Banco Santander (NYSE:SAN) Hits New 52-Week High – Should You Buy?

Banco Santander, S.A. (NYSE:SAN) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $13.07 and last traded at $13.0450, with a volume of 3061082 shares traded. The stock had previously closed at $12.75.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SAN shares. Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Santander in a report on Wednesday, January 21st. The Goldman Sachs Group downgraded Banco Santander from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, October 16th. DZ Bank lowered shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 18th. Kepler Capital Markets raised shares of Banco Santander from a “hold” rating to a “buy” rating in a research note on Tuesday, January 13th. Finally, Barclays cut shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Banco Santander Price Performance

The business has a 50-day moving average of $11.77 and a 200-day moving average of $10.48. The company has a market capitalization of $194.18 billion, a P/E ratio of 13.88, a P/E/G ratio of 0.76 and a beta of 0.73.

Institutional Trading of Banco Santander

Institutional investors have recently added to or reduced their stakes in the company. Richardson Financial Services Inc. bought a new position in shares of Banco Santander during the second quarter valued at approximately $25,000. Root Financial Partners LLC purchased a new position in Banco Santander during the 3rd quarter valued at $25,000. True Wealth Design LLC purchased a new stake in Banco Santander in the third quarter worth $27,000. Westside Investment Management Inc. bought a new stake in shares of Banco Santander during the second quarter worth $30,000. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of Banco Santander during the second quarter worth $30,000. Institutional investors own 9.19% of the company’s stock.

About Banco Santander

Banco Santander, SA (NYSE: SAN) is a Spanish multinational banking group headquartered in Santander, Spain. Founded in 1857, the bank has grown from a regional institution into one of Europe’s largest banking groups, operating a diversified financial services platform that serves retail, small and medium-sized enterprises, and large corporate clients. Santander is publicly listed in Spain and maintains American Depositary Receipts on the New York Stock Exchange under the ticker SAN.

The group’s core activities include retail and commercial banking—offering deposit accounts, payment services, mortgages, personal and auto loans, and small business financing—alongside corporate and investment banking services for larger institutional clients.