Banco Santander, S.A. (NYSE:SAN – Get Free Report)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $15.00 and last traded at $15.00, with a volume of 6235656 shares changing hands. The stock had previously closed at $14.75.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on SAN. Santander reaffirmed a “buy” rating on shares of Banco Santander in a report on Tuesday, June 23rd. Weiss Ratings lowered shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Wednesday, July 29th. Finally, Wall Street Zen cut Banco Santander from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.
Check Out Our Latest Research Report on Banco Santander
Banco Santander Price Performance
Banco Santander (NYSE:SAN – Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.02). The firm had revenue of $17.93 billion for the quarter, compared to analyst estimates of $17.90 billion. Banco Santander had a return on equity of 12.43% and a net margin of 26.94%. Analysts forecast that Banco Santander, S.A. will post 1.25 earnings per share for the current year.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Acumen Wealth Advisors LLC increased its position in Banco Santander by 117.9% during the 1st quarter. Acumen Wealth Advisors LLC now owns 2,308 shares of the bank’s stock valued at $26,000 after purchasing an additional 1,249 shares during the period. Whipplewood Advisors LLC purchased a new position in shares of Banco Santander during the 1st quarter worth about $28,000. Financial Management Professionals Inc. lifted its holdings in shares of Banco Santander by 151.1% in the second quarter. Financial Management Professionals Inc. now owns 2,471 shares of the bank’s stock valued at $34,000 after purchasing an additional 1,487 shares in the last quarter. Compass Financial Management LLC acquired a new stake in Banco Santander during the 2nd quarter worth $34,000. Finally, Continuum Advisory LLC acquired a new stake in Banco Santander in the second quarter valued at approximately $38,000. 9.19% of the stock is currently owned by institutional investors and hedge funds.
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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