Banco Santander, S.A. (NYSE:SAN) has earned an average rating of “Buy” from the fourteen research firms that are covering the stock. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $16.13.

SAN has been the subject of a number of analyst reports. Deutsche Bank AG reiterated a “buy” rating on shares of Banco Santander, in a research report on Tuesday, March 14th. Zacks Investment Research upgraded shares of Banco Santander, from a “hold” rating to a “buy” rating and set a $6.75 price target for the company in a research report on Thursday, March 23rd. Citigroup Inc reiterated a “buy” rating on shares of Banco Santander, in a research report on Thursday, February 9th. Banco Santander upgraded shares of Banco Santander, from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 1st. Finally, BNP Paribas downgraded shares of Banco Santander, from an “outperform” rating to an “underperform” rating in a research report on Thursday, February 9th.

Banco Santander, (NYSE:SAN) traded up 0.30% during trading on Friday, reaching $6.63. The company’s stock had a trading volume of 8,107,549 shares. The stock has a market cap of $101.46 billion, a P/E ratio of 14.41 and a beta of 1.67. Banco Santander, has a 52-week low of $3.60 and a 52-week high of $6.99. The firm’s 50-day moving average is $6.26 and its 200-day moving average is $5.47.

The company also recently disclosed a dividend, which was paid on Tuesday, May 9th. Shareholders of record on Friday, April 28th were given a dividend of $0.046 per share. This is an increase from Banco Santander,’s previous dividend of $0.04. The ex-dividend date of this dividend was Wednesday, April 26th. Banco Santander,’s payout ratio is currently 38.64%.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Morgan Stanley increased its position in shares of Banco Santander, by 9.6% in the first quarter. Morgan Stanley now owns 3,035,091 shares of the bank’s stock valued at $18,424,000 after buying an additional 266,572 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Banco Santander, by 17.3% in the first quarter. Geode Capital Management LLC now owns 68,546 shares of the bank’s stock valued at $416,000 after buying an additional 10,118 shares in the last quarter. Edgar Lomax Co. VA increased its position in shares of Banco Santander, by 83.4% in the first quarter. Edgar Lomax Co. VA now owns 19,900 shares of the bank’s stock valued at $122,000 after buying an additional 9,050 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Banco Santander, by 41.0% in the first quarter. Fifth Third Bancorp now owns 65,046 shares of the bank’s stock valued at $395,000 after buying an additional 18,930 shares in the last quarter. Finally, Financial Counselors Inc. increased its position in shares of Banco Santander, by 45.4% in the first quarter. Financial Counselors Inc. now owns 45,771 shares of the bank’s stock valued at $278,000 after buying an additional 14,293 shares in the last quarter. Institutional investors and hedge funds own 0.61% of the company’s stock.

Banco Santander, Company Profile

Banco Santander, SA is a retail and commercial bank. The Banks segments include Continental Europe, the United Kingdom, Latin America and the United States. The Continental Europe segment covers all businesses in the Continental Europe. The United Kingdom segment includes the businesses developed by various units and branches in the country.

5 Day Chart for NYSE:SAN

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