Banco Santander, S.A. (NYSE:SAN - Get Free Report)'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $7.10, but opened at $6.83. Banco Santander shares last traded at $6.85, with a volume of 661,845 shares trading hands.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the stock. Morgan Stanley upgraded shares of Banco Santander from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, November 26th. StockNews.com raised shares of Banco Santander from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Keefe, Bruyette & Woods raised Banco Santander from a "hold" rating to a "moderate buy" rating in a report on Monday, February 24th. Finally, The Goldman Sachs Group lowered Banco Santander from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 12th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy".
Check Out Our Latest Research Report on SAN
Banco Santander Trading Up 0.7 %
The stock has a market cap of $105.61 billion, a P/E ratio of 8.40, a price-to-earnings-growth ratio of 0.77 and a beta of 1.09. The stock's 50-day moving average is $5.86 and its two-hundred day moving average is $5.18. The company has a debt-to-equity ratio of 13.83, a current ratio of 2.24 and a quick ratio of 0.23.
Banco Santander (NYSE:SAN - Get Free Report) last issued its earnings results on Wednesday, February 5th. The bank reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. Banco Santander had a return on equity of 11.90% and a net margin of 15.88%. Equities research analysts anticipate that Banco Santander, S.A. will post 0.83 EPS for the current year.
Banco Santander Increases Dividend
The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 30th will be given a $0.1152 dividend. This represents a yield of 2.4%. The ex-dividend date is Wednesday, April 30th. This is a boost from Banco Santander's previous semi-annual dividend of $0.08. Banco Santander's payout ratio is currently 19.28%.
Institutional Trading of Banco Santander
Large investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC grew its position in Banco Santander by 18.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 86,172 shares of the bank's stock worth $393,000 after acquiring an additional 13,140 shares in the last quarter. Northstar Financial Companies Inc. purchased a new position in shares of Banco Santander in the 4th quarter worth approximately $70,000. Forum Financial Management LP increased its position in shares of Banco Santander by 25.6% during the 4th quarter. Forum Financial Management LP now owns 257,032 shares of the bank's stock valued at $1,172,000 after purchasing an additional 52,337 shares during the last quarter. Focus Partners Advisor Solutions LLC raised its holdings in Banco Santander by 73.2% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 27,418 shares of the bank's stock valued at $125,000 after buying an additional 11,585 shares during the period. Finally, Wolverine Trading LLC boosted its stake in Banco Santander by 512.9% during the fourth quarter. Wolverine Trading LLC now owns 69,108 shares of the bank's stock worth $314,000 after buying an additional 57,833 shares during the period. 9.19% of the stock is currently owned by institutional investors.
About Banco Santander
(
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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.
Further Reading
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