Banco Santander (NYSE:SAN) Hits New 12-Month High - What's Next?

Key Points

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Banco Santander, S.A. (NYSE:SAN - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $9.70 and last traded at $9.68, with a volume of 102406 shares traded. The stock had previously closed at $9.58.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Wall Street Zen upgraded Banco Santander from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Kepler Capital Markets cut Banco Santander from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Finally, Citigroup began coverage on Banco Santander in a report on Wednesday, June 4th. They issued a "buy" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".

Banco Santander Stock Up 0.3%

The stock has a 50 day simple moving average of $8.58 and a 200 day simple moving average of $7.44. The company has a market capitalization of $142.97 billion, a price-to-earnings ratio of 10.69, a P/E/G ratio of 1.08 and a beta of 1.06.

Banco Santander (NYSE:SAN - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.04). The business had revenue of $17.83 billion for the quarter, compared to analyst estimates of $17.69 billion. Banco Santander had a return on equity of 11.98% and a net margin of 17.30%. Banco Santander has set its FY 2025 guidance at EPS. As a group, analysts forecast that Banco Santander, S.A. will post 0.83 EPS for the current year.

Hedge Funds Weigh In On Banco Santander

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Chevy Chase Trust Holdings LLC boosted its position in shares of Banco Santander by 22.0% during the second quarter. Chevy Chase Trust Holdings LLC now owns 14,482,986 shares of the bank's stock worth $120,209,000 after buying an additional 2,607,392 shares during the period. Northern Trust Corp lifted its position in Banco Santander by 6.3% in the first 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 during the period. Lazard Asset Management LLC lifted its position in Banco Santander by 2,038,075.5% in the second quarter. Lazard Asset Management LLC now owns 7,643,158 shares of the bank's stock worth $63,438,000 after purchasing an additional 7,642,783 shares during the period. Teachers Retirement System of The State of Kentucky lifted its position in Banco Santander by 7.2% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 5,429,260 shares of the bank's stock worth $24,757,000 after purchasing an additional 362,500 shares during the period. Finally, Bank of America Corp DE lifted its position in Banco Santander by 68.5% in the second quarter. Bank of America Corp DE now owns 4,778,086 shares of the bank's stock worth $39,658,000 after purchasing an additional 1,942,579 shares during the period. 9.19% of the stock is currently owned by institutional investors and hedge funds.

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.

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