Banco Santander (NYSE:SAN) Reaches New 52-Week High at $4.90

Banco Santander, S.A. (NYSE:SANGet Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $4.90 and last traded at $4.90, with a volume of 512629 shares traded. The stock had previously closed at $4.82.

Wall Street Analyst Weigh In

Separately, Barclays raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 25th.

View Our Latest Research Report on SAN

Banco Santander Stock Performance

The stock’s 50-day moving average price is $4.23 and its 200-day moving average price is $4.03. The company has a market capitalization of $77.86 billion, a price-to-earnings ratio of 6.89, a P/E/G ratio of 0.47 and a beta of 1.22. The company has a debt-to-equity ratio of 4.24, a quick ratio of 0.35 and a current ratio of 0.35.

Banco Santander (NYSE:SANGet Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The bank reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. The firm had revenue of $15.67 billion during the quarter. Banco Santander had a return on equity of 10.82% and a net margin of 19.29%. During the same period in the prior year, the firm posted $0.14 earnings per share. As a group, equities research analysts expect that Banco Santander, S.A. will post 0.81 earnings per share for the current year.

Banco Santander Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Tuesday, May 7th. Investors of record on Tuesday, April 30th will be paid a $0.1027 dividend. This represents a yield of 3.2%. This is a boost from Banco Santander’s previous semi-annual dividend of $0.09. The ex-dividend date is Monday, April 29th. Banco Santander’s dividend payout ratio is presently 17.14%.

Institutional Trading of Banco Santander

Several institutional investors and hedge funds have recently modified their holdings of the business. Principal Securities Inc. acquired a new position in shares of Banco Santander during the 4th quarter worth approximately $35,000. Glassman Wealth Services increased its position in Banco Santander by 56.3% during the fourth quarter. Glassman Wealth Services now owns 9,565 shares of the bank’s stock worth $40,000 after buying an additional 3,444 shares in the last quarter. SRS Capital Advisors Inc. raised its holdings in shares of Banco Santander by 60.8% in the second quarter. SRS Capital Advisors Inc. now owns 9,934 shares of the bank’s stock worth $37,000 after acquiring an additional 3,755 shares during the last quarter. Riversedge Advisors LLC purchased a new stake in shares of Banco Santander in the fourth quarter valued at $42,000. Finally, Coldstream Capital Management Inc. acquired a new stake in shares of Banco Santander during the fourth quarter valued at $42,000. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Banco Santander Company Profile

(Get Free Report)

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 corporate finance, global debt financing and market, global transaction banking, and private debt mobilization solutions.

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