TrueMark Investments LLC Purchases 42,044 Shares of Banco Santander, S.A. $SAN

Key Points

• TrueMark Investments LLC increased its stake in Banco Santander, purchasing an additional 42,044 shares during Q2, raising its total holdings to 271,453 shares, valued at approximately $2.25 million.
• Banco Santander's recent earnings report revealed an EPS of $0.22, missing expectations of $0.26, with revenues of $17.83 billion during the quarter.
• The company has announced a dividend of $0.0956 per share, set to be paid on November 6, indicating a yield of 196.0%. The ex-dividend date is October 31.

TrueMark Investments LLC boosted its position in Banco Santander, S.A. (NYSE:SAN - Free Report) by 18.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 271,453 shares of the bank's stock after acquiring an additional 42,044 shares during the quarter. TrueMark Investments LLC's holdings in Banco Santander were worth $2,253,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SAN. Richardson Financial Services Inc. bought a new position in shares of Banco Santander in the 2nd quarter valued at $25,000. Wayfinding Financial LLC bought a new position in Banco Santander in the first quarter valued at about $28,000. Dogwood Wealth Management LLC acquired a new position in Banco Santander during the second quarter worth about $33,000. TD Private Client Wealth LLC lifted its holdings in shares of Banco Santander by 478.8% in the second quarter. TD Private Client Wealth LLC now owns 5,203 shares of the bank's stock worth $43,000 after acquiring an additional 4,304 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of Banco Santander by 63.2% in the 1st quarter. Larson Financial Group LLC now owns 9,532 shares of the bank's stock valued at $64,000 after purchasing an additional 3,693 shares in the last quarter. 9.19% of the stock is currently owned by institutional investors.

Banco Santander Stock Performance

SAN stock opened at $9.77 on Friday. 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 company has a fifty day moving average price of $9.87 and a 200-day moving average price of $8.52. Banco Santander, S.A. has a 52-week low of $4.43 and a 52-week high of $10.50.

Banco Santander (NYSE:SAN - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $17.83 billion during the quarter, compared to analyst estimates of $17.69 billion. Banco Santander had a net margin of 17.30% and a return on equity of 11.98%. Banco Santander has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Banco Santander Dividend Announcement

The business also recently announced 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 is Friday, October 31st. This represents a yield of 196.0%. Banco Santander's dividend payout ratio is presently 20.00%.

Analyst Upgrades and Downgrades

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

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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