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

Banco Santander, S.A. (NYSE:SAN)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $6.10 and last traded at $6.11, with a volume of 60981 shares. The stock had previously closed at $6.02.

Analyst Ratings Changes

Several equities research analysts have recently commented on SAN shares. The Goldman Sachs Group downgraded shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 26th. Finally, StockNews.com upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Banco Santander Trading Up 1.2 %

The company has a quick ratio of 0.23, a current ratio of 2.24 and a debt-to-equity ratio of 13.83. The firm has a market cap of $96.46 billion, a price-to-earnings ratio of 7.34, a price-to-earnings-growth ratio of 0.73 and a beta of 1.12. The business’s fifty day moving average is $4.96 and its two-hundred day moving average is $4.88.

Banco Santander (NYSE:SAN) last released its earnings results on Wednesday, February 5th. The bank reported $0.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.21. Banco Santander had a return on equity of 11.90% and a net margin of 15.88%. Equities analysts anticipate that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Focus Partners Advisor Solutions LLC lifted its holdings in shares of Banco Santander by 73.2% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 27,418 shares of the bank’s stock valued at $125,000 after purchasing an additional 11,585 shares in the last quarter. Wolverine Trading LLC lifted its stake in Banco Santander by 512.9% in the fourth quarter. Wolverine Trading LLC now owns 69,108 shares of the bank’s stock valued at $314,000 after buying an additional 57,833 shares in the last quarter. Focus Partners Wealth increased its position in shares of Banco Santander by 28.1% during the fourth quarter. Focus Partners Wealth now owns 43,062 shares of the bank’s stock worth $196,000 after acquiring an additional 9,443 shares in the last quarter. Ellevest Inc. raised its holdings in shares of Banco Santander by 8.4% during the fourth quarter. Ellevest Inc. now owns 42,042 shares of the bank’s stock worth $192,000 after acquiring an additional 3,263 shares during the period. Finally, Ethic Inc. lifted its position in Banco Santander by 1.7% in the 4th quarter. Ethic Inc. now owns 494,916 shares of the bank’s stock valued at $2,257,000 after acquiring an additional 8,233 shares in the last quarter. 9.19% of the stock is currently owned by institutional investors.

About Banco Santander

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.