Banco Santander (NYSE:SAN) Sets New 12-Month High – Here’s Why

Banco Santander, S.A. (NYSE:SAN)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $5.56 and last traded at $5.55, with a volume of 1432576 shares trading hands. The stock had previously closed at $5.13.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 26th. StockNews.com cut shares of Banco Santander from a “buy” rating to a “hold” rating in a research note on Tuesday, January 21st.

Banco Santander Price Performance

The company has a quick ratio of 0.23, a current ratio of 0.33 and a debt-to-equity ratio of 3.08. The company has a market capitalization of $87.91 billion, a P/E ratio of 6.94, a PEG ratio of 0.62 and a beta of 1.12. The company’s fifty day moving average price is $4.76 and its 200 day moving average price is $4.82.

Banco Santander (NYSE:SAN) last issued its quarterly earnings data on Wednesday, February 5th. The bank reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. Banco Santander had a return on equity of 11.70% and a net margin of 15.76%. As a group, sell-side analysts forecast that Banco Santander, S.A. will post 0.81 EPS for the current year.

Institutional Trading of Banco Santander

A number of hedge funds have recently made changes to their positions in SAN. R Squared Ltd bought a new position in Banco Santander in the 4th quarter worth approximately $27,000. Sierra Ocean LLC bought a new stake in shares of Banco Santander in the 4th quarter valued at approximately $32,000. Advisors Preferred LLC bought a new stake in Banco Santander in the fourth quarter worth $37,000. Wilmington Savings Fund Society FSB purchased a new position in Banco Santander during the third quarter worth $45,000. Finally, CogentBlue Wealth Advisors LLC purchased a new stake in shares of Banco Santander in the fourth quarter valued at $50,000. 9.19% of the stock is owned by institutional investors.

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.