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

Banco Santander, S.A. (NYSE:SAN)’s stock price gapped up before the market opened 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.

Analyst Ratings Changes

Separately, Barclays upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Monday, March 25th.

Banco Santander Trading Up 2.7 %

The business’s 50-day moving average price is $4.46 and its two-hundred day moving average price is $4.14. The company has a debt-to-equity ratio of 4.24, a current ratio of 0.35 and a quick ratio of 0.35. The firm has a market cap of $78.97 billion, a price-to-earnings ratio of 6.94, a price-to-earnings-growth ratio of 0.46 and a beta of 1.22.

Banco Santander (NYSE:SAN) last posted its quarterly earnings data on Tuesday, January 30th. The bank reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. The business had revenue of $15.67 billion during the quarter. Banco Santander had a net margin of 19.29% and a return on equity of 10.82%. During the same period in the prior year, the firm earned $0.14 EPS. Equities analysts expect that Banco Santander, S.A. will post 0.8 earnings per share 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. Investors of record on Tuesday, April 30th will be given a dividend of $0.1027 per share. This is a positive change from Banco Santander’s previous semi-annual dividend of $0.09. The ex-dividend date is Monday, April 29th. This represents a yield of 3.2%. Banco Santander’s dividend payout ratio is 17.14%.

Hedge Funds Weigh In On Banco Santander

Institutional investors and hedge funds have recently bought and sold shares of the stock. Anchor Investment Management LLC acquired a new position in Banco Santander during the fourth quarter worth approximately $95,000. Raymond James & Associates grew its stake in Banco Santander by 239.8% during the fourth quarter. Raymond James & Associates now owns 653,167 shares of the bank’s stock worth $2,704,000 after buying an additional 460,923 shares during the period. Prime Capital Investment Advisors LLC purchased a new stake in Banco Santander during the fourth quarter worth approximately $128,000. Schechter Investment Advisors LLC grew its stake in Banco Santander by 9.7% during the fourth quarter. Schechter Investment Advisors LLC now owns 44,322 shares of the bank’s stock worth $183,000 after buying an additional 3,907 shares during the period. Finally, Trust Point Inc. purchased a new stake in Banco Santander during the fourth quarter worth approximately $77,000. 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.