Banco Santander SA (SAN) Trading 2.8% Higher
Shares of Banco Santander SA (NYSE:SAN) traded up 2.8% on Wednesday . The company traded as high as $4.46 and last traded at $4.44, with a volume of 2,249,557 shares traded. The stock had previously closed at $4.32.
Several analysts have recently commented on the company. Barclays PLC upgraded Banco Santander SA from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, September 6th. Deutsche Bank AG upgraded Banco Santander SA from a “hold” rating to a “buy” rating in a research note on Wednesday, August 31st. Goldman Sachs Group Inc. restated a “buy” rating on shares of Banco Santander SA in a research note on Monday, August 1st. Zacks Investment Research downgraded Banco Santander SA from a “hold” rating to a “sell” rating in a research note on Thursday, July 21st. Finally, Bank of America Corp. downgraded Banco Santander SA from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 20th. Six analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $4.50.
The company has a 50-day moving average of $4.33 and a 200-day moving average of $4.42. The stock has a market cap of $72.05 billion, a PE ratio of 13.71 and a beta of 1.66.
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Several institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of Banco Santander SA by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 4,983,295 shares of the company’s stock valued at $19,535,000 after buying an additional 31,877 shares during the period. Norges Bank purchased a new position in shares of Banco Santander SA during the fourth quarter valued at approximately $20,774,000. Parametric Portfolio Associates LLC increased its position in shares of Banco Santander SA by 4.9% in the second quarter. Parametric Portfolio Associates LLC now owns 3,936,836 shares of the company’s stock valued at $15,432,000 after buying an additional 184,547 shares during the period. Aperio Group LLC increased its position in shares of Banco Santander SA by 19.6% in the first quarter. Aperio Group LLC now owns 3,004,889 shares of the company’s stock valued at $13,101,000 after buying an additional 493,256 shares during the period. Finally, Bank of Montreal Can purchased a new position in shares of Banco Santander SA during the second quarter valued at approximately $6,908,000. 0.63% of the stock is owned by hedge funds and other institutional investors.
About Banco Santander SA
Banco Santander, SA is a retail and commercial bank. The Bank’s principal business is to attract deposits and provide loans. The Bank focuses its wholesale banking offer on providing services to its main customers in local markets. The Banks segments include Continental Europe, United Kingdom, Latin America and United States.
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