Banco Santander (NYSE:SAN) Sets New 52-Week High - What's Next?

Key Points

• Banco Santander reached a new 52-week high share price of $9.06, reflecting increased trading activity with a volume of 432,195 shares.
• Equities analysts have a moderate buy outlook on the stock, with varying ratings including two holds, three buys, and one strong buy.
• Despite having a revenue of $17.83 billion for the quarter, Banco Santander reported an earnings per share (EPS) of $0.22, missing the consensus estimate.

Banco Santander, S.A. (NYSE:SAN - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The company traded as high as $9.03 and last traded at $9.06, with a volume of 432195 shares. The stock had previously closed at $8.87.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Citigroup assumed coverage on Banco Santander in a research note on Wednesday, June 4th. They set a "buy" rating on the stock. Wall Street Zen upgraded Banco Santander from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Finally, Kepler Capital Markets lowered Banco Santander from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Banco Santander currently has an average rating of "Moderate Buy".

Banco Santander Stock Performance

The stock has a market capitalization of $134.94 billion, a price-to-earnings ratio of 10.07, a P/E/G ratio of 0.97 and a beta of 1.06. The company has a fifty day simple moving average of $8.35 and a 200 day simple moving average of $7.17.

Banco Santander (NYSE:SAN - Get Free Report) last announced its 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 for the quarter, compared to analyst estimates of $17.69 billion. Banco Santander had a return on equity of 11.98% and a net margin of 17.30%. As a group, equities analysts predict that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC raised its stake in shares of Banco Santander by 791.8% in the first quarter. GAMMA Investing LLC now owns 294,036 shares of the bank's stock worth $1,970,000 after purchasing an additional 261,066 shares during the last quarter. Barclays PLC increased its position in shares of Banco Santander by 284.9% during the fourth quarter. Barclays PLC now owns 670,513 shares of the bank's stock valued at $3,057,000 after acquiring an additional 496,309 shares during the last quarter. Chevy Chase Trust Holdings LLC increased its position in shares of Banco Santander by 30.5% during the first quarter. Chevy Chase Trust Holdings LLC now owns 11,875,594 shares of the bank's stock valued at $79,566,000 after acquiring an additional 2,774,449 shares during the last quarter. Bank of America Corp DE increased its position in shares of Banco Santander by 19.9% during the fourth quarter. Bank of America Corp DE now owns 2,655,351 shares of the bank's stock valued at $12,108,000 after acquiring an additional 440,676 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in shares of Banco Santander by 48,283.3% during the first quarter. Versant Capital Management Inc now owns 72,575 shares of the bank's stock valued at $486,000 after acquiring an additional 72,425 shares during the last quarter. 9.19% of the stock is owned by institutional investors and hedge funds.

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.

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