Banco Santander (NYSE:SAN) Shares Gap Down – What’s Next?

Banco Santander, S.A. (NYSE:SAN) shares gapped down before the market opened on Tuesday . The stock had previously closed at $4.88, but opened at $4.71. Banco Santander shares last traded at $4.68, with a volume of 603,361 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. UBS Group upgraded Banco Santander from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 4th. Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 26th. Finally, StockNews.com raised shares of Banco Santander from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th.

Banco Santander Stock Performance

The stock has a market capitalization of $72.48 billion, a PE ratio of 5.73, a P/E/G ratio of 0.46 and a beta of 1.12. The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.23 and a current ratio of 0.33. The firm has a 50 day moving average of $4.83 and a 200-day moving average of $4.83.

Banco Santander Cuts Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, November 6th. Investors of record on Thursday, October 31st were given a dividend of $0.08 per share. This represents a yield of 3%. The ex-dividend date of this dividend was Thursday, October 31st. Banco Santander’s payout ratio is presently 18.75%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SAN. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Banco Santander by 22.1% during the second quarter. B. Riley Wealth Advisors Inc. now owns 12,722 shares of the bank’s stock worth $59,000 after buying an additional 2,303 shares during the last quarter. Atomi Financial Group Inc. raised its stake in shares of Banco Santander by 1.6% in the third quarter. Atomi Financial Group Inc. now owns 151,930 shares of the bank’s stock valued at $775,000 after acquiring an additional 2,392 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in Banco Santander by 4.4% in the second quarter. Sivia Capital Partners LLC now owns 58,130 shares of the bank’s stock worth $269,000 after purchasing an additional 2,433 shares in the last quarter. Aprio Wealth Management LLC grew its holdings in Banco Santander by 12.4% during the 3rd quarter. Aprio Wealth Management LLC now owns 25,187 shares of the bank’s stock worth $128,000 after acquiring an additional 2,782 shares during the last quarter. Finally, HBK Sorce Advisory LLC increased its holdings in shares of Banco Santander by 22.4% in the second quarter. HBK Sorce Advisory LLC now owns 15,363 shares of the bank’s stock valued at $71,000 after purchasing an additional 2,813 shares in the last quarter. Hedge funds and other institutional investors 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.