Banco Santander (NYSE:SAN) Sets New 1-Year High – Here’s Why

Banco Santander, S.A. (NYSE:SAN) reached a new 52-week high on Monday . The stock traded as high as $14.43 and last traded at $14.3550, with a volume of 4848270 shares. The stock had previously closed at $14.10.

Analyst Upgrades and Downgrades

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

Banco Santander Trading Up 0.0%

The firm’s 50 day moving average price is $13.37 and its 200-day moving average price is $12.47. The company has a market cap of $212.33 billion, a P/E ratio of 11.75, a price-to-earnings-growth ratio of 0.78 and a beta of 0.73.

Banco Santander (NYSE:SAN) last issued its earnings results on Wednesday, July 22nd. The bank reported $0.27 EPS for the quarter, missing the consensus estimate 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 net margin of 26.94% and a return on equity of 12.43%. Analysts predict that Banco Santander, S.A. will post 1.15 earnings per share for the current fiscal year.

Institutional Trading of Banco Santander

Several hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE grew its position in shares of Banco Santander by 14.3% in the 4th quarter. US Bancorp DE now owns 713,050 shares of the bank’s stock valued at $8,364,000 after purchasing an additional 89,253 shares during the period. Tudor Investment Corp ET AL acquired a new stake in Banco Santander during the 3rd quarter worth approximately $5,181,000. Bank of New York Mellon Corp raised its holdings in Banco Santander by 32.1% during the 1st quarter. Bank of New York Mellon Corp now owns 1,535,847 shares of the bank’s stock worth $17,324,000 after buying an additional 373,646 shares during the period. Teachers Retirement System of The State of Kentucky lifted its stake in Banco Santander by 7.7% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 4,861,360 shares of the bank’s stock valued at $57,024,000 after buying an additional 349,000 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Banco Santander by 18.3% in the first quarter. Sei Investments Co. now owns 956,275 shares of the bank’s stock valued at $10,787,000 after buying an additional 147,776 shares during the period. Institutional investors and hedge funds own 9.19% of the company’s stock.

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.