Verdence Capital Advisors LLC Grows Stock Position in Banco Santander, S.A. $SAN

Key Points

• Verdence Capital Advisors LLC increased its stake in Banco Santander, S.A. by 203.0%, acquiring a total of 137,043 shares valued at approximately $1,137,000.
• Banco Santander recently announced a dividend of $0.0956 per share, which will be paid on November 6, and has a current dividend yield of 196.0%.
• The bank's shares are trading at $10.06, with a market cap of $149.67 billion and a P/E ratio of 11.17.

Verdence Capital Advisors LLC boosted its stake in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 203.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 137,043 shares of the bank's stock after buying an additional 91,807 shares during the period. Verdence Capital Advisors LLC's holdings in Banco Santander were worth $1,137,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Chevy Chase Trust Holdings LLC raised its holdings in Banco Santander by 30.5% during the 1st quarter. Chevy Chase Trust Holdings LLC now owns 11,875,594 shares of the bank's stock valued at $79,566,000 after buying an additional 2,774,449 shares during the period. Northern Trust Corp increased its stake in Banco Santander by 6.3% in the first 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. Citigroup Inc. increased its stake in Banco Santander by 170.6% in the first 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. QRG Capital Management Inc. increased its stake in Banco Santander by 14.1% in the second quarter. QRG Capital Management Inc. now owns 2,208,662 shares of the bank's stock worth $18,332,000 after purchasing an additional 273,348 shares during the period. Finally, Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new stake in Banco Santander in the first quarter worth $10,181,000. Hedge funds and other institutional investors own 9.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SAN. The Goldman Sachs Group upgraded Banco Santander to a "strong-buy" rating in a research note on Thursday, September 25th. Kepler Capital Markets lowered Banco Santander from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Finally, Weiss Ratings reiterated a "buy (b+)" rating on shares of Banco Santander in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Banco Santander presently has a consensus rating of "Buy".

Banco Santander Trading Up 3.1%

Shares of Banco Santander stock opened at $10.06 on Tuesday. The firm has a market cap of $149.67 billion, a P/E ratio of 11.17, a P/E/G ratio of 0.78 and a beta of 1.02. Banco Santander, S.A. has a 12 month low of $4.43 and a 12 month high of $10.50. The stock's fifty 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 announced its quarterly earnings results on Wednesday, July 30th. The bank reported $0.22 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.04). The firm had revenue of $17.83 billion for the quarter, compared to analysts' expectations 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. Analysts forecast that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Banco Santander Announces Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, November 6th. Investors of record on Friday, October 31st will be given a dividend of $0.0956 per share. 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 presently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.