Banco Santander SA (SAN) Sees Unusually-High Trading Volume
Banco Santander SA (NYSE:SAN) saw an uptick in trading volume on Thursday . 5,179,347 shares changed hands during mid-day 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.
A number of brokerages have recently issued reports on SAN. Deutsche Bank AG upgraded Banco Santander SA from a “hold” rating to a “buy” rating in a report on Wednesday. Goldman Sachs Group Inc. restated a “buy” rating on shares of Banco Santander SA in a research note on Monday, August 1st. Zacks Investment Research downgraded Banco Santander SA from a “hold” rating to a “sell” rating in a research note on Thursday, July 21st. Bank of America Corp. downgraded Banco Santander SA from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 20th. Finally, Citigroup Inc. restated a “buy” rating on shares of Banco Santander SA in a research note on Wednesday, July 20th. Six investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $4.50.
The company has a 50 day moving average price of $4.22 and a 200 day moving average price of $4.38. The stock has a market capitalization of $72.85 billion and a P/E ratio of 13.82.
The company also recently declared a dividend, which was paid on Monday, August 8th. Shareholders of record on Friday, July 29th were paid a dividend of $0.047 per share. The ex-dividend date was Wednesday, July 27th. This is an increase from Banco Santander SA’s previous dividend of $0.04.
A hedge fund recently raised its stake in Banco Santander SA stock. Ameriprise Financial Inc. increased its stake in shares of 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 reporting period.
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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