Banco Santander SA (SAN) Shares Gap Up to $4.13
Banco Santander SA (NYSE:SAN)’s share price gapped up before the market opened on Friday . The stock had previously closed at $4.08, but opened at $4.13. Banco Santander SA shares last traded at $4.25, with a volume of 4,286,390 shares.
A number of equities analysts have issued reports on SAN shares. JPMorgan Chase & Co. upgraded Banco Santander SA from a “neutral” rating to an “overweight” rating in a report on Monday, April 25th. JP Morgan Cazenove upgraded Banco Santander SA from a “neutral” rating to an “overweight” rating in a report on Monday, April 25th. 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. Deutsche Bank AG reiterated a “neutral” rating on shares of Banco Santander SA in a report on Wednesday, June 22nd. Finally, Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Banco Santander SA in a report on Wednesday, June 29th. Six equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $4.50.
The stock has a market capitalization of $61.02 billion and a price-to-earnings ratio of 9.86. The stock’s 50 day moving average is $4.13 and its 200 day moving average is $4.36.
The company also recently announced a dividend, which will be paid on Monday, August 8th. Investors of record on Friday, July 29th will be issued a $0.047 dividend. This is an increase from Banco Santander SA’s previous dividend of $0.04. The ex-dividend date of this dividend is Wednesday, July 27th.
A hedge fund recently raised its stake in Banco Santander SA stock. First Trust Advisors LP increased its stake in shares of Banco Santander SA (NYSE:SAN) by 168.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 250,786 shares of the company’s stock after buying an additional 157,458 shares during the period. First Trust Advisors LP’s holdings in Banco Santander SA were worth $1,221,000 as of its most recent SEC filing.
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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