Banco Santander (NYSE:SAN) Shares Gap Down to $4.75

Banco Santander, S.A. (NYSE:SAN)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $4.75, but opened at $4.61. Banco Santander shares last traded at $4.63, with a volume of 142,978 shares traded.

Analysts Set New Price Targets

SAN has been the subject of a number of recent research reports. StockNews.com cut Banco Santander from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 22nd. Barclays raised Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 25th.

Banco Santander Stock Up 2.6 %

The company has a debt-to-equity ratio of 13.96, a quick ratio of 0.35 and a current ratio of 2.27. The firm has a fifty day moving average price of $4.96 and a 200 day moving average price of $4.53. The firm has a market capitalization of $75.17 billion, a price-to-earnings ratio of 6.60, a PEG ratio of 0.40 and a beta of 1.16.

Banco Santander (NYSE:SAN) last posted its quarterly earnings results on Tuesday, April 30th. The bank reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). The business had revenue of $16.34 billion during the quarter. Banco Santander had a net margin of 14.98% and a return on equity of 10.95%. As a group, sell-side analysts expect that Banco Santander, S.A. will post 0.82 EPS for the current fiscal year.

Institutional Trading of Banco Santander

Hedge funds have recently modified their holdings of the business. Financial Management Professionals Inc. increased its stake in Banco Santander by 1,853.0% in the 1st quarter. Financial Management Professionals Inc. now owns 8,359 shares of the bank’s stock valued at $40,000 after purchasing an additional 7,931 shares in the last quarter. Principal Securities Inc. purchased a new position in Banco Santander in the 4th quarter valued at approximately $35,000. Glassman Wealth Services increased its stake in Banco Santander by 56.3% in the 4th quarter. Glassman Wealth Services now owns 9,565 shares of the bank’s stock valued at $40,000 after purchasing an additional 3,444 shares in the last quarter. Riversedge Advisors LLC purchased a new position in Banco Santander in the 4th quarter valued at approximately $42,000. Finally, Coldstream Capital Management Inc. purchased a new position in Banco Santander in the 4th quarter valued at approximately $42,000. 9.19% of the stock is owned by institutional investors and hedge funds.

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.