Banco Santander, S.A. (NYSE:SAN) has earned a consensus recommendation of “Buy” from the eleven brokerages that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $15.85.
SAN has been the topic of a number of research analyst reports. Goldman Sachs Group upgraded Banco Santander from a “neutral” rating to a “buy” rating and set a $6.20 target price on the stock in a research note on Friday, November 24th. Zacks Investment Research downgraded Banco Santander from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th.
A number of institutional investors have recently bought and sold shares of the stock. Fisher Asset Management LLC lifted its stake in Banco Santander by 5.0% in the fourth quarter. Fisher Asset Management LLC now owns 85,437,070 shares of the bank’s stock valued at $558,758,000 after purchasing an additional 4,053,462 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in Banco Santander by 15.3% in the third quarter. Parametric Portfolio Associates LLC now owns 8,617,017 shares of the bank’s stock valued at $59,802,000 after purchasing an additional 1,141,920 shares during the last quarter. Aperio Group LLC lifted its stake in Banco Santander by 7.1% in the fourth quarter. Aperio Group LLC now owns 4,548,754 shares of the bank’s stock valued at $29,749,000 after purchasing an additional 300,978 shares during the last quarter. Axiom International Investors LLC DE lifted its stake in Banco Santander by 6.2% in the third quarter. Axiom International Investors LLC DE now owns 2,663,610 shares of the bank’s stock valued at $18,485,000 after purchasing an additional 154,900 shares during the last quarter. Finally, Senvest Management LLC lifted its stake in Banco Santander by 13.3% in the fourth quarter. Senvest Management LLC now owns 1,812,676 shares of the bank’s stock valued at $11,855,000 after purchasing an additional 212,676 shares during the last quarter. Institutional investors and hedge funds own 1.28% of the company’s stock.
Shares of Banco Santander (SAN) traded down $0.08 during midday trading on Tuesday, hitting $6.80. The stock had a trading volume of 5,246,650 shares, compared to its average volume of 5,893,345. Banco Santander has a 12-month low of $5.29 and a 12-month high of $7.57. The stock has a market cap of $108,640.00, a P/E ratio of 13.33, a PEG ratio of 1.31 and a beta of 1.51. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.36 and a quick ratio of 1.38.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 8th. Investors of record on Wednesday, January 31st were paid a $0.0722 dividend. This is an increase from Banco Santander’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $0.29 annualized dividend and a yield of 4.25%. Banco Santander’s dividend payout ratio is presently 31.37%.
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Banco Santander Company Profile
Banco Santander, SA is a retail and commercial bank. The Banks segments include Continental Europe, the United Kingdom, Latin America and the United States. The Continental Europe segment covers all businesses in the Continental Europe. The United Kingdom segment includes the businesses developed by various units and branches in the country.
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