Banco Santander, S.A. (NYSE:SAN) gapped up before the market opened on Friday . The stock had previously closed at $6.30, but opened at $6.46. Banco Santander shares last traded at $6.59, with a volume of 3021573 shares traded.
SAN has been the topic of a number of research analyst reports. Zacks Investment Research lowered Banco Santander from a “buy” rating to a “sell” rating in a research report on Thursday, August 10th. BidaskClub lowered Banco Santander from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Goldman Sachs Group Inc reaffirmed a “neutral” rating on shares of Banco Santander in a research report on Tuesday, August 15th. Finally, ValuEngine lowered Banco Santander from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $13.15.
The company has a market capitalization of $96,097.63, a PE ratio of 13.18, a PEG ratio of 1.31 and a beta of 1.40. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 3.88.
Banco Santander (NYSE:SAN) last announced its earnings results on Thursday, October 26th. The bank reported $0.14 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.14. Banco Santander had a return on equity of 6.86% and a net margin of 14.06%. The business had revenue of $14.39 billion for the quarter. equities analysts expect that Banco Santander, S.A. will post 0.55 EPS for the current year.
A number of institutional investors have recently made changes to their positions in SAN. Arrowstreet Capital Limited Partnership raised its position in Banco Santander by 690.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 6,573,247 shares of the bank’s stock valued at $43,975,000 after buying an additional 5,741,913 shares during the last quarter. Fisher Asset Management LLC raised its position in Banco Santander by 4.3% in the 3rd quarter. Fisher Asset Management LLC now owns 81,383,608 shares of the bank’s stock valued at $564,802,000 after buying an additional 3,326,541 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Banco Santander in the 3rd quarter valued at approximately $9,992,000. Senvest Management LLC acquired a new stake in Banco Santander in the 2nd quarter valued at approximately $8,363,000. Finally, Todd Asset Management LLC raised its position in Banco Santander by 44.9% in the 2nd quarter. Todd Asset Management LLC now owns 3,574,941 shares of the bank’s stock valued at $23,916,000 after buying an additional 1,107,295 shares during the last quarter. 1.35% of the stock is currently owned by institutional investors and hedge funds.
About Banco Santander
Banco Santander, SA is a retail and commercial bank. The Banks segments include Continental Europe, the United Kingdom, Latin America and the United States. The Continental Europe segment covers all businesses in the Continental Europe. The United Kingdom segment includes the businesses developed by various units and branches in the country.
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