Banco Santander SA (NYSE:SAN) shares were up 6.3% on Tuesday . The company traded as high as $4.23 and last traded at $4.21, with a volume of 7,261,168 shares. The stock had previously closed at $3.96.

A number of research analysts recently weighed in on SAN shares. Societe Generale lowered Banco Santander SA from a “hold” rating to a “sell” rating in a report on Friday, March 18th. Zacks Investment Research raised Banco Santander SA from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a report on Tuesday, May 10th. JP Morgan Cazenove raised Banco Santander SA from a “neutral” rating to an “overweight” rating in a report on Monday, April 25th. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Banco Santander SA in a report on Wednesday, June 29th. Finally, Deutsche Bank AG reissued a “neutral” rating on shares of Banco Santander SA in a report on Wednesday, June 22nd. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $4.50.

The firm’s 50 day moving average price is $4.29 and its 200-day moving average price is $4.40. The company has a market capitalization of $59.44 billion and a PE ratio of 9.54.

The company also recently announced a dividend, which will be paid on Monday, August 8th. Shareholders of record on Friday, July 29th will be given a $0.047 dividend. This is a boost from Banco Santander SA’s previous dividend of $0.04. The ex-dividend date is Wednesday, July 27th.

A number of hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in 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. Wells Fargo & Company MN increased its stake in 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. Comerica Bank increased its stake in 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. TD Asset Management Inc. increased its stake in Banco Santander SA by 25.6% in the fourth quarter. TD Asset Management Inc. now owns 489,879 shares of the company’s stock worth $3,566,000 after buying an additional 99,711 shares in the last quarter. Finally, GFS Advisors LLC increased its stake in 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.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.