Banco Santander (NYSE:SAN) Sees Unusually-High Trading Volume

Banco Santander, S.A. (NYSE:SAN) shares saw an uptick in trading volume on Monday . 3,685,677 shares traded hands during trading, an increase of 33% from the previous session’s volume of 2,775,272 shares.The stock last traded at $4.84 and had previously closed at $4.92.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Banco Santander from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 22nd.

Banco Santander Stock Down 1.2 %

The firm has a 50 day moving average price of $4.89 and a 200-day moving average price of $4.61. The firm has a market cap of $76.91 billion, a price-to-earnings ratio of 6.83, a price-to-earnings-growth ratio of 0.39 and a beta of 1.16. The company has a debt-to-equity ratio of 13.96, a current ratio of 0.23 and a quick ratio of 0.35.

Banco Santander (NYSE:SAN) last released its earnings results on Tuesday, April 30th. The bank reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Banco Santander had a net margin of 15.35% and a return on equity of 11.42%. The business had revenue of $16.34 billion for the quarter. As a group, equities analysts predict that Banco Santander, S.A. will post 0.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SAN. Goldman Sachs Group Inc. increased its holdings in shares of Banco Santander by 6.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 15,786,825 shares of the bank’s stock worth $65,357,000 after acquiring an additional 892,960 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in Banco Santander by 41.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 14,148,083 shares of the bank’s stock worth $58,699,000 after buying an additional 4,139,669 shares during the period. Teachers Retirement System of The State of Kentucky lifted its stake in Banco Santander by 20.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 4,824,760 shares of the bank’s stock valued at $23,352,000 after buying an additional 834,200 shares in the last quarter. RWA Wealth Partners LLC boosted its holdings in shares of Banco Santander by 106.2% in the first quarter. RWA Wealth Partners LLC now owns 1,691,945 shares of the bank’s stock valued at $8,189,000 after buying an additional 871,446 shares during the period. Finally, QRG Capital Management Inc. increased its position in shares of Banco Santander by 24.4% during the second quarter. QRG Capital Management Inc. now owns 1,637,838 shares of the bank’s stock worth $7,583,000 after acquiring an additional 321,772 shares in the last quarter. Institutional investors and hedge funds own 9.19% of the company’s stock.

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.