Stocks of Banco Santander S.A. (NYSE:SAN) traded higher last session on Wall Street, down -0.26% to $3.81.
According to the data, Banco Santander S.A. (NYSE:SAN) has 27 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $6.29 and a low of $4.20, we find $5.31. Given the previous closing price of $3.82, this indicates a potential upside of 39.01 percent. SAN stock price is now 2.48% away from the 50-day moving average and 10.93% away from the 200-day moving average. The market capitalization of the company currently stands at $62.04B.
A total of 8 analysts have issued a hold rating and 16 have given it a buy rating. Brokers who have rated the stock have averaged $5.27 as their price target over the next twelve months.
A total of 21.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SAN stock. A new stake in Banco Santander S.A. shares was purchased by RHUMBLINE ADVISERS during the first quarter worth $2,124,000. CLIFFORD CAPITAL PARTNERS LLC invested $1,091,000 in shares of SAN during the first quarter. In the first quarter, CRESSET ASSET MANAGEMENT, LLC acquired a new stake in Banco Santander S.A. valued at approximately $1,065,000. HOULIHAN FINANCIAL RESOURCE GROUP, LTD. acquired a new stake in SAN for approximately $709,000. XTX TOPCO LTD purchased a new stake in SAN valued at around $246,000 in the second quarter. In total, there are 374 active investors with 1.90% ownership of the company’s stock.
During the past 12 months, Banco Santander S.A. has had a low of $2.26 and a high of $4.09. The fifty day moving average price for SAN is $3.7252 and a two-hundred day moving average price translates $3.4402 for the stock.
The latest earnings results from Banco Santander S.A. (NYSE: SAN) was released for Jun, 2023. According to the Banks – Diversified Company, earnings per share came in at $0.17, inline with analysts’ expectations of $0.17. This compares to $0.14 EPS in the same period last year. The net profit margin was 11.00% and return on equity was 10.90% for SAN.
Moreover, the firm recently paid out its quarterly dividend on 05/05/2023. Investors who held shares on 04/28/2023 were paid a $0.063064 dividend. On an annualized basis, this represents a $0.12 dividend and a 3.23% percent yield. There was an ex-dividend date of 04/27/2023 for this dividend. In terms of dividend payout ratio, SAN is presently at 9.20%.
Banco Santander S.A.(SAN) Company Profile
Banco Santander, S.A. provides various retail and commercial banking products and services to individuals, small and medium-sized enterprises, and large companies worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, and current and savings accounts; mortgages, consumer finance, syndicated corporate loans, cash management, export and agency finance, trade and working capital solutions, and corporate finance; and insurance products. The company also provides cash, asset, and wealth management; and private banking services. In addition, it is involved in the corporate banking, treasury, risk hedging, foreign trade, and investment banking activities, as well as provides digital payment solutions. The company was formerly known as Banco Santander Central Hispano S.A. and changed its name to Banco Santander, S.A. in June 2007. Banco Santander, S.A. was founded in 1856 and is headquartered in Madrid, Spain.
