Huntington National Bank Has $243,000 Stake in Banco Santander, S.A. $SAN

Huntington National Bank lifted its stake in Banco Santander, S.A. (NYSE:SAN) by 89.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 29,282 shares of the bank’s stock after purchasing an additional 13,806 shares during the quarter. Huntington National Bank’s holdings in Banco Santander were worth $243,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Richardson Financial Services Inc. bought a new stake in shares of Banco Santander during the 2nd quarter valued at $25,000. Westside Investment Management Inc. acquired a new position in Banco Santander in the second quarter valued at about $30,000. Dogwood Wealth Management LLC bought a new stake in Banco Santander during the second quarter worth about $33,000. Whipplewood Advisors LLC grew its stake in Banco Santander by 35,550.0% during the second quarter. Whipplewood Advisors LLC now owns 4,991 shares of the bank’s stock worth $41,000 after buying an additional 4,977 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its holdings in Banco Santander by 478.8% in the 2nd quarter. TD Private Client Wealth LLC now owns 5,203 shares of the bank’s stock valued at $43,000 after buying an additional 4,304 shares during the period. Institutional investors own 9.19% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SAN shares. Zacks Research upgraded shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 20th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Banco Santander in a report on Wednesday, October 8th. The Goldman Sachs Group cut Banco Santander from a “strong-buy” rating to a “strong sell” rating in a report on Thursday, October 16th. Finally, Kepler Capital Markets downgraded Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Banco Santander Price Performance

Shares of Banco Santander stock opened at $10.35 on Friday. The company’s 50 day moving average price is $10.01 and its two-hundred day moving average price is $8.90. The firm has a market capitalization of $153.99 billion, a P/E ratio of 11.01, a P/E/G ratio of 0.70 and a beta of 1.05. Banco Santander, S.A. has a fifty-two week low of $4.43 and a fifty-two week high of $10.50.

Banco Santander (NYSE:SAN) last announced its quarterly earnings results on Wednesday, October 29th. The bank reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). Banco Santander had a net margin of 17.90% and a return on equity of 11.92%. The firm had revenue of $17.80 billion during the quarter, compared to the consensus estimate of $15.32 billion. Banco Santander has set its FY 2025 guidance at EPS. On average, analysts expect that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Banco Santander Dividend Announcement

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