Banco Santander (NYSE:SAN) Hits New 1-Year High – Here’s What Happened

Shares of Banco Santander, S.A. (NYSE:SAN) hit a new 52-week high on Monday . The company traded as high as $12.14 and last traded at $12.1350, with a volume of 3504837 shares trading hands. The stock had previously closed at $11.88.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Zacks Research lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. DZ Bank cut shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 18th. Barclays downgraded shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Santander in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group cut shares of Banco Santander from a “strong-buy” rating to a “strong sell” rating in a report on Thursday, October 16th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Banco Santander currently has a consensus rating of “Hold”.

Banco Santander Price Performance

The stock’s fifty day moving average is $11.15 and its 200-day moving average is $10.05. The stock has a market capitalization of $180.63 billion, a P/E ratio of 12.91, a PEG ratio of 0.67 and a beta of 0.73.

Banco Santander (NYSE:SAN) last released its quarterly earnings results on Wednesday, October 29th. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). Banco Santander had a return on equity of 11.68% and a net margin of 17.90%.The company had revenue of $26.22 billion for the quarter, compared to the consensus estimate of $15.32 billion. On average, research analysts expect that Banco Santander, S.A. will post 0.83 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SAN. Richardson Financial Services Inc. acquired a new position in Banco Santander during the 2nd quarter worth $25,000. Root Financial Partners LLC bought a new position in shares of Banco Santander in the third quarter worth about $25,000. True Wealth Design LLC bought a new stake in Banco Santander during the 3rd quarter valued at approximately $27,000. Westside Investment Management Inc. acquired a new stake in Banco Santander in the 2nd quarter valued at approximately $30,000. Finally, Atlantic Union Bankshares Corp bought a new position in Banco Santander in the 2nd quarter worth approximately $30,000. 9.19% of the stock is currently owned by institutional investors and hedge funds.

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.