Banco Santander (NYSE:SAN) Sets New 52-Week High – Time to Buy?

Banco Santander, S.A. (NYSE:SAN)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $13.07 and last traded at $13.0450, with a volume of 3061082 shares changing hands. The stock had previously closed at $12.75.

Analysts Set New Price Targets

SAN has been the subject of a number of research analyst reports. Zacks Research lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. DZ Bank downgraded Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 18th. The Goldman Sachs Group cut shares of Banco Santander from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday, October 16th. Kepler Capital Markets raised shares of Banco Santander from a “hold” rating to a “buy” rating in a report on Tuesday, January 13th. Finally, Barclays downgraded shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Banco Santander currently has a consensus rating of “Hold”.

Banco Santander Stock Up 2.3%

The company has a market cap of $194.18 billion, a PE ratio of 13.88, a P/E/G ratio of 0.76 and a beta of 0.73. The business’s fifty day moving average is $11.77 and its 200-day moving average is $10.48.

Institutional Investors Weigh In On Banco Santander

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Capital International Investors grew its holdings in Banco Santander by 67.5% during the third quarter. Capital International Investors now owns 14,529,024 shares of the bank’s stock valued at $149,504,000 after purchasing an additional 5,856,034 shares during the period. Chevy Chase Trust Holdings LLC lifted its position in shares of Banco Santander by 22.0% during the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 14,482,986 shares of the bank’s stock valued at $120,209,000 after buying an additional 2,607,392 shares in the last quarter. Northern Trust Corp grew its stake in shares of Banco Santander by 8.5% during the 3rd quarter. Northern Trust Corp now owns 12,844,029 shares of the bank’s stock valued at $134,605,000 after acquiring an additional 1,000,811 shares during the period. Lazard Asset Management LLC increased its holdings in Banco Santander by 20.5% in the 3rd quarter. Lazard Asset Management LLC now owns 9,211,673 shares of the bank’s stock worth $96,538,000 after acquiring an additional 1,568,515 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its stake in Banco Santander by 4.4% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 8,981,872 shares of the bank’s stock worth $94,130,000 after acquiring an additional 376,023 shares during the period. 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.