Yousif Capital Management LLC Buys 20,010 Shares of Banco Santander, S.A. $SAN

Yousif Capital Management LLC grew its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 8.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 264,936 shares of the bank’s stock after purchasing an additional 20,010 shares during the period. Yousif Capital Management LLC’s holdings in Banco Santander were worth $2,199,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Chevy Chase Trust Holdings LLC increased 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 worth $79,566,000 after purchasing an additional 2,774,449 shares in the last quarter. Northern Trust Corp increased its holdings in Banco Santander by 6.3% during the 1st 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 in the last quarter. Citigroup Inc. increased its holdings in Banco Santander by 170.6% during the 1st 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 in the last quarter. QRG Capital Management Inc. increased its holdings in Banco Santander by 14.1% during the 2nd 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 in the last quarter. Finally, Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in shares of Banco Santander in the 1st quarter worth approximately $10,181,000. 9.19% of the stock is owned by institutional investors.

Banco Santander Trading Down 1.3%

Banco Santander stock opened at $9.77 on Friday. Banco Santander, S.A. has a 12 month low of $4.43 and a 12 month high of $10.50. The business’s 50 day simple moving average is $9.87 and its 200 day simple moving average is $8.52. The company has a market cap of $145.43 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 0.67 and a beta of 1.02.

Banco Santander (NYSE:SAN) last posted its quarterly earnings data on Wednesday, July 30th. The bank reported $0.22 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.04). Banco Santander had a net margin of 17.30% and a return on equity of 11.98%. The firm 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. As a group, equities research analysts forecast that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Banco Santander Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Thursday, November 6th. Investors of record on Friday, October 31st will be paid 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 have recently weighed in on the company. Weiss Ratings restated a “buy (b+)” rating on shares of Banco Santander in a research note on Wednesday, October 8th. Kepler Capital Markets downgraded Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Finally, The Goldman Sachs Group downgraded Banco Santander from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company 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.