Banco Santander (NYSE:SAN) Sets New 52-Week High – What’s Next?

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

Wall Street Analysts Forecast Growth

SAN has been the subject of several research analyst reports. Weiss Ratings downgraded Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, May 8th. Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Monday, March 23rd. Wall Street Zen raised shares of Banco Santander from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. Finally, Santander reaffirmed a “buy” rating on shares of Banco Santander in a research note on Tuesday, June 23rd. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Banco Santander has a consensus rating of “Moderate Buy”.

Banco Santander Stock Down 1.4%

The company has a market cap of $208.07 billion, a P/E ratio of 11.71, a P/E/G ratio of 0.82 and a beta of 0.72. The business has a 50-day moving average price of $12.69 and a two-hundred day moving average price of $12.21.

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

Hedge Funds Weigh In On Banco Santander

Large investors have recently bought and sold shares of the business. Orca Wealth Management LLC boosted its stake in Banco Santander by 1.4% in the fourth quarter. Orca Wealth Management LLC now owns 65,572 shares of the bank’s stock valued at $852,000 after acquiring an additional 894 shares during the last quarter. Composition Wealth LLC lifted its stake in shares of Banco Santander by 8.3% in the 4th quarter. Composition Wealth LLC now owns 12,442 shares of the bank’s stock valued at $146,000 after purchasing an additional 952 shares during the period. Riversedge Advisors LLC boosted its position in shares of Banco Santander by 3.5% in the 4th 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 last quarter. Stratos Investment Management LLC grew its stake in shares of 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. increased its holdings in Banco Santander by 6.1% in 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 during the last quarter. 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.