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

Shares of Banco Santander, S.A. (NYSE:SAN) reached a new 52-week high during trading on Wednesday . The stock traded as high as $5.56 and last traded at $5.55, with a volume of 1432576 shares. The stock had previously closed at $5.13.

Analyst Ratings Changes

A number of brokerages recently weighed in on SAN. StockNews.com upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a report on Thursday. Morgan Stanley upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 26th.

Banco Santander Price Performance

The firm has a fifty day moving average of $4.81 and a two-hundred day moving average of $4.83. The stock has a market capitalization of $91.23 billion, a P/E ratio of 7.21, a P/E/G ratio of 0.62 and a beta of 1.12. The company has a debt-to-equity ratio of 3.08, a current ratio of 0.33 and a quick ratio of 0.23.

Banco Santander (NYSE:SAN) last announced its quarterly earnings results on Wednesday, February 5th. The bank reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. Banco Santander had a net margin of 15.76% and a return on equity of 11.70%. On average, analysts predict that Banco Santander, S.A. will post 0.81 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC raised its stake in shares of Banco Santander by 26.9% during the 2nd quarter. AQR Capital Management LLC now owns 165,272 shares of the bank’s stock worth $765,000 after acquiring an additional 35,026 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its position in shares of Banco Santander by 22.1% during the second quarter. B. Riley Wealth Advisors Inc. now owns 12,722 shares of the bank’s stock worth $59,000 after purchasing an additional 2,303 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Banco Santander during the 2nd quarter valued at $280,000. GAMMA Investing LLC grew its stake in Banco Santander by 19.2% during the 3rd quarter. GAMMA Investing LLC now owns 29,465 shares of the bank’s stock worth $150,000 after buying an additional 4,746 shares during the last quarter. Finally, Atomi Financial Group Inc. increased its position in Banco Santander by 1.6% during the 3rd quarter. Atomi Financial Group Inc. now owns 151,930 shares of the bank’s stock valued at $775,000 after buying an additional 2,392 shares in the last quarter. 9.19% of the stock is currently owned by hedge funds and other 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.