Banco Santander, S.A. (NYSE:SAN - Get Free Report)'s share price was up 3.7% during mid-day trading on Tuesday . The company traded as high as $7.10 and last traded at $7.14. Approximately 2,823,477 shares changed hands during mid-day trading, a decline of 11% from the average daily volume of 3,155,757 shares. The stock had previously closed at $6.88.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on SAN shares. StockNews.com raised shares of Banco Santander from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. The Goldman Sachs Group cut shares of Banco Santander from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 12th. Morgan Stanley raised shares of Banco Santander from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, November 26th. Finally, Keefe, Bruyette & Woods raised shares of Banco Santander from a "hold" rating to a "moderate buy" rating in a research report on Monday, February 24th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy".
View Our Latest Report on SAN
Banco Santander Stock Performance
The company's 50-day moving average price is $5.86 and its 200 day moving average price is $5.18. The company has a debt-to-equity ratio of 13.83, a quick ratio of 0.23 and a current ratio of 2.24. The stock has a market capitalization of $104.78 billion, a PE ratio of 8.33, a PEG ratio of 0.77 and a beta of 1.09.
Banco Santander (NYSE:SAN - Get Free Report) last posted its earnings results on Wednesday, February 5th. The bank reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. Banco Santander had a net margin of 15.88% and a return on equity of 11.90%. On average, equities research analysts expect that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.
Banco Santander Increases Dividend
The business also recently announced a semi-annual dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 30th will be given a $0.1152 dividend. This represents a dividend yield of 2.4%. This is a boost from Banco Santander's previous semi-annual dividend of $0.08. The ex-dividend date is Wednesday, April 30th. Banco Santander's dividend payout ratio (DPR) is currently 19.28%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the business. Atria Investments Inc increased its stake in shares of Banco Santander by 7.1% in the 4th quarter. Atria Investments Inc now owns 28,990 shares of the bank's stock worth $132,000 after acquiring an additional 1,917 shares in the last quarter. WealthCollab LLC increased its stake in Banco Santander by 35.1% during the 4th quarter. WealthCollab LLC now owns 7,801 shares of the bank's stock valued at $36,000 after purchasing an additional 2,028 shares in the last quarter. Principal Securities Inc. increased its stake in Banco Santander by 13.4% during the 4th quarter. Principal Securities Inc. now owns 17,230 shares of the bank's stock valued at $79,000 after purchasing an additional 2,032 shares in the last quarter. Riversedge Advisors LLC increased its stake in Banco Santander by 14.3% during the 4th quarter. Riversedge Advisors LLC now owns 17,220 shares of the bank's stock valued at $79,000 after purchasing an additional 2,148 shares in the last quarter. Finally, Kathmere Capital Management LLC increased its stake in Banco Santander by 4.9% during the 4th quarter. Kathmere Capital Management LLC now owns 50,013 shares of the bank's stock valued at $228,000 after purchasing an additional 2,320 shares in the last quarter. 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.
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