Banco Santander, S.A. (NYSE:SAN - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $4.88, but opened at $4.71. Banco Santander shares last traded at $4.68, with a volume of 603,361 shares.
Analyst Upgrades and Downgrades
SAN has been the subject of several research analyst reports. StockNews.com raised Banco Santander from a "hold" rating to a "buy" rating in a report on Thursday, November 28th. Morgan Stanley raised shares of Banco Santander from an "equal weight" rating to an "overweight" rating in a report on Tuesday, November 26th. Finally, UBS Group upgraded shares of Banco Santander from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 4th.
Read Our Latest Analysis on SAN
Banco Santander Trading Down 4.2 %
The business has a 50 day moving average of $4.85 and a 200 day moving average of $4.83. The firm has a market cap of $73.98 billion, a price-to-earnings ratio of 5.84, a price-to-earnings-growth ratio of 0.46 and a beta of 1.12. The company has a quick ratio of 0.23, a current ratio of 0.33 and a debt-to-equity ratio of 3.08.
Banco Santander Cuts Dividend
The company also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 6th. Stockholders of record on Thursday, October 31st were issued a dividend of $0.08 per share. The ex-dividend date was Thursday, October 31st. This represents a dividend yield of 3%. Banco Santander's dividend payout ratio (DPR) is presently 18.75%.
Institutional Trading of Banco Santander
A number of hedge funds have recently bought and sold shares of the company. Groupama Asset Managment purchased a new stake in Banco Santander in the 3rd quarter valued at about $53,000. FMR LLC grew its stake in shares of Banco Santander by 33.9% during the 3rd quarter. FMR LLC now owns 20,893,727 shares of the bank's stock valued at $106,558,000 after buying an additional 5,290,236 shares during the period. Chevy Chase Trust Holdings LLC acquired a new position in Banco Santander in the third quarter valued at $22,500,000. Fisher Asset Management LLC increased its stake in Banco Santander by 1.4% during the third quarter. Fisher Asset Management LLC now owns 143,585,152 shares of the bank's stock worth $732,284,000 after acquiring an additional 2,011,150 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Banco Santander during the 3rd quarter worth approximately $3,531,000. Institutional investors and hedge funds own 9.19% of the company's stock.
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.
Read More
Before you consider Banco Santander, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Banco Santander wasn't on the list.
While Banco Santander currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
