Banco Santander SA (SAN) Shares Gap Up to $4.13
Banco Santander SA (NYSE:SAN) shares gapped up prior to trading 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 changing hands.
Several research firms recently commented on SAN. Zacks Investment Research lowered shares of Banco Santander SA from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. JPMorgan Chase & Co. upgraded shares of Banco Santander SA from a “neutral” rating to an “overweight” rating in a report on Monday, April 25th. Citigroup Inc. restated a “buy” rating on shares of Banco Santander SA in a report on Wednesday, July 20th. Deutsche Bank AG restated a “neutral” rating on shares of Banco Santander SA in a report on Wednesday, June 22nd. Finally, Goldman Sachs Group Inc. restated a “buy” rating on shares of Banco Santander SA in a report on Wednesday, June 29th. Six analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $4.50.
The stock has a 50 day moving average price of $4.13 and a 200 day moving average price of $4.36. The company has a market capitalization of $67.73 billion and a price-to-earnings ratio of 13.17.
The business also recently announced a dividend, which will be paid on Monday, August 8th. Shareholders of record on Friday, July 29th will be given a dividend of $0.047 per share. The ex-dividend date of this dividend is Wednesday, July 27th. This is an increase from Banco Santander SA’s previous dividend of $0.04.
An institutional investor recently raised its position in Banco Santander SA stock. First Trust Advisors LP increased its position in Banco Santander SA (NYSE:SAN) by 168.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. 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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