong-buy" while Kepler Capital Markets downgraded it to "hold," indicating mixed investor sentiment.

Chevy Chase Trust Holdings LLC increased its holdings in Banco Santander, S.A. (NYSE:SAN - Free Report) by 22.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,482,986 shares of the bank's stock after acquiring an additional 2,607,392 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.10% of Banco Santander worth $120,209,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Stratos Wealth Partners LTD. acquired a new stake in shares of Banco Santander in the 2nd quarter worth about $90,000. Werba Rubin Papier Wealth Management acquired a new stake in shares of Banco Santander in the 2nd quarter worth about $84,000. Ritholtz Wealth Management raised its holdings in shares of Banco Santander by 1.0% in the 2nd quarter. Ritholtz Wealth Management now owns 387,164 shares of the bank's stock worth $3,213,000 after acquiring an additional 3,727 shares during the last quarter. Sagespring Wealth Partners LLC raised its holdings in shares of Banco Santander by 48.7% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 67,268 shares of the bank's stock worth $558,000 after acquiring an additional 22,017 shares during the last quarter. Finally, Naviter Wealth LLC raised its holdings in shares of Banco Santander by 4.4% in the 2nd quarter. Naviter Wealth LLC now owns 345,069 shares of the bank's stock worth $2,864,000 after acquiring an additional 14,476 shares during the last quarter. Institutional investors and hedge funds own 9.19% of the company's stock.

Analyst Ratings Changes

SAN has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised shares of Banco Santander to a "strong-buy" rating in a research report on Thursday, September 25th. 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, Weiss Ratings reaffirmed a "buy (b+)" rating on shares of Banco Santander in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

Banco Santander Stock Up 0.5%

Banco Santander stock opened at $9.92 on Friday. Banco Santander, S.A. has a twelve month low of $4.43 and a twelve month high of $10.50. The firm has a 50 day moving average price of $9.86 and a 200-day moving average price of $8.49. The company has a market capitalization of $147.66 billion, a P/E ratio of 11.02, a P/E/G ratio of 0.68 and a beta of 1.02.

Banco Santander (NYSE:SAN - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The bank reported $0.22 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.04). The business had revenue of $17.83 billion during the quarter, compared to the consensus estimate of $17.69 billion. Banco Santander had a return on equity of 11.98% and a net margin of 17.30%. Banco Santander has set its FY 2025 guidance at EPS. Equities analysts expect that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Banco Santander Announces Dividend

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