Banco Santander (NYSE:SAN) Shares Gap Down to $3.94

Banco Santander, S.A. (NYSE:SANGet Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $3.94, but opened at $3.86. Banco Santander shares last traded at $3.85, with a volume of 595,061 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Banco Santander in a research note on Thursday, October 5th. They issued a “buy” rating on the stock.

Get Our Latest Research Report on SAN

Banco Santander Price Performance

The firm’s fifty day simple moving average is $4.10 and its 200 day simple moving average is $3.90. The company has a market capitalization of $64.09 billion, a price-to-earnings ratio of 6.00, a PEG ratio of 0.33 and a beta of 1.20.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. SVB Wealth LLC boosted its holdings in shares of Banco Santander by 11.9% in the fourth quarter. SVB Wealth LLC now owns 94,404 shares of the bank’s stock worth $391,000 after buying an additional 10,075 shares during the period. Waldron Private Wealth LLC acquired a new stake in shares of Banco Santander during the fourth quarter worth approximately $56,000. Clarius Group LLC boosted its holdings in shares of Banco Santander by 45.2% during the fourth quarter. Clarius Group LLC now owns 47,207 shares of the bank’s stock worth $195,000 after purchasing an additional 14,699 shares during the period. Valeo Financial Advisors LLC boosted its holdings in shares of Banco Santander by 7.1% during the fourth quarter. Valeo Financial Advisors LLC now owns 42,345 shares of the bank’s stock worth $175,000 after purchasing an additional 2,804 shares during the period. Finally, Sapient Capital LLC acquired a new stake in shares of Banco Santander during the fourth quarter worth approximately $178,000. 2.14% of the stock is currently owned by institutional investors and hedge funds.

About Banco Santander

(Get Free Report)

Banco Santander, SA provides various retail and commercial banking products and services to individuals, small and medium-sized enterprises, and large companies worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments.

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