Banco Santander (NYSE:SAN) Shares Gap Up – Here’s What Happened

Banco Santander, S.A. (NYSE:SAN)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $5.59, but opened at $5.75. Banco Santander shares last traded at $5.77, with a volume of 449,410 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SAN shares. Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 26th. StockNews.com upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th.

Banco Santander Stock Up 2.1 %

The firm has a market cap of $94.16 billion, a price-to-earnings ratio of 7.17, a PEG ratio of 0.73 and a beta of 1.12. The company has a debt-to-equity ratio of 13.83, a quick ratio of 0.23 and a current ratio of 2.24. The business’s 50-day moving average is $4.89 and its 200-day moving average is $4.85.

Banco Santander (NYSE:SAN) last issued its quarterly earnings data on Wednesday, February 5th. The bank reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. Banco Santander had a return on equity of 11.90% and a net margin of 15.88%. On average, equities analysts predict that Banco Santander, S.A. will post 0.83 EPS for the current year.

Institutional Investors Weigh In On Banco Santander

A number of hedge funds have recently added to or reduced their stakes in the stock. Atria Investments Inc raised its stake in shares of Banco Santander by 7.1% in the fourth quarter. Atria Investments Inc now owns 28,990 shares of the bank’s stock worth $132,000 after acquiring an additional 1,917 shares during the last quarter. Principal Securities Inc. increased its holdings in shares of Banco Santander by 13.4% in the fourth quarter. Principal Securities Inc. now owns 17,230 shares of the bank’s stock valued at $79,000 after purchasing an additional 2,032 shares in the last quarter. Riversedge Advisors LLC lifted its holdings in Banco Santander by 14.3% during the 4th quarter. Riversedge Advisors LLC now owns 17,220 shares of the bank’s stock worth $79,000 after buying an additional 2,148 shares in the last quarter. Kathmere Capital Management LLC boosted its position in Banco Santander by 4.9% in the 4th quarter. Kathmere Capital Management LLC now owns 50,013 shares of the bank’s stock valued at $228,000 after buying an additional 2,320 shares during the last quarter. Finally, OLD National Bancorp IN increased its stake in shares of Banco Santander by 7.6% in the 4th quarter. OLD National Bancorp IN now owns 33,952 shares of the bank’s stock valued at $155,000 after buying an additional 2,392 shares during the period. Institutional investors own 9.19% of the company’s stock.

About Banco Santander

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.