Banco Santander SA (SAN) Stock Price Up 1.9%
Banco Santander SA (NYSE:SAN) rose 1.9% during mid-day trading on Wednesday . The company traded as high as $4.35 and last traded at $4.34, with a volume of 2,306,370 shares changing hands. The stock had previously closed at $4.26.
SAN has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Banco Santander SA from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock 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. cut shares of Banco Santander SA from a “neutral” rating to an “underperform” rating in a report on Wednesday, July 20th. Six research analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $4.50.
The stock has a market capitalization of $69.01 billion and a PE ratio of 13.21. The company’s 50-day moving average price is $4.13 and its 200-day moving average price is $4.36.
The company also recently declared 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. The ex-dividend date of this dividend was 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 stake in Banco Santander SA (NYSE:SAN) by 168.7% during the fourth quarter, according to its most recent 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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