Banco Santander (NYSE:SAN) Sets New 52-Week High – What’s Next?

Banco Santander, S.A. (NYSE:SAN) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $5.83 and last traded at $5.83, with a volume of 4713838 shares traded. The stock had previously closed at $5.59.

Wall Street Analyst Weigh In

SAN has been the topic of a number of research reports. Morgan Stanley raised 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 report on Thursday, February 6th.

Banco Santander Stock Performance

The firm’s fifty day simple moving average is $4.89 and its 200 day simple moving average is $4.85. The company has a market capitalization of $93.75 billion, a PE ratio of 7.14, a price-to-earnings-growth ratio of 0.73 and a beta of 1.12. The company has a debt-to-equity ratio of 13.83, a current ratio of 2.24 and a quick ratio of 0.23.

Banco Santander (NYSE:SAN) last posted its earnings results on Wednesday, February 5th. The bank reported $0.21 EPS for the quarter, hitting 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, research analysts predict that Banco Santander, S.A. will post 0.83 EPS for the current year.

Hedge Funds Weigh In On Banco Santander

Several institutional investors have recently made changes to their positions in SAN. R Squared Ltd purchased a new position in Banco Santander in the fourth quarter valued at $27,000. Larson Financial Group LLC grew its position in shares of Banco Santander by 2,226.3% during the 4th quarter. Larson Financial Group LLC now owns 5,839 shares of the bank’s stock valued at $27,000 after acquiring an additional 5,588 shares during the period. Sierra Ocean LLC purchased a new position in shares of Banco Santander in the 4th quarter valued at about $32,000. Advisors Preferred LLC acquired a new position in Banco Santander in the 4th quarter worth about $37,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Banco Santander during the third quarter worth approximately $45,000. 9.19% of the stock is owned by hedge funds and other institutional investors.

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.