Banco Santander (NYSE:SAN) Sees Large Volume Increase - Here's What Happened

Key Points

• Banco Santander’s trading volume surged 249% to approximately 39.5 million shares, while the stock fell 2.1% to $14.285 from its prior close of $14.59.
• Analyst sentiment remains generally positive, with six Buy ratings, three Holds, and one Sell, resulting in a consensus “Moderate Buy” rating. However, some analysts recently downgraded their assessments.
• The bank slightly missed quarterly EPS expectations, reporting $0.27 versus the $0.29 consensus, while revenue of $17.93 billion exceeded estimates. Institutional investors own 9.19% of the company.

Shares of Banco Santander, S.A. (NYSE:SAN - Get Free Report) saw an uptick in trading volume on Tuesday . Approximately 39,500,492 shares traded hands during trading, an increase of 249% from the previous session's volume of 11,309,639 shares.The stock last traded at $14.2850 and had previously closed at $14.59.

Analysts Set New Price Targets

A number of analysts have commented on SAN shares. Wall Street Zen cut shares of Banco Santander from a "buy" rating to a "hold" rating in a research report on Saturday, July 18th. Weiss Ratings lowered Banco Santander from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Wednesday, July 29th. Finally, Santander reiterated a "buy" rating on shares of Banco Santander in a report on Tuesday, June 23rd. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Banco Santander has a consensus rating of "Moderate Buy".

Banco Santander Stock Down 2.1%

The firm's 50 day simple moving average is $13.79 and its two-hundred day simple moving average is $12.62. The stock has a market capitalization of $209.84 billion, a P/E ratio of 11.61, a P/E/G ratio of 0.79 and a beta of 0.73.

Banco Santander (NYSE:SAN - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.02). Banco Santander had a return on equity of 12.43% and a net margin of 26.94%.The company had revenue of $17.93 billion for the quarter, compared to the consensus estimate of $17.90 billion. As a group, equities research analysts expect that Banco Santander, S.A. will post 1.16 earnings per share for the current year.

Institutional Trading of Banco Santander

Several hedge funds have recently bought and sold shares of the business. Morgan Stanley raised its holdings in Banco Santander by 3.2% during the fourth quarter. Morgan Stanley now owns 56,109,418 shares of the bank's stock worth $658,164,000 after buying an additional 1,719,432 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Banco Santander by 2.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 18,037,272 shares of the bank's stock worth $211,577,000 after acquiring an additional 398,787 shares in the last quarter. Capital International Investors raised its holdings in shares of Banco Santander by 1.6% in the 4th quarter. Capital International Investors now owns 14,766,849 shares of the bank's stock worth $174,839,000 after acquiring an additional 237,825 shares during the last quarter. Northern Trust Corp lifted its position in 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 acquiring an additional 1,000,811 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Banco Santander by 118.9% during the 1st quarter. Bank of America Corp DE now owns 11,413,194 shares of the bank's stock valued at $128,741,000 after purchasing an additional 6,198,828 shares during the last quarter. Institutional investors and hedge funds own 9.19% of the company's stock.

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.

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