Banco Santander, S.A. (NYSE:SAN – Get Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as $14.43 and last traded at $14.3550, with a volume of 4848270 shares traded. The stock had previously closed at $14.10.
Wall Street Analyst Weigh In
Several research firms have recently commented on SAN. Wall Street Zen downgraded shares of Banco Santander from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Weiss Ratings lowered Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Wednesday. Finally, Santander reissued a “buy” rating on shares of Banco Santander in a report on Tuesday, June 23rd. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.
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Banco Santander Price Performance
Banco Santander (NYSE:SAN – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The business had revenue of $17.93 billion for the quarter, compared to analysts’ expectations of $17.90 billion. Banco Santander had a return on equity of 12.43% and a net margin of 26.94%. As a group, analysts predict that Banco Santander, S.A. will post 1.15 EPS for the current year.
Institutional Investors Weigh In On Banco Santander
Several large investors have recently bought and sold shares of SAN. Acumen Wealth Advisors LLC lifted its position in shares of Banco Santander by 117.9% in the first quarter. Acumen Wealth Advisors LLC now owns 2,308 shares of the bank’s stock valued at $26,000 after acquiring an additional 1,249 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in Banco Santander in the 1st quarter valued at $28,000. Eagle Bay Advisors LLC acquired a new position in Banco Santander during the fourth quarter worth about $31,000. Cullen Frost Bankers Inc. purchased a new stake in Banco Santander during the 4th quarter valued at about $34,000. Finally, Financial Management Professionals Inc. raised its holdings in Banco Santander by 151.1% in the 2nd quarter. Financial Management Professionals Inc. now owns 2,471 shares of the bank’s stock valued at $34,000 after acquiring an additional 1,487 shares during the last quarter. 9.19% of the stock is currently owned by hedge funds and other institutional investors.
Banco Santander Company Profile
Banco Santander, SA (NYSE: SAN) is a Spanish multinational banking group headquartered in Santander, Spain. Founded in 1857, the bank has grown from a regional institution into one of Europe’s largest banking groups, operating a diversified financial services platform that serves retail, small and medium-sized enterprises, and large corporate clients. Santander is publicly listed in Spain and maintains American Depositary Receipts on the New York Stock Exchange under the ticker SAN.
The group’s core activities include retail and commercial banking—offering deposit accounts, payment services, mortgages, personal and auto loans, and small business financing—alongside corporate and investment banking services for larger institutional clients.
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