Banco Santander (NYSE:SAN) Sees Large Volume Increase – Here’s What Happened

Banco Santander, S.A. (NYSE:SANGet Free Report) shares saw strong trading volume on Tuesday . 39,500,492 shares traded hands during mid-day trading, an increase of 249% from the previous session’s volume of 11,309,639 shares.The stock last traded at $14.2850 and had previously closed at $14.59.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Wall Street Zen downgraded Banco Santander from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Santander reissued a “buy” rating on shares of Banco Santander in a research report on Tuesday, June 23rd. Finally, Weiss Ratings downgraded Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday, July 29th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

View Our Latest Research Report on SAN

Banco Santander Stock Down 0.5%

The stock has a fifty day moving average price of $13.88 and a two-hundred day moving average price of $12.64. The company has a market cap of $208.13 billion, a price-to-earnings ratio of 11.52, a P/E/G ratio of 0.76 and a beta of 0.73.

Banco Santander (NYSE:SANGet Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.27 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 the consensus estimate of $17.90 billion. Banco Santander had a return on equity of 12.43% and a net margin of 26.94%. Analysts predict that Banco Santander, S.A. will post 1.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Banco Santander

Several institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC increased its stake in Banco Santander by 77.4% during the 1st quarter. AQR Capital Management LLC now owns 419,635 shares of the bank’s stock worth $2,812,000 after acquiring an additional 183,051 shares during the period. Integrated Wealth Concepts LLC lifted its position in shares of Banco Santander by 3.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 71,990 shares of the bank’s stock valued at $482,000 after acquiring an additional 2,566 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Banco Santander by 271.2% during the 1st quarter. Jones Financial Companies Lllp now owns 10,276 shares of the bank’s stock worth $69,000 after purchasing an additional 7,508 shares in the last quarter. Focus Partners Wealth increased its position in shares of Banco Santander by 65.3% in the first quarter. Focus Partners Wealth now owns 71,169 shares of the bank’s stock worth $477,000 after purchasing an additional 28,107 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in Banco Santander in the first quarter valued at about $601,000. 9.19% of the stock is currently owned by institutional investors.

Banco Santander Company Profile

(Get Free Report)

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.

Further Reading

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