Banco Santander, S.A. Target of Unusually High Options Trading (SAN)
Shares of Banco Santander, S.A. (NYSE:SAN) was the target of unusually large options trading activity on Wednesday. Stock traders purchased 39,757 call options on the stock, StockRatingsNetwork reports. This is an increase of 933% compared to the typical volume of 3,849 call options.
SAN has been the subject of a number of recent research reports. Analysts at Nomura upgraded shares of Banco Santander, S.A. from a “reduce” rating to a “neutral” rating in a research note to investors on Friday, October 4th. Separately, analysts at HSBC upgraded shares of Banco Santander, S.A. from an “underweight” rating to a “neutral” rating in a research note to investors on Wednesday, September 18th. Finally, analysts at JPMorgan Chase & Co. upgraded shares of Banco Santander, S.A. from an “underweight” rating to a “neutral” rating in a research note to investors on Wednesday, September 11th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold”.
Banco Santander, S.A. (NYSE:SAN) traded up 1.89% on Wednesday, hitting $8.61. The stock had a trading volume of 5,648,340 shares. Banco Santander, S.A. has a 1-year low of $6.31 and a 1-year high of $8.86. The stock’s 50-day moving average is $7.78 and its 200-day moving average is $7.21. The company has a market cap of $83.660 billion and a P/E ratio of 25.38.
Banco Santander, S.A. (NYSE:SAN) last released its earnings data on Tuesday, July 30th. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.12 by $0.02. The company had revenue of $10.32 billion for the quarter, compared to the consensus estimate of $10.27 billion. The company’s quarterly revenue was down 7.8% on a year-over-year basis. On average, analysts predict that Banco Santander, S.A. will post $0.68 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, November 13th. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.20 per share. This represents a $0.82 annualized dividend and a dividend yield of 9.49%. The ex-dividend date is Thursday, October 10th.
Banco Santander, SA (NYSE:SAN)is a financial group operating principally in Spain, the United Kingdom, Portugal, other European countries, Brazil and other Latin American countries and the United States, offering a range of financial products.
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