Shares of Banco Santander, S.A. (NYSE:SAN - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $8.59 and last traded at $8.54, with a volume of 14292891 shares trading hands. The stock had previously closed at $8.55.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on SAN shares. Wall Street Zen upgraded Banco Santander from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Citigroup began coverage on Banco Santander in a report on Wednesday, June 4th. They set a "buy" rating on the stock. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Banco Santander has a consensus rating of "Buy".
View Our Latest Analysis on Banco Santander
Banco Santander Price Performance
The company's 50 day simple moving average is $7.90 and its 200 day simple moving average is $6.60. The stock has a market cap of $133.48 billion, a P/E ratio of 10.12, a P/E/G ratio of 0.92 and a beta of 0.99.
Banco Santander (NYSE:SAN - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The bank reported $0.22 EPS for the quarter, meeting analysts' consensus estimates of $0.22. The business had revenue of $17.69 billion during the quarter, compared to analysts' expectations of $15.94 billion. Banco Santander had a net margin of 16.92% and a return on equity of 12.26%. On average, equities research analysts predict that Banco Santander, S.A. will post 0.83 earnings per share for the current year.
Hedge Funds Weigh In On Banco Santander
Institutional investors and hedge funds have recently modified their holdings of the business. Larson Financial Group LLC lifted its stake in Banco Santander by 2,226.3% in the fourth quarter. Larson Financial Group LLC now owns 5,839 shares of the bank's stock valued at $27,000 after buying an additional 5,588 shares in the last quarter. Wayfinding Financial LLC acquired a new stake in shares of Banco Santander during the first quarter worth $28,000. WealthCollab LLC boosted its stake in Banco Santander by 35.1% in the 4th quarter. WealthCollab LLC now owns 7,801 shares of the bank's stock worth $36,000 after purchasing an additional 2,028 shares during the period. Prospect Financial Group LLC bought a new position in Banco Santander during the 4th quarter worth about $46,000. Finally, HUB Investment Partners LLC acquired a new stake in shares of Banco Santander in the 4th quarter valued at about $47,000. 9.19% of the stock is currently 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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