Banco Santander (NYSE:SAN) Shares Gap Down – Should You Sell?

Shares of Banco Santander, S.A. (NYSE:SAN) gapped down before the market opened on Tuesday . The stock had previously closed at $4.88, but opened at $4.71. Banco Santander shares last traded at $4.68, with a volume of 603,361 shares.

Wall Street Analysts Forecast Growth

SAN has been the topic of several research reports. Morgan Stanley upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 26th. StockNews.com upgraded Banco Santander from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. Finally, UBS Group upgraded shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 4th.

Banco Santander Price Performance

The business’s 50-day moving average price is $4.85 and its 200 day moving average price is $4.83. The company has a market capitalization of $73.91 billion, a P/E ratio of 6.09, a price-to-earnings-growth ratio of 0.46 and a beta of 1.12. The company has a quick ratio of 0.23, a current ratio of 0.33 and a debt-to-equity ratio of 3.08.

Banco Santander Cuts Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 6th. Stockholders of record on Thursday, October 31st were given a dividend of $0.08 per share. The ex-dividend date was Thursday, October 31st. This represents a dividend yield of 3%. Banco Santander’s dividend payout ratio (DPR) is currently 20.00%.

Institutional Investors Weigh In On Banco Santander

Several large investors have recently added to or reduced their stakes in SAN. Rothschild Investment LLC purchased a new stake in shares of Banco Santander during the 2nd quarter valued at $33,000. Wilmington Savings Fund Society FSB bought a new stake in Banco Santander during the third quarter worth about $45,000. Planned Solutions Inc. purchased a new position in shares of Banco Santander in the 2nd quarter worth about $47,000. AE Wealth Management LLC purchased a new position in shares of Banco Santander during the 2nd quarter valued at about $50,000. Finally, Groupama Asset Managment bought a new stake in Banco Santander in the 3rd quarter worth approximately $53,000. Institutional investors own 9.19% of the company’s stock.

Banco Santander Company Profile

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.