Banco Santander SA (NYSE:SAN)’s share price shot up 6.3% during mid-day trading on Tuesday . The stock traded as high as $4.23 and last traded at $4.21, with a volume of 7,261,168 shares changing hands. The stock had previously closed at $3.96.

Several brokerages have recently issued reports on SAN. Societe Generale lowered Banco Santander SA from a “hold” rating to a “sell” rating in a research note on Friday, March 18th. Zacks Investment Research lowered Banco Santander SA from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. JPMorgan Chase & Co. raised Banco Santander SA from a “neutral” rating to an “overweight” rating in a research note on Monday, April 25th. Deutsche Bank AG reaffirmed a “neutral” rating on shares of Banco Santander SA in a research note on Wednesday, June 22nd. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Banco Santander SA in a research note on Wednesday, June 29th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. Banco Santander SA presently has a consensus rating of “Hold” and an average target price of $4.50.

The stock has a 50 day moving average of $4.32 and a 200 day moving average of $4.40. The firm has a market capitalization of $60.59 billion and a P/E ratio of 9.72.

The firm also recently declared a dividend, which will be paid on Monday, August 8th. Stockholders of record on Friday, July 29th will be paid a $0.047 dividend. This is a positive change from Banco Santander SA’s previous dividend of $0.04. The ex-dividend date of this dividend is Wednesday, July 27th.

Other institutional investors have modified their holdings of the company. First Trust Advisors LP raised its position in shares of Banco Santander SA by 168.7% in the fourth quarter. First Trust Advisors LP now owns 250,786 shares of the company’s stock valued at $1,221,000 after buying an additional 157,458 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Banco Santander SA by 0.4% in the fourth quarter. Wells Fargo & Company MN now owns 317,592 shares of the company’s stock worth $1,546,000 after buying an additional 1,318 shares in the last quarter. GFS Advisors LLC raised its stake in shares of Banco Santander SA by 15.2% in the fourth quarter. GFS Advisors LLC now owns 673,026 shares of the company’s stock worth $3,278,000 after buying an additional 88,733 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Banco Santander SA by 148.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 680,753 shares of the company’s stock worth $3,316,000 after buying an additional 406,891 shares in the last quarter. Finally, Comerica Bank raised its stake in shares of Banco Santander SA by 5.6% in the fourth quarter. Comerica Bank now owns 791,455 shares of the company’s stock worth $3,395,000 after buying an additional 42,221 shares in the last quarter.

Banco Santander, SA is a Spain-based banking company. The Bank’s business segments include Retail Banking, which includes customer banking businesses; Global Wholesale Banking (GBM), which includes global corporate banking, investment banking and markets; Private Banking, Asset Management and Insurance, which include design and management of mutual and pension funds and insurance, and Spain’s run-off real estate, which includes loans to customers in Spain.

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