Quadrant Capital Group LLC Cuts Holdings in Banco Santander, S.A. $SAN

Quadrant Capital Group LLC lowered its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 2.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 511,278 shares of the bank’s stock after selling 10,266 shares during the quarter. Quadrant Capital Group LLC’s holdings in Banco Santander were worth $4,244,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SAN. Foster Group Inc. raised its position in Banco Santander by 11.9% during the second quarter. Foster Group Inc. now owns 17,458 shares of the bank’s stock valued at $145,000 after purchasing an additional 1,860 shares in the last quarter. CWM LLC lifted its position in Banco Santander by 6.5% in the 2nd quarter. CWM LLC now owns 33,942 shares of the bank’s stock worth $282,000 after buying an additional 2,085 shares during the last quarter. Addison Advisors LLC grew its position in Banco Santander by 17.5% during the second quarter. Addison Advisors LLC now owns 14,132 shares of the bank’s stock valued at $117,000 after acquiring an additional 2,105 shares during the last quarter. Enterprise Financial Services Corp lifted its holdings in shares of Banco Santander by 14.0% in the 2nd quarter. Enterprise Financial Services Corp now owns 17,550 shares of the bank’s stock worth $146,000 after acquiring an additional 2,150 shares during the last quarter. Finally, May Hill Capital LLC grew its holdings in shares of Banco Santander by 10.3% during the 2nd quarter. May Hill Capital LLC now owns 24,166 shares of the bank’s stock valued at $201,000 after purchasing an additional 2,249 shares during the last quarter. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on SAN. Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Santander in a research note on Wednesday, October 8th. Kepler Capital Markets cut shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Zacks Research downgraded shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Finally, The Goldman Sachs Group cut Banco Santander from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday, October 16th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Banco Santander Stock Up 2.0%

Shares of SAN opened at $10.67 on Thursday. The business’s 50 day moving average price is $10.19 and its 200-day moving average price is $9.21. The stock has a market cap of $158.75 billion, a P/E ratio of 11.35, a P/E/G ratio of 0.70 and a beta of 1.05. Banco Santander, S.A. has a 52 week low of $4.43 and a 52 week high of $11.13.

Banco Santander (NYSE:SAN) last announced its quarterly earnings data on Wednesday, October 29th. The bank reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). Banco Santander had a return on equity of 11.92% and a net margin of 17.90%.The firm had revenue of $20.94 billion during the quarter, compared to analysts’ expectations of $15.32 billion. Banco Santander has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Banco Santander, S.A. will post 0.83 EPS for the current year.

Banco Santander Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, November 6th. Investors of record on Friday, October 31st were issued a $0.0956 dividend. The ex-dividend date of this dividend was Friday, October 31st. This represents a dividend yield of 263.0%. Banco Santander’s payout ratio is presently 19.15%.

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.