Banco Santander SA (SAN) Trading 2.3% Higher
Shares of Banco Santander SA (NYSE:SAN) traded up 2.3% during trading on Wednesday . The stock traded as high as $4.51 and last traded at $4.47, with a volume of 4,527,736 shares trading hands. The stock had previously closed at $4.37.
Several analysts have recently commented on the stock. Deutsche Bank AG reaffirmed a “neutral” rating on shares of Banco Santander SA in a report on Wednesday, June 22nd. Zacks Investment Research raised shares of Banco Santander SA from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a report on Tuesday, May 10th. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Banco Santander SA in a report on Monday, August 1st. 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. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of Banco Santander SA in a report on Wednesday, July 20th. Six investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $4.50.
The firm has a 50-day moving average price of $4.20 and a 200-day moving average price of $4.38. The company has a market capitalization of $71.25 billion and a P/E ratio of 13.43.
The business also recently disclosed a dividend, which was paid on Monday, August 8th. Shareholders 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 a positive change 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. increased its position in Banco Santander SA (NYSE:SAN) by 5.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.