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

Key Points

• Banco Santander shares reached a new 52-week high of $9.83, with a recent trading price of $9.78 after a significant trading volume of 4.8 million shares.
• Analyst ratings are mixed, with two firms issuing a buy rating while another downgraded to hold, resulting in an average rating categorized as "Moderate Buy".
• The company reported a quarterly EPS of $0.22, which was below the consensus estimate of $0.26, but exceeded revenue expectations with $17.83 billion for the quarter.

Banco Santander, S.A. (NYSE:SAN - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $9.83 and last traded at $9.78, with a volume of 4796509 shares traded. The stock had previously closed at $9.76.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SAN shares. Kepler Capital Markets downgraded Banco Santander from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Citigroup initiated coverage on Banco Santander in a research report on Wednesday, June 4th. They issued a "buy" rating on the stock. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Banco Santander presently has a consensus rating of "Moderate Buy".

Banco Santander Trading Down 0.2%

The company has a fifty day moving average price of $9.15 and a two-hundred day moving average price of $7.93. The company has a market cap of $149.75 billion, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 0.82 and a beta of 1.08.

Banco Santander (NYSE:SAN - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The bank reported $0.22 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.04). The company had revenue of $17.83 billion during the quarter, compared to analyst estimates of $17.69 billion. Banco Santander had a net margin of 17.30% and a return on equity of 11.98%. Banco Santander has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Institutional Trading of Banco Santander

Institutional investors have recently bought and sold shares of the stock. Lazard Asset Management LLC boosted its stake in Banco Santander by 2,038,075.5% in the second quarter. Lazard Asset Management LLC now owns 7,643,158 shares of the bank's stock worth $63,438,000 after purchasing an additional 7,642,783 shares in the last quarter. Chevy Chase Trust Holdings LLC boosted its stake 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 in the last quarter. Bank of America Corp DE raised its position in shares of Banco Santander by 68.5% during the second quarter. Bank of America Corp DE now owns 4,778,086 shares of the bank's stock worth $39,658,000 after acquiring an additional 1,942,579 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Banco Santander by 153.5% during the second quarter. Envestnet Asset Management Inc. now owns 3,001,256 shares of the bank's stock worth $24,910,000 after acquiring an additional 1,817,192 shares during the last quarter. Finally, Barometer Capital Management Inc. raised its position in shares of Banco Santander by 5,818.8% during the second quarter. Barometer Capital Management Inc. now owns 1,757,483 shares of the bank's stock worth $14,587,000 after acquiring an additional 1,727,790 shares during the last quarter. Institutional investors and hedge funds own 9.19% of the company's stock.

About Banco Santander

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.