Banco Santander (NYSE:SAN) Shares Gap Up to $4.86

Banco Santander, S.A. (NYSE:SAN)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $4.86, but opened at $5.01. Banco Santander shares last traded at $5.02, with a volume of 2,077,882 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Barclays raised Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 25th.

Banco Santander Price Performance

The firm has a fifty day simple moving average of $4.51 and a 200 day simple moving average of $4.16. The company has a market capitalization of $80.00 billion, a PE ratio of 7.22, a P/E/G ratio of 0.48 and a beta of 1.22. The company has a debt-to-equity ratio of 4.24, a quick ratio of 0.35 and a current ratio of 0.35.

Banco Santander (NYSE:SAN) last released its quarterly earnings data on Tuesday, January 30th. The bank reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. The company had revenue of $15.67 billion for the quarter. Banco Santander had a return on equity of 10.82% and a net margin of 19.29%. During the same quarter in the previous year, the business earned $0.14 earnings per share. Equities analysts anticipate that Banco Santander, S.A. will post 0.8 EPS for the current year.

Banco Santander Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Tuesday, April 30th will be issued a $0.1027 dividend. The ex-dividend date is Monday, April 29th. This is an increase from Banco Santander’s previous semi-annual dividend of $0.09. This represents a dividend yield of 3.2%. Banco Santander’s dividend payout ratio (DPR) is currently 17.14%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SAN. CWM LLC increased its holdings in shares of Banco Santander by 25.1% in the 3rd quarter. CWM LLC now owns 27,861 shares of the bank’s stock valued at $105,000 after acquiring an additional 5,591 shares during the period. AE Wealth Management LLC increased its holdings in shares of Banco Santander by 12.7% in the 3rd quarter. AE Wealth Management LLC now owns 37,488 shares of the bank’s stock valued at $141,000 after acquiring an additional 4,216 shares during the period. Ritholtz Wealth Management increased its holdings in shares of Banco Santander by 21.1% in the 3rd quarter. Ritholtz Wealth Management now owns 83,207 shares of the bank’s stock valued at $313,000 after acquiring an additional 14,492 shares during the period. Summit Global Investments purchased a new position in shares of Banco Santander in the 3rd quarter valued at $58,000. Finally, SOL Capital Management CO increased its holdings in shares of Banco Santander by 17.8% in the 3rd quarter. SOL Capital Management CO now owns 27,177 shares of the bank’s stock valued at $102,000 after acquiring an additional 4,100 shares during the period. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

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.