Shares of Banco Santander SA (NYSE:SAN) have been assigned a consensus recommendation of “Hold” from the sixteen research firms that are covering the stock. Five research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $4.50.
A number of equities research analysts have recently issued reports on the company. Natixis raised Banco Santander SA from a “reduce” rating to a “buy” rating in a research report on Tuesday. Citigroup Inc. reaffirmed a “buy” rating on shares of Banco Santander SA in a research report on Wednesday, September 28th. Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Banco Santander SA in a report on Friday, September 23rd. Zacks Investment Research upgraded Banco Santander SA from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a report on Friday, September 23rd. Finally, Barclays PLC upgraded Banco Santander SA from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 6th.
Hedge funds have recently made changes to their positions in the company. FFT Wealth Management LLC boosted its stake in shares of Banco Santander SA by 66.0% in the first quarter. FFT Wealth Management LLC now owns 25,145 shares of the company’s stock worth $110,000 after buying an additional 10,000 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Banco Santander SA by 57.9% in the second quarter. Signaturefd LLC now owns 25,471 shares of the company’s stock worth $100,000 after buying an additional 9,338 shares in the last quarter. Green Square Capital LLC bought a new stake in shares of Banco Santander SA during the second quarter worth $102,000. Sei Investments Co. boosted its stake in shares of Banco Santander SA by 154.0% in the second quarter. Sei Investments Co. now owns 30,985 shares of the company’s stock worth $122,000 after buying an additional 18,788 shares in the last quarter. Finally, Carnick & Kubik Group LLC bought a new stake in shares of Banco Santander SA during the second quarter worth $140,000. 0.64% of the stock is owned by institutional investors.
Shares of Banco Santander SA (NYSE:SAN) opened at 4.36 on Monday. The company’s 50 day moving average price is $4.44 and its 200 day moving average price is $4.40. The stock has a market capitalization of $69.65 billion, a P/E ratio of 13.37 and a beta of 1.67. Banco Santander SA has a one year low of $3.60 and a one year high of $5.83.
The company also recently announced a dividend, which will be paid on Monday, November 14th. Shareholders of record on Monday, October 17th will be paid a $0.038 dividend. The ex-dividend date of this dividend is Thursday, October 13th. Banco Santander SA’s dividend payout ratio (DPR) is currently 47.73%.
Banco Santander SA Company Profile
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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