Shares of Banco Santander, S.A. (NYSE:SAN - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $8.05 and last traded at $8.03, with a volume of 1515578 shares trading hands. The stock had previously closed at $7.91.
Wall Street Analysts Forecast Growth
SAN has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Banco Santander from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Keefe, Bruyette & Woods upgraded Banco Santander from a "hold" rating to a "moderate buy" rating in a research note on Monday, February 24th. Finally, The Goldman Sachs Group lowered shares of Banco Santander from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy".
Read Our Latest Analysis on SAN
Banco Santander Stock Up 1.7%
The company has a debt-to-equity ratio of 13.83, a current ratio of 2.24 and a quick ratio of 0.23. The company has a market cap of $121.90 billion, a PE ratio of 9.69, a price-to-earnings-growth ratio of 0.77 and a beta of 0.97. The company has a fifty day moving average price of $7.01 and a 200 day moving average price of $5.87.
Banco Santander (NYSE:SAN - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The bank reported $0.22 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.22. Banco Santander had a net margin of 15.88% and a return on equity of 11.90%. The firm had revenue of $17.69 billion for the quarter, compared to analysts' expectations of $15.94 billion. As a group, analysts anticipate that Banco Santander, S.A. will post 0.83 EPS for the current year.
Banco Santander Increases Dividend
The company also recently declared a semi-annual dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 30th were paid a $0.1152 dividend. This is a boost from Banco Santander's previous semi-annual dividend of $0.08. The ex-dividend date was Wednesday, April 30th. This represents a yield of 2.4%. Banco Santander's payout ratio is presently 20.69%.
Hedge Funds Weigh In On Banco Santander
A number of institutional investors and hedge funds have recently modified their holdings of SAN. Westbourne Investments Inc. bought a new position in shares of Banco Santander during the 1st quarter valued at approximately $453,000. Acadian Asset Management LLC purchased a new stake in Banco Santander in the first quarter worth about $601,000. Geneos Wealth Management Inc. lifted its position in Banco Santander by 358.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 14,177 shares of the bank's stock worth $95,000 after acquiring an additional 11,085 shares during the period. Focus Partners Wealth boosted its holdings in shares of Banco Santander by 65.3% in the 1st quarter. Focus Partners Wealth now owns 71,169 shares of the bank's stock valued at $477,000 after acquiring an additional 28,107 shares during the last quarter. Finally, Ascent Group LLC acquired a new position in shares of Banco Santander in the 1st quarter valued at about $339,000. 9.19% of the stock is currently owned by hedge funds and other institutional investors.
Banco Santander Company Profile
(
Get Free Report)
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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