Banco Santander S.A. (NYSE: SAN) Seen Running Too Hot, Let’s Look At This More Closely


    Fisher Asset Management LLC recently announced the acquisition of new stake in Banco Santander S.A. (NYSE:SAN). The institutional investor has increased its shareholding in the Financial company by 3.90% to 118.69 million shares with purchase of 4.45 million shares. This fresh investment now brings its stake to 0.71% valued currently at $250.44 million. In addition, Lazard Asset Management LLC raised its holdings by 17.91 million to 17.91 million shares. And Mondrian Investment Partners Ltd. has lifted its position by 0.79% or 0.11 million shares – to 14.17 million shares.

    With over 11.18 million Banco Santander S.A. (SAN) shares trading Monday and a closing price of $2.23 on the day, the dollar volume was approximately $24.93 million. The shares have shown a positive weekly performance of 0.45% and its price on 08/31/20 lost nearly -3.88%. Currently, there are 16.60B common shares owned by the public and among those 16.38B shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 25 analysts who have offered their price forecasts for SAN have a consensus price objective of $2.92. The analysts have set the share’s price value over the next 12 months at a high of $3.80 and a low of $2.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Banco Santander S.A. stock is 4.00 for the next 12 months. The average price target is 41.47% above its last price level and an upside to the estimated low will see the stock lose -11.5% over that period. But an upside of 41.32% will see the stock hit the forecast high price target while mean target price for the stock is $2.94.

    The top 3 mutual fund holders in Banco Santander S.A. are SPDR S&P Kensho New Economies Com, DFA International Core Equity Por, and SIMT Tax Managed Large Cap Fund. SPDR S&P Kensho New Economies Com owns 2.59 million shares of the company’s stock, all valued at over $5.47 million. DFA International Core Equity Por sold -0.1 million shares to see its total holdings shrink to 2.31 million shares valued at over $4.87 million and representing 0.01% of the shares outstanding. SIMT Tax Managed Large Cap Fund bought 1.5 million shares to bring its total holdings to over 1.91 million shares at a value of $4.03 million. SIMT Tax Managed Large Cap Fund now owns shares totaling to 0.01% of the shares outstanding.

    Shares of Banco Santander S.A. (NYSE: SAN) opened at $2.27, down -$0.05 from a prior closing price of $2.32. However, the script later closed the day at $2.23, down -3.88%. The company’s stock has a 5-day price change of 0.45% and -7.47% over the past three months. SAN shares are trading -46.14% year to date (YTD), with the 12-month market performance down to -40.53% lower. It has a 12-month low price of $1.90 and touched a high of $4.42 over the same period. Currently, 11.18 million shares have been traded, compared to an average intraday trading volume of 8.97 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.11%, -5.31%, and -25.12% respectively.

    Institutional ownership of Banco Santander S.A. (NYSE: SAN) shares accounts for 1.70% of the company’s 16.60B shares outstanding. Mutual fund holders own 0.08%, while other institutional holders and individual stakeholders account for 1.50% and — respectively.

    It has a market capitalization of $35.87B and a beta (3y monthly) value of 1.04. The earnings-per-share (ttm) stands at -$0.53. The company has a debt-to-equity ratio at 3.15. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.34% over the week and 2.53% over the month.

    Analysts forecast that Banco Santander S.A. (SAN) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for Next Year. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Earnings per share for the fiscal year are expected to decrease by -17.80%, and 23.81% over the next financial year. EPS should grow at an annualized rate of 6.37% over the next five years, compared to -3.50% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 25 brokerage firm advisors rate Banco Santander S.A. (SAN) as a “Moderate Sell” at a consensus score of 4.00. Specifically, 9 Wall Street analysts polled rate the stock as a buy, while 9 of the 25 advise that investors “hold,” and 4 rated it as a “Sell.”

    Looking at the support for the SAN, a number of firms have released research notes about the stock. BofA Securities stated their Underperform rating for the stock in a research note on July 21, 2020, with the firm’s price target at. Credit Suisse coverage for the Banco Santander S.A. (SAN) stock in a research note released on June 18, 2020 offered a Neutral rating with a price target of. HSBC Securities was of a view on May 13, 2020 that the stock is Hold, while UBS gave the stock Buy rating on January 23, 2020, issuing a price target of. Deutsche Bank on their part issued Hold rating on December 11, 2019.


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