Banco Santander SA (SAN) Sees Strong Trading Volume
Banco Santander SA (NYSE:SAN) shares saw an uptick in trading volume on Tuesday . 8,593,770 shares were traded during mid-day trading, an increase of 21% from the previous session’s volume of 7,121,712 shares.The stock last traded at $3.97 and had previously closed at $4.11.
Several brokerages have recently commented on SAN. Goldman Sachs Group Inc. restated a “buy” rating on shares of Banco Santander SA in a research note on Monday. Zacks Investment Research downgraded Banco Santander SA from a “hold” rating to a “sell” rating in a research note on Thursday, July 21st. Bank of America Corp. downgraded Banco Santander SA from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 20th. Citigroup Inc. restated a “buy” rating on shares of Banco Santander SA in a research note on Wednesday, July 20th. Finally, Deutsche Bank AG restated a “neutral” rating on shares of Banco Santander SA in a research note on Wednesday, June 22nd. Six analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. Banco Santander SA currently has a consensus rating of “Hold” and a consensus price target of $4.50.
The company has a 50-day moving average of $4.11 and a 200-day moving average of $4.36. The stock has a market cap of $63.10 billion and a PE ratio of 12.12.
The company also recently disclosed a dividend, which will be paid on Monday, August 8th. Stockholders of record on Friday, July 29th will be paid a dividend of $0.047 per share. This is a positive change from Banco Santander SA’s previous dividend of $0.04. The ex-dividend date is Wednesday, July 27th.
A hedge fund recently raised its stake in Banco Santander SA stock. First Trust Advisors LP boosted 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 firm 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 at the end of the most recent reporting period.
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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