Banco Santander SA (SAN) Trading Up 2.3%
Banco Santander SA (NYSE:SAN) was up 2.3% on Wednesday . The company 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.
A number of equities research analysts have weighed in on SAN shares. Zacks Investment Research downgraded Banco Santander SA from a “hold” rating to a “sell” rating in a research report on Thursday, July 21st. Deutsche Bank AG upgraded Banco Santander SA from a “hold” rating to a “buy” rating in a research report on Wednesday. Goldman Sachs Group Inc. restated a “buy” rating on shares of Banco Santander SA in a research report on Monday, August 1st. Citigroup Inc. restated a “buy” rating on shares of Banco Santander SA in a research report on Wednesday, July 20th. Finally, Bank of America Corp. downgraded Banco Santander SA from a “neutral” rating to an “underperform” rating in a research report on Wednesday, July 20th. Six analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $4.50.
The firm has a market cap of $72.21 billion and a P/E ratio of 13.61. The stock has a 50 day moving average of $4.22 and a 200-day moving average of $4.38.
The company also recently announced a dividend, which was paid on Monday, August 8th. Investors of record on Friday, July 29th were issued a $0.047 dividend. This is a boost from Banco Santander SA’s previous dividend of $0.04. The ex-dividend date of this dividend was Wednesday, July 27th.
An institutional investor recently raised its position in Banco Santander SA stock. Ameriprise Financial Inc. increased its stake 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 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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