Banco Santander SA (SAN) Shares Gap Up to $4.32
Banco Santander SA (NYSE:SAN)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $4.28, but opened at $4.32. Banco Santander SA shares last traded at $4.38, with a volume of 2,053,961 shares trading hands.
SAN has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Banco Santander SA from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a report on Tuesday, May 10th. Deutsche Bank AG reissued a “neutral” rating on shares of Banco Santander SA in a report on Wednesday, June 22nd. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Banco Santander SA in a report on Wednesday, June 29th. Citigroup Inc. reissued a “buy” rating on shares of Banco Santander SA in a report on Wednesday, July 20th. Finally, Bank of America Corp. lowered shares of Banco Santander SA from a “neutral” rating to an “underperform” rating in a report on Wednesday, July 20th. Six analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $4.50.
The firm’s 50-day moving average is $4.20 and its 200 day moving average is $4.38. The stock has a market cap of $69.81 billion and a PE ratio of 13.16.
The business also recently disclosed a dividend, which was paid on Monday, August 8th. Stockholders of record on Friday, July 29th were issued a dividend of $0.047 per share. This is a boost from Banco Santander SA’s previous dividend of $0.04. The ex-dividend date was Wednesday, July 27th.
A hedge fund recently raised its stake in Banco Santander SA stock. Ameriprise Financial Inc. increased its position in shares of Banco Santander SA (NYSE:SAN) by 5.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 291,975 shares of the company’s stock after buying an additional 16,339 shares during the period. Ameriprise Financial Inc.’s holdings in Banco Santander SA were worth $1,423,000 at the end of the most recent 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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