Banco Santander (NYSE:SAN) Sees Unusually-High Trading Volume

Banco Santander, S.A. (NYSE:SANGet Rating) saw an uptick in trading volume on Thursday . 691,768 shares changed hands during mid-day trading, a decline of 87% from the previous session’s volume of 5,409,645 shares.The stock last traded at $2.81 and had previously closed at $3.03.

Several research firms have recently commented on SAN. TheStreet raised Banco Santander from a “d+” rating to a “c” rating in a research report on Friday, February 18th. StockNews.com began coverage on Banco Santander in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Zacks Investment Research lowered Banco Santander from a “buy” rating to a “hold” rating in a research report on Tuesday, March 22nd. The Goldman Sachs Group began coverage on Banco Santander in a research report on Thursday, March 31st. They set a “buy” rating and a €5.00 ($5.26) target price on the stock. Finally, Citigroup began coverage on Banco Santander in a research report on Wednesday, January 19th. They set a “neutral” rating and a €3.30 ($3.47) target price on the stock. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $3.81.

The company has a market cap of $49.07 billion, a PE ratio of 5.32 and a beta of 1.30. The business has a 50-day simple moving average of $3.28 and a 200-day simple moving average of $3.44. The company has a quick ratio of 0.28, a current ratio of 2.63 and a debt-to-equity ratio of 13.98.

Banco Santander (NYSE:SANGet Rating) last announced its earnings results on Wednesday, February 2nd. The bank reported $0.14 EPS for the quarter. Banco Santander had a return on equity of 9.25% and a net margin of 19.12%. The business had revenue of $13.47 billion during the quarter. On average, research analysts forecast that Banco Santander, S.A. will post 0.59 EPS for the current fiscal year.

The business also recently declared a semi-annual dividend, which will be paid on Thursday, May 5th. Investors of record on Friday, April 29th will be issued a $0.0571 dividend. This represents a dividend yield of 1.1%. The ex-dividend date is Thursday, April 28th. This is a boost from Banco Santander’s previous semi-annual dividend of $0.06. Banco Santander’s dividend payout ratio (DPR) is currently 14.04%.

Large investors have recently bought and sold shares of the stock. Wedbush Securities Inc. increased its stake in Banco Santander by 3.1% during the first quarter. Wedbush Securities Inc. now owns 99,689 shares of the bank’s stock worth $337,000 after acquiring an additional 2,996 shares during the last quarter. Scotia Capital Inc. increased its stake in Banco Santander by 13.6% during the third quarter. Scotia Capital Inc. now owns 32,624 shares of the bank’s stock worth $118,000 after acquiring an additional 3,915 shares during the last quarter. Pinnacle Wealth Planning Services Inc. increased its stake in Banco Santander by 7.6% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 55,662 shares of the bank’s stock worth $188,000 after acquiring an additional 3,942 shares during the last quarter. Keybank National Association OH increased its stake in Banco Santander by 32.4% during the first quarter. Keybank National Association OH now owns 16,861 shares of the bank’s stock worth $57,000 after acquiring an additional 4,128 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in Banco Santander by 0.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 553,831 shares of the bank’s stock worth $2,005,000 after acquiring an additional 4,395 shares during the last quarter. 8.34% of the stock is owned by hedge funds and other institutional investors.

Banco Santander Company Profile (NYSE:SAN)

Banco Santander, SA provides various retail and commercial banking products and services to individuals, small and medium-sized enterprises, and large companies worldwide. It offers demand and time deposits, and current and savings accounts; mortgages, consumer finance, syndicated corporate loans, structured financing, cash management, export and agency finance, trade and working capital solutions, and corporate finance; and insurance products.

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