Banco Santander (NYSE:SAN) Sets New 1-Year High - Still a Buy?

Banco Santander, S.A. (NYSE:SAN - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The company traded as high as $8.90 and last traded at $8.90, with a volume of 5083664 shares. The stock had previously closed at $8.49.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SAN shares. Citigroup started coverage on shares of Banco Santander in a research note on Wednesday, June 4th. They set a "buy" rating for the company. Wall Street Zen upgraded shares of Banco Santander from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Banco Santander currently has a consensus rating of "Buy".

Banco Santander Stock Performance

The business has a 50 day moving average price of $8.20 and a two-hundred day moving average price of $6.92. The stock has a market cap of $133.30 billion, a PE ratio of 10.29, a P/E/G ratio of 0.99 and a beta of 0.99.

Banco Santander (NYSE:SAN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The bank reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $17.69 billion for the quarter, compared to the consensus estimate of $15.94 billion. Banco Santander had a net margin of 16.92% and a return on equity of 12.26%. As a group, research analysts anticipate that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Institutional Trading of Banco Santander

A number of large investors have recently added to or reduced their stakes in SAN. Richardson Financial Services Inc. purchased a new stake in Banco Santander during the second quarter valued at approximately $25,000. Dogwood Wealth Management LLC acquired a new stake in Banco Santander in the second quarter valued at approximately $33,000. Wayfinding Financial LLC purchased a new stake in shares of Banco Santander during the first quarter worth about $28,000. TD Private Client Wealth LLC increased its position in shares of Banco Santander by 478.8% during the second quarter. TD Private Client Wealth LLC now owns 5,203 shares of the bank's stock worth $43,000 after purchasing an additional 4,304 shares in the last quarter. Finally, WealthCollab LLC lifted its stake in shares of Banco Santander by 35.1% in the fourth quarter. WealthCollab LLC now owns 7,801 shares of the bank's stock worth $36,000 after buying an additional 2,028 shares in the last quarter. Institutional investors own 9.19% of the company's stock.

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.