Banco Santander, S.A. (NYSE:SAN - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $7.70 and last traded at $7.70, with a volume of 5033630 shares. The stock had previously closed at $7.57.
Analyst Ratings Changes
A number of research analysts have recently commented on SAN shares. StockNews.com upgraded 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 report on Monday, February 24th. Finally, The Goldman Sachs Group downgraded Banco Santander from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 12th. One 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 stock. According to MarketBeat, Banco Santander currently has an average rating of "Buy".
Check Out Our Latest Research Report on Banco Santander
Banco Santander Stock Performance
The stock has a market capitalization of $117.51 billion, a price-to-earnings ratio of 9.34, a PEG ratio of 0.77 and a beta of 0.97. The firm has a fifty day moving average of $6.87 and a 200-day moving average of $5.74. The company has a quick ratio of 0.23, a current ratio of 2.24 and a debt-to-equity ratio of 13.83.
Banco Santander (NYSE:SAN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The bank reported $0.22 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.22. The firm had revenue of $17.69 billion during the quarter, compared to the consensus estimate of $15.94 billion. Banco Santander had a return on equity of 11.90% and a net margin of 15.88%. As a group, sell-side analysts anticipate that Banco Santander, S.A. will post 0.83 EPS for the current year.
Banco Santander Increases Dividend
The firm also recently announced a semi-annual dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 30th were given a $0.1152 dividend. This represents a dividend yield of 2.4%. This is a positive change from Banco Santander's previous semi-annual dividend of $0.08. The ex-dividend date of this dividend was Wednesday, April 30th. Banco Santander's dividend payout ratio is presently 20.69%.
Hedge Funds Weigh In On Banco Santander
A number of institutional investors have recently made changes to their positions in the business. FMR LLC raised its position in shares of Banco Santander by 5.1% in the 4th quarter. FMR LLC now owns 21,953,176 shares of the bank's stock valued at $100,106,000 after purchasing an additional 1,059,449 shares in the last quarter. Chevy Chase Trust Holdings LLC boosted its holdings in Banco Santander by 30.5% in the first 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 during the period. Northern Trust Corp boosted its holdings 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. Todd Asset Management LLC boosted its holdings in Banco Santander by 0.5% in the fourth quarter. Todd Asset Management LLC now owns 8,896,192 shares of the bank's stock worth $40,567,000 after purchasing an additional 45,326 shares during the period. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings 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. 9.19% of the stock is owned by institutional investors and hedge funds.
About Banco Santander
(
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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