Banco Santander SA (NYSE:SAN)’s share price rose 2.2% during mid-day trading on Wednesday . The company traded as high as $4.31 and last traded at $4.22, with a volume of 4,646,556 shares. The stock had previously closed at $4.13.

A number of equities research analysts have weighed in on SAN shares. Zacks Investment Research upgraded Banco Santander SA from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a report on Tuesday, May 10th. Citigroup Inc. reiterated a “buy” rating on shares of Banco Santander SA in a report on Wednesday, July 20th. Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Banco Santander SA in a report on Wednesday, June 29th. Deutsche Bank AG reiterated a “neutral” rating on shares of Banco Santander SA in a report on Wednesday, June 22nd. Finally, JP Morgan Cazenove upgraded Banco Santander SA from a “neutral” rating to an “overweight” rating in a report on Monday, April 25th. Six analysts have rated the stock with a sell rating, three 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 price target of $4.50.

The stock’s 50-day moving average is $4.16 and its 200 day moving average is $4.37. The company has a market cap of $61.16 billion and a P/E ratio of 9.86.

The business also recently announced a dividend, which will be paid on Monday, August 8th. Investors of record on Friday, July 29th will be issued a dividend of $0.047 per share. The ex-dividend date is Wednesday, July 27th. This is an increase from Banco Santander SA’s previous dividend of $0.04.

A number of large investors recently modified their holdings of SAN. Comerica Bank boosted 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 valued at $3,395,000 after buying an additional 42,221 shares in the last quarter. TD Asset Management Inc. boosted its stake in shares of Banco Santander SA by 25.6% in the fourth quarter. TD Asset Management Inc. now owns 489,879 shares of the company’s stock valued at $3,566,000 after buying an additional 99,711 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake 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 in the last quarter.

Banco Santander, SA is a retail and commercial bank. The Bank’s principal business is to attract deposits and provide loans. The Bank focuses its wholesale banking offer on providing services to its main customers in local markets. The Banks segments include Continental Europe, United Kingdom, Latin America and United States.

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