Banco Santander (NYSE:SAN) Shares Gap Down to $4.75

Banco Santander, S.A. (NYSE:SAN)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $4.75, but opened at $4.61. Banco Santander shares last traded at $4.63, with a volume of 142,978 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SAN shares. StockNews.com cut Banco Santander from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 22nd. Barclays raised Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 25th.

Banco Santander Stock Down 2.9 %

The company has a debt-to-equity ratio of 13.96, a current ratio of 2.27 and a quick ratio of 0.35. The company has a market capitalization of $72.96 billion, a P/E ratio of 6.59, a PEG ratio of 0.40 and a beta of 1.16. The company has a 50 day moving average of $4.97 and a 200-day moving average of $4.52.

Banco Santander (NYSE:SAN) last posted its earnings results on Tuesday, April 30th. The bank reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.01). The business had revenue of $16.34 billion during the quarter. Banco Santander had a return on equity of 10.95% and a net margin of 14.98%. As a group, equities analysts anticipate that Banco Santander, S.A. will post 0.82 EPS for the current year.

Institutional Trading of Banco Santander

Several large investors have recently bought and sold shares of SAN. Rhumbline Advisers boosted its position in Banco Santander by 4.9% during the 3rd quarter. Rhumbline Advisers now owns 585,053 shares of the bank’s stock valued at $2,200,000 after acquiring an additional 27,590 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in Banco Santander during the 3rd quarter valued at approximately $135,000. Natixis Advisors L.P. boosted its position in Banco Santander by 7.0% during the 3rd quarter. Natixis Advisors L.P. now owns 928,648 shares of the bank’s stock valued at $3,492,000 after acquiring an additional 61,052 shares in the last quarter. Glenmede Trust Co. NA boosted its position in Banco Santander by 22.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 55,210 shares of the bank’s stock valued at $208,000 after acquiring an additional 9,974 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Banco Santander by 6.9% during the third quarter. American Century Companies Inc. now owns 3,008,881 shares of the bank’s stock valued at $11,313,000 after purchasing an additional 193,323 shares during the last quarter. 9.19% of the stock is owned by institutional investors.

Banco Santander Company Profile

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.