M&T Bank Corp Sells 114,447 Shares of Banco Santander, S.A. $SAN

Key Points

• M&T Bank cut its stake in Banco Santander by 75.4%, selling 114,447 shares in Q4 and leaving 37,363 shares valued at about $438,000.
• Banco Santander completed the TSB takeover, reported a record underlying Q1 profit and is increasing fintech exposure, but missed Q1 EPS by $0.02 ($0.27 vs. $0.29) and faces near‑term UK costs from a motor‑finance scandal.
• The bank declared a dividend of $0.1473 payable May 8 (record/ex‑dividend date May 4), and analyst coverage is broadly positive with a consensus rating of Moderate Buy.

M&T Bank Corp cut its holdings in Banco Santander, S.A. (NYSE:SAN - Free Report) by 75.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,363 shares of the bank's stock after selling 114,447 shares during the period. M&T Bank Corp's holdings in Banco Santander were worth $438,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SAN. Root Financial Partners LLC purchased a new position in shares of Banco Santander in the third quarter worth about $25,000. True Wealth Design LLC purchased a new stake in Banco Santander during the 3rd quarter valued at about $27,000. Eagle Bay Advisors LLC purchased a new stake in Banco Santander during the 4th quarter valued at about $31,000. Sound Income Strategies LLC grew its position in Banco Santander by 11,752.0% during the 4th quarter. Sound Income Strategies LLC now owns 2,963 shares of the bank's stock worth $36,000 after acquiring an additional 2,938 shares during the last quarter. Finally, Binnacle Investments Inc increased its stake in Banco Santander by 96.2% in the 3rd quarter. Binnacle Investments Inc now owns 3,227 shares of the bank's stock worth $34,000 after purchasing an additional 1,582 shares during the period. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

More Banco Santander News

Here are the key news stories impacting Banco Santander this week:

• Positive Sentiment: Santander completed the takeover of TSB, gaining a much bigger UK retail footprint and scale on the high street. Santander completes £2.65B takeover of TSB Sabadell sells TSB to Banco Santander for €3.3bn
• Positive Sentiment: Santander reported a record underlying Q1 profit and reaffirmed targets, supporting its operational story and capital generation. Santander reports record Q1 profit, reaffirms targets
• Positive Sentiment: Analysts are revising upwards — Erste Group raised FY2027 earnings estimates for Santander, which supports forward EPS expectations (estimate lift to $1.40 from $1.37).
• Positive Sentiment: Santander is increasing its strategic fintech exposure by investing in Ebury ( ~£50m ), and participating in wider funding rounds — this expands international payments capabilities. Santander to invest $67 mln in Ebury
• Neutral Sentiment: Some coverage remains constructive but watchful — Barclays reiterated a Buy on Santander, which supports investor interest but may already be priced in. Barclays Remains a Buy on Banco Santander (BNC)
• Neutral Sentiment: Santander flagged limits around non‑IFRS and ESG metrics in its Q1 presentation — useful context for analysts but not an immediate earnings driver. Santander Flags Limits of Non-IFRS and ESG Metrics in 1Q 2026 Results
• Neutral Sentiment: Value/earnings-focused commentary (e.g., Zacks) argues Santander may be undervalued, which can support longer-term interest but is not an immediate catalyst. Are Investors Undervaluing Banco Santander (SAN) Right Now?
• Negative Sentiment: Santander UK is absorbing hit from a motor‑finance scandal with associated customer payouts and one‑off costs, which depress near‑term UK profits and offset some acquisition benefits. Santander UK takes profit hit from further costs of motor finance scandal

Banco Santander Stock Down 0.9%

Shares of SAN stock opened at $12.08 on Friday. The stock has a fifty day moving average of $11.72 and a 200 day moving average of $11.47. The firm has a market capitalization of $177.51 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 0.68 and a beta of 0.73. Banco Santander, S.A. has a 52 week low of $7.07 and a 52 week high of $13.24.

Banco Santander (NYSE:SAN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The bank reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). Banco Santander had a return on equity of 12.23% and a net margin of 26.92%.The company had revenue of $17.53 billion during the quarter, compared to the consensus estimate of $17.66 billion. Equities research analysts anticipate that Banco Santander, S.A. will post 1.12 earnings per share for the current year.

Banco Santander Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, May 8th. Investors of record on Monday, May 4th will be paid a $0.1473 dividend. This represents a yield of 254.0%. The ex-dividend date of this dividend is Monday, May 4th. Banco Santander's dividend payout ratio is presently 15.70%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SAN. Morgan Stanley raised Banco Santander from an "equal weight" rating to an "overweight" rating in a research note on Monday, March 23rd. Kepler Capital Markets raised shares of Banco Santander from a "hold" rating to a "buy" rating in a research note on Tuesday, January 13th. Santander reissued an "overweight" rating on shares of Banco Santander in a research report on Thursday. UBS Group reissued a "buy" rating on shares of Banco Santander in a report on Monday, February 16th. Finally, Royal Bank Of Canada upgraded shares of Banco Santander from a "sector perform" rating to an "outperform" rating in a research report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Banco Santander presently has a consensus rating of "Moderate Buy".

Banco Santander Profile

Banco Santander, SA NYSE: SAN is a Spanish multinational banking group headquartered in Santander, Spain. Founded in 1857, the bank has grown from a regional institution into one of Europe's largest banking groups, operating a diversified financial services platform that serves retail, small and medium-sized enterprises, and large corporate clients. Santander is publicly listed in Spain and maintains American Depositary Receipts on the New York Stock Exchange under the ticker SAN.

The group's core activities include retail and commercial banking—offering deposit accounts, payment services, mortgages, personal and auto loans, and small business financing—alongside corporate and investment banking services for larger institutional clients.

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