Banco Santander (NYSE:SAN) Reaches New 12-Month High – What’s Next?

Shares of Banco Santander, S.A. (NYSE:SAN) reached a new 52-week high on Thursday . The stock traded as high as $14.98 and last traded at $14.9750, with a volume of 38613 shares trading hands. The stock had previously closed at $14.82.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SAN shares. Santander reiterated a “buy” rating on shares of Banco Santander in a research note on Tuesday, June 23rd. Wall Street Zen lowered shares of Banco Santander from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Finally, Weiss Ratings downgraded shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research note 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 given a Sell rating to the stock. According to data from MarketBeat.com, Banco Santander currently has a consensus rating of “Moderate Buy”.

Banco Santander Trading Down 0.1%

The stock’s 50 day moving average price is $13.74 and its two-hundred day moving average price is $12.61. The firm has a market capitalization of $216.87 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 0.79 and a beta of 0.73.

Banco Santander (NYSE:SAN) last released its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.02). Banco Santander had a return on equity of 12.43% and a net margin of 26.94%.The firm had revenue of $17.93 billion for the quarter, compared to analyst estimates of $17.90 billion. On average, sell-side analysts forecast 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 hedge funds have recently modified their holdings of SAN. US Bancorp DE boosted its stake in shares of Banco Santander by 14.3% during the 4th quarter. US Bancorp DE now owns 713,050 shares of the bank’s stock valued at $8,364,000 after buying an additional 89,253 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Banco Santander by 32.1% in the first 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 last quarter. Teachers Retirement System of The State of Kentucky raised its holdings 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 acquiring an additional 349,000 shares in the last quarter. Sei Investments Co. boosted its stake in Banco Santander by 18.3% during the 1st quarter. Sei Investments Co. now owns 956,275 shares of the bank’s stock valued at $10,787,000 after acquiring an additional 147,776 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its stake in Banco Santander by 37.9% during the 1st quarter. Quantinno Capital Management LP now owns 2,566,939 shares of the bank’s stock valued at $28,955,000 after acquiring an additional 705,034 shares during the last quarter. 9.19% of the stock is 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.