Banco Santander (NYSE:SAN) Reaches New 52-Week High – Here’s What Happened

Banco Santander, S.A. (NYSE:SAN) reached a new 52-week high on Monday . The company traded as high as $6.22 and last traded at $6.18, with a volume of 589653 shares changing hands. The stock had previously closed at $6.03.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SAN. Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, November 26th. The Goldman Sachs Group cut Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. StockNews.com upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods raised shares of Banco Santander from a “hold” rating to a “moderate buy” rating in a research note on Monday. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Banco Santander presently has an average rating of “Buy”.

Banco Santander Trading Up 3.2 %

The firm has a 50-day moving average of $5.11 and a 200 day moving average of $4.95. The company has a market cap of $95.99 billion, a P/E ratio of 7.63, a price-to-earnings-growth ratio of 0.77 and a beta of 1.12. The company has a current ratio of 2.24, a quick ratio of 0.23 and a debt-to-equity ratio of 13.83.

Banco Santander (NYSE:SAN) last posted its quarterly earnings results on Wednesday, February 5th. The bank reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. Banco Santander had a return on equity of 11.90% and a net margin of 15.88%. On average, analysts predict that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Banco Santander

Several institutional investors have recently made changes to their positions in the stock. R Squared Ltd bought a new stake in Banco Santander in the 4th quarter valued at about $27,000. Larson Financial Group LLC increased its holdings in shares of Banco Santander by 2,226.3% during the fourth quarter. Larson Financial Group LLC now owns 5,839 shares of the bank’s stock valued at $27,000 after acquiring an additional 5,588 shares in the last quarter. Sierra Ocean LLC acquired a new position in shares of Banco Santander during the fourth quarter worth approximately $32,000. WealthCollab LLC lifted its holdings in shares of Banco Santander by 35.1% in the 4th quarter. WealthCollab LLC now owns 7,801 shares of the bank’s stock worth $36,000 after purchasing an additional 2,028 shares in the last quarter. Finally, Advisors Preferred LLC acquired a new stake in Banco Santander in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 9.19% of the company’s stock.

Banco Santander Company Profile

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.