Banco Santander SA (SAN) Sees Large Volume Increase
Shares of Banco Santander SA (NYSE:SAN) saw unusually-high trading volume on Thursday . Approximately 5,179,347 shares traded hands during trading, an increase of 24% from the previous session’s volume of 4,192,784 shares.The stock last traded at $4.52 and had previously closed at $4.48.
SAN has been the subject of a number of recent research reports. Zacks Investment Research upgraded 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 research note on Tuesday, May 10th. Deutsche Bank AG raised shares of Banco Santander SA from a “hold” rating to a “buy” rating in a report on Wednesday. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Banco Santander SA in a report on Monday, August 1st. Citigroup Inc. reaffirmed a “buy” rating on shares of Banco Santander SA in a report on Wednesday, July 20th. Finally, Bank of America Corp. downgraded shares of Banco Santander SA from a “neutral” rating to an “underperform” rating in a report on Wednesday, July 20th. Six equities research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $4.50.
The firm has a 50-day moving average price of $4.22 and a 200 day moving average price of $4.38. The company has a market cap of $72.21 billion and a P/E ratio of 13.61.
The company also recently disclosed a dividend, which was paid on Monday, August 8th. Shareholders of record on Friday, July 29th were issued a $0.047 dividend. The ex-dividend date of this dividend was Wednesday, July 27th. This is a boost from Banco Santander SA’s previous dividend of $0.04.
An institutional investor recently raised its position in Banco Santander SA stock. Ameriprise Financial Inc. boosted its position in Banco Santander SA (NYSE:SAN) by 5.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 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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