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

Banco Santander, S.A. (NYSE:SAN)’s stock price hit a new 52-week high on Monday . The company traded as high as $14.21 and last traded at $14.16, with a volume of 518904 shares. The stock had previously closed at $13.95.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SAN shares. Wall Street Zen raised Banco Santander from a “hold” rating to a “buy” rating in a research note on Sunday, April 26th. Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 23rd. Weiss Ratings lowered shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, May 8th. Finally, Santander restated an “overweight” rating on shares of Banco Santander in a research note on Thursday. Six research 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’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Banco Santander Stock Up 1.7%

The firm has a market capitalization of $208.35 billion, a price-to-earnings ratio of 11.72, a P/E/G ratio of 0.79 and a beta of 0.72. The business has a 50-day moving average of $12.60 and a two-hundred day moving average of $12.17.

Banco Santander (NYSE:SAN) last posted its quarterly earnings results on Wednesday, April 29th. The bank reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). Banco Santander had a net margin of 26.92% and a return on equity of 12.23%. The firm had revenue of $17.53 billion during the quarter, compared to analyst estimates of $17.66 billion. Equities analysts predict that Banco Santander, S.A. will post 1.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Banco Santander

Several institutional investors and hedge funds have recently bought and sold shares of the business. Orca Wealth Management LLC lifted its holdings in shares of Banco Santander by 1.4% during the 4th quarter. Orca Wealth Management LLC now owns 65,572 shares of the bank’s stock worth $852,000 after acquiring an additional 894 shares during the period. Composition Wealth LLC raised its position in Banco Santander by 8.3% in the fourth quarter. Composition Wealth LLC now owns 12,442 shares of the bank’s stock worth $146,000 after purchasing an additional 952 shares in the last quarter. Riversedge Advisors LLC lifted its stake in Banco Santander by 3.5% during the fourth quarter. Riversedge Advisors LLC now owns 29,426 shares of the bank’s stock worth $345,000 after purchasing an additional 987 shares during the period. Stratos Investment Management LLC lifted its stake in Banco Santander by 6.3% during the fourth quarter. Stratos Investment Management LLC now owns 16,870 shares of the bank’s stock worth $198,000 after purchasing an additional 1,005 shares during the period. Finally, Flputnam Investment Management Co. boosted its holdings in Banco Santander by 6.1% during the fourth quarter. Flputnam Investment Management Co. now owns 17,477 shares of the bank’s stock valued at $205,000 after purchasing an additional 1,011 shares in the last quarter. Institutional investors own 9.19% of the company’s stock.

About Banco Santander

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.