Ethic Inc. Trims Stake in Banco Santander, S.A. $SAN

Key Points

• Ethic Inc. reduced its stake in Banco Santander by 20.5%, selling 97,766 shares in Q2, leaving them with 378,395 shares valued at approximately $3.12 million.
• Banco Santander announced a dividend of $0.0956, payable on November 6th, with an ex-dividend date of October 31st, offering a yield of 196.0%.
• Analysts have mixed ratings on Banco Santander, with one Strong Buy, three Buy, one Hold, and one Sell rating, resulting in an overall average rating of Moderate Buy.

Ethic Inc. lowered its stake in Banco Santander, S.A. (NYSE:SAN - Free Report) by 20.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 378,395 shares of the bank's stock after selling 97,766 shares during the quarter. Ethic Inc.'s holdings in Banco Santander were worth $3,118,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SAN. Chevy Chase Trust Holdings LLC lifted its stake in Banco Santander by 22.0% in the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 14,482,986 shares of the bank's stock valued at $120,209,000 after buying an additional 2,607,392 shares in the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in shares of Banco Santander during the 1st quarter worth $10,181,000. Citigroup Inc. lifted its stake in shares of Banco Santander by 170.6% during the 1st quarter. Citigroup Inc. now owns 2,349,567 shares of the bank's stock worth $15,742,000 after purchasing an additional 1,481,207 shares during the period. Steamboat Capital Partners LLC purchased a new position in shares of Banco Santander during the 1st quarter worth $6,700,000. Finally, Northern Trust Corp lifted its stake in shares of Banco Santander by 6.3% during the 1st quarter. Northern Trust Corp now owns 11,457,741 shares of the bank's stock worth $76,767,000 after purchasing an additional 682,480 shares during the period. Hedge funds and other institutional investors own 9.19% of the company's stock.

Wall Street Analyst Weigh In

SAN has been the topic of a number of recent analyst reports. Weiss Ratings reissued a "buy (b+)" rating on shares of Banco Santander in a research note on Friday. Kepler Capital Markets lowered Banco Santander from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Zacks Research raised Banco Santander from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 20th. Finally, The Goldman Sachs Group lowered Banco Santander from a "strong-buy" rating to a "strong sell" rating in a research note on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Banco Santander currently has an average rating of "Moderate Buy".

Banco Santander Trading Down 0.4%

Shares of SAN opened at $9.67 on Friday. The firm has a market capitalization of $143.87 billion, a P/E ratio of 10.74, a price-to-earnings-growth ratio of 0.66 and a beta of 1.02. The stock's fifty day simple moving average is $9.89 and its 200 day simple moving average is $8.63. 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 issued its earnings results on Wednesday, July 30th. The bank reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.04). The firm had revenue of $17.83 billion during the quarter, compared to analysts' expectations 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. Sell-side analysts predict that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Banco Santander Announces Dividend

The business also recently declared a dividend, which will be paid on Thursday, November 6th. Investors of record on Friday, October 31st will be issued a $0.0956 dividend. This represents a yield of 196.0%. The ex-dividend date is Friday, October 31st. Banco Santander's dividend payout ratio is currently 20.00%.

Banco Santander 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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