Dogwood Wealth Management LLC Purchases New Position in Banco Santander, S.A. $SAN

Dogwood Wealth Management LLC purchased a new stake in shares of Banco Santander, S.A. (NYSE:SAN) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,742 shares of the bank’s stock, valued at approximately $33,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SAN. Wealth Enhancement Advisory Services LLC boosted its stake in Banco Santander by 18.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 86,172 shares of the bank’s stock valued at $393,000 after buying an additional 13,140 shares during the last quarter. GAMMA Investing LLC boosted its stake in Banco Santander by 791.8% during the first quarter. GAMMA Investing LLC now owns 294,036 shares of the bank’s stock valued at $1,970,000 after buying an additional 261,066 shares during the last quarter. Parallel Advisors LLC boosted its stake in Banco Santander by 11.5% during the first quarter. Parallel Advisors LLC now owns 83,469 shares of the bank’s stock valued at $559,000 after buying an additional 8,637 shares during the last quarter. Merit Financial Group LLC raised its position in Banco Santander by 53.6% during the first quarter. Merit Financial Group LLC now owns 37,102 shares of the bank’s stock valued at $249,000 after purchasing an additional 12,949 shares during the period. Finally, Armstrong Fleming & Moore Inc bought a new stake in shares of Banco Santander in the 1st quarter valued at approximately $75,000. 9.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Kepler Capital Markets lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Citigroup assumed coverage on Banco Santander in a research note on Wednesday, June 4th. They issued a “buy” rating for the company. Finally, The Goldman Sachs Group raised Banco Santander to a “strong-buy” rating in a research note on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Banco Santander currently has an average rating of “Buy”.

Banco Santander Stock Performance

Shares of NYSE SAN opened at $10.49 on Wednesday. The business’s 50 day moving average price is $9.56 and its 200-day moving average price is $8.24. Banco Santander, S.A. has a fifty-two week low of $4.43 and a fifty-two week high of $10.50. The company has a market cap of $156.15 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 0.82 and a beta of 1.08.

Banco Santander (NYSE:SAN) last issued its quarterly 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). Banco Santander had a return on equity of 11.98% and a net margin of 17.30%.The business had revenue of $17.83 billion during the quarter, compared to analysts’ expectations of $17.69 billion. 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 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.