Banco Santander, S.A. (NYSE:SAN – Get Score) shares gapped down previous to buying and selling on Wednesday after UBS Group lowered their worth goal on the inventory from €4.40 to €4.00. The inventory had beforehand closed at $2.54, however opened at $2.47. UBS Group presently has a purchase score on the inventory. Banco Santander shares final traded at $2.47, with a quantity of 57,779 shares buying and selling fingers.
Different analysis analysts additionally lately issued analysis stories in regards to the firm. Credit score Suisse Group raised Banco Santander from a “impartial” score to an “outperform” score and elevated their worth goal for the corporate from $3.30 to $4.00 in a report on Friday, April 1st. Royal Financial institution of Canada elevated their goal worth on Banco Santander from €2.90 ($2.93) to €3.00 ($3.03) and gave the inventory a “sector carry out” score in a report on Friday, April twenty ninth. Societe Generale elevated their goal worth on Banco Santander from €4.00 ($4.04) to €4.10 ($4.14) and gave the inventory a “purchase” score in a report on Thursday, April twenty eighth. Jefferies Monetary Group raised Banco Santander from a “maintain” score to a “purchase” score in a report on Monday, March twenty first. Lastly, Morgan Stanley elevated their goal worth on Banco Santander from €4.20 ($4.24) to €4.30 ($4.34) in a report on Wednesday, June twenty ninth. Six funding analysts have rated the inventory with a maintain score and eight have given a purchase score to the corporate’s inventory. In line with MarketBeat, the inventory presently has a mean score of “Reasonable Purchase” and a consensus goal worth of $3.81.
Institutional Buying and selling of Banco Santander
Giant traders have lately added to or lowered their stakes within the enterprise. West Bancorporation Inc. acquired a brand new stake in Banco Santander within the 4th quarter valued at roughly $25,000. CWM LLC elevated its place in Banco Santander by 120.1% within the 1st quarter. CWM LLC now owns 9,970 shares of the financial institution’s inventory valued at $34,000 after buying a further 5,441 shares in the course of the interval. Ieq Capital LLC acquired a brand new place in shares of Banco Santander in the course of the 1st quarter valued at $35,000. Avantax Advisory Providers Inc. acquired a brand new place in shares of Banco Santander in the course of the 1st quarter valued at $35,000. Lastly, Cetera Funding Advisers acquired a brand new place in shares of Banco Santander in the course of the 1st quarter valued at $35,000. 8.34% of the inventory is presently owned by institutional traders and hedge funds.
Banco Santander Buying and selling Down 3.9 %
The corporate has a market capitalization of $42.31 billion, a price-to-earnings ratio of 4.28 and a beta of 1.29. The agency has a 50-day shifting common worth of $2.85 and a 200-day shifting common worth of $3.21.
Banco Santander (NYSE:SAN – Get Score) final issued its quarterly earnings outcomes on Tuesday, April twenty sixth. The financial institution reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. Banco Santander had a return on fairness of 9.25% and a internet margin of 19.12%. The corporate had income of $13.81 billion for the quarter, in comparison with analysts’ expectations of $13.31 billion. Equities analysis analysts predict that Banco Santander, S.A. will submit 0.56 EPS for the present fiscal yr.
About Banco Santander
Banco Santander, SA supplies varied retail and industrial banking services and products to people, small and medium-sized enterprises, and huge firms worldwide. It provides demand and time deposits, and present and financial savings accounts; mortgages, client finance, syndicated company loans, structured financing, money administration, export and company finance, commerce and dealing capital options, and company finance; and insurance coverage merchandise.
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