Banco Santander (NYSE:SAN) Shares Gap Down to $5.10

Banco Santander, S.A. (NYSE:SAN)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $5.10, but opened at $4.91. Banco Santander shares last traded at $4.81, with a volume of 301,876 shares.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SAN shares. UBS Group raised Banco Santander from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 4th. StockNews.com downgraded Banco Santander from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 22nd.

Banco Santander Stock Down 5.5 %

The stock has a market capitalization of $76.28 billion, a price-to-earnings ratio of 6.68, a price-to-earnings-growth ratio of 0.41 and a beta of 1.14. The business’s 50-day moving average is $4.81 and its two-hundred day moving average is $4.85.

Banco Santander (NYSE:SAN) last issued its earnings results on Wednesday, July 24th. The bank reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. Banco Santander had a return on equity of 11.42% and a net margin of 15.35%. The business had revenue of $16.87 billion for the quarter. As a group, analysts forecast that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Banco Santander Cuts Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.08 per share. The ex-dividend date is Thursday, October 31st. This represents a dividend yield of 3%. Banco Santander’s dividend payout ratio is presently 19.44%.

Institutional Investors Weigh In On Banco Santander

Hedge funds have recently modified their holdings of the company. QRG Capital Management Inc. boosted its holdings in Banco Santander by 18.3% in the 1st quarter. QRG Capital Management Inc. now owns 1,316,066 shares of the bank’s stock valued at $6,370,000 after purchasing an additional 203,274 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in Banco Santander by 30.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 959,806 shares of the bank’s stock worth $3,974,000 after acquiring an additional 221,567 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in Banco Santander during the fourth quarter worth $1,221,000. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Banco Santander by 20.9% in the 1st 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 purchasing an additional 834,200 shares during the last quarter. Finally, Eagle Asset Management Inc. grew its holdings in shares of Banco Santander by 55.1% during the 4th quarter. Eagle Asset Management Inc. now owns 157,937 shares of the bank’s stock worth $654,000 after purchasing an additional 56,123 shares during the period. Hedge funds and other institutional investors own 9.19% of the company’s stock.

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.