Banco Santander (NYSE:SAN) Shares Gap Up to $4.82

Banco Santander, S.A. (NYSE:SAN)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $4.82, but opened at $4.95. Banco Santander shares last traded at $4.97, with a volume of 426,738 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com cut Banco Santander from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 22nd.

Banco Santander Trading Up 3.1 %

The firm has a market cap of $78.65 billion, a price-to-earnings ratio of 6.90, a price-to-earnings-growth ratio of 0.38 and a beta of 1.16. The company’s 50-day moving average is $4.72 and its 200-day moving average is $4.71.

Banco Santander (NYSE:SAN) last issued its quarterly earnings data on Wednesday, July 24th. The bank reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The business had revenue of $16.87 billion during the quarter. Banco Santander had a net margin of 15.35% and a return on equity of 11.42%. Equities research analysts forecast that Banco Santander, S.A. will post 0.83 EPS for the current year.

Institutional Investors Weigh In On Banco Santander

Hedge funds and other institutional investors have recently bought and sold shares of the company. CIBC Private Wealth Group LLC grew its holdings in shares of Banco Santander by 41.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 14,148,083 shares of the bank’s stock worth $58,699,000 after purchasing an additional 4,139,669 shares during the last quarter. BNP Paribas Financial Markets increased its position in Banco Santander by 658.7% in the 4th quarter. BNP Paribas Financial Markets now owns 1,072,836 shares of the bank’s stock valued at $4,442,000 after acquiring an additional 931,429 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Banco Santander by 6.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 15,786,825 shares of the bank’s stock valued at $65,357,000 after acquiring an additional 892,960 shares during the last quarter. RWA Wealth Partners LLC lifted its holdings in shares of Banco Santander by 106.2% during the first quarter. RWA Wealth Partners LLC now owns 1,691,945 shares of the bank’s stock worth $8,189,000 after purchasing an additional 871,446 shares during the period. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in Banco Santander by 20.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 4,824,760 shares of the bank’s stock valued at $23,352,000 after purchasing an additional 834,200 shares during the period. Institutional investors own 9.19% of the company’s stock.

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.