Global Retirement Partners LLC Has $1.66 Million Stock Position in Banco Santander, S.A. $SAN

Global Retirement Partners LLC grew its position in Banco Santander, S.A. (NYSE:SAN) by 249.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 141,084 shares of the bank’s stock after buying an additional 100,715 shares during the period. Global Retirement Partners LLC’s holdings in Banco Santander were worth $1,655,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital International Investors increased its stake in shares of Banco Santander by 67.5% in the 3rd quarter. Capital International Investors now owns 14,529,024 shares of the bank’s stock valued at $149,504,000 after buying an additional 5,856,034 shares during the period. Northern Trust Corp increased its stake in shares of Banco Santander by 8.5% in the 3rd quarter. Northern Trust Corp now owns 12,844,029 shares of the bank’s stock valued at $134,605,000 after buying an additional 1,000,811 shares during the period. Lazard Asset Management LLC increased its stake in shares of Banco Santander by 20.5% in the 3rd quarter. Lazard Asset Management LLC now owns 9,211,673 shares of the bank’s stock valued at $96,538,000 after buying an additional 1,568,515 shares during the period. CIBC Private Wealth Group LLC increased its stake in shares of Banco Santander by 4.4% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 8,981,872 shares of the bank’s stock valued at $94,130,000 after buying an additional 376,023 shares during the period. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of Banco Santander in the 3rd quarter valued at $93,811,000. 9.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 23rd. Weiss Ratings lowered Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, May 8th. UBS Group restated a “buy” rating on shares of Banco Santander in a research report on Monday, February 16th. Wall Street Zen upgraded Banco Santander from a “hold” rating to a “buy” rating in a research report on Sunday, April 26th. Finally, Santander restated an “outperform” rating on shares of Banco Santander in a research report on Tuesday, May 12th. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Banco Santander has a consensus rating of “Moderate Buy”.

Banco Santander Trading Up 0.1%

SAN stock opened at $12.06 on Monday. The business’s 50-day moving average price is $11.75 and its two-hundred day moving average price is $11.69. The firm has a market cap of $177.08 billion, a PE ratio of 9.96, a P/E/G ratio of 0.68 and a beta of 0.73. Banco Santander, S.A. has a 1-year low of $7.80 and a 1-year high of $13.24.

Banco Santander (NYSE:SAN) last posted its earnings results on Wednesday, April 29th. The bank reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.02). The business had revenue of $17.53 billion for the quarter, compared to the consensus estimate of $17.66 billion. Banco Santander had a return on equity of 12.23% and a net margin of 26.92%. On average, analysts forecast that Banco Santander, S.A. will post 1.12 earnings per share for the current year.

Banco Santander Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, May 8th. Shareholders of record on Monday, May 4th were issued a dividend of $0.1473 per share. The ex-dividend date was Monday, May 4th. This represents a yield of 255.0%. Banco Santander’s payout ratio is currently 17.36%.

Banco Santander Company Profile

Banco Santander, SA (NYSE: SAN) is a Spanish multinational banking group headquartered in Santander, Spain. Founded in 1857, the bank has grown from a regional institution into one of Europe’s largest banking groups, operating a diversified financial services platform that serves retail, small and medium-sized enterprises, and large corporate clients. Santander is publicly listed in Spain and maintains American Depositary Receipts on the New York Stock Exchange under the ticker SAN.

The group’s core activities include retail and commercial banking—offering deposit accounts, payment services, mortgages, personal and auto loans, and small business financing—alongside corporate and investment banking services for larger institutional clients.