Saturday, June 25, 2022

A Guide To The Risks Of Investing In Banco Santander S.A. (SAN)

Credit Suisse upgraded its Banco Santander S.A. [SAN] rating to an Outperform from a a Neutral in a research note published on Tuesday. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in late March with a ‘”a Buy”‘ rating. Jefferies also remained covering SAN and has increased its forecast on March 21, 2022 with a “Buy” recommendation from previously “Hold” rating.


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Price Performance Review of SAN

On Tuesday, Banco Santander S.A. [NYSE:SAN] saw its stock jump 2.84% to $2.90. On the same session, the stock had its day’s lowest price of $2.89, but rose to a high of $2.96. Over the last five days, the stock has gained 6.62%. Banco Santander S.A. shares have fallen nearly -11.85% since the year began. Nevertheless, the stocks have fallen -26.77% over the past one year. While a 52-week high of $4.06 was reached on 02/10/22, a 52-week low of $2.66 was recorded on 06/14/22. SMA at 50 days reached $3.04, while 200 days put it at $3.40. A total of 6.49 million shares were traded, compared to the trading of 9.09 million shares in the previous session.

Levels Of Support And Resistance For SAN Stock

The 24-hour chart illustrates a support level at 2.87, which if violated will result in even more drops to 2.85. On the upside, there is a resistance level at 2.94. A further resistance level may holdings at 2.99. The Relative Strength Index (RSI) on the 14-day chart is 46.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.62%. Stochastics %K at 32.18% indicates the stock is a holding.

Banco Santander S.A. [SAN] – Who Are The Largest Shareholders?

In filings from Fisher Asset Management LLC, it is revealed that the company now owns 137,921,918 shares, or roughly 0.81% of the outstanding SAN shares. In other words, the investor’s shares have risen by 8,161,294 from its previous 13-F filing of 129760624.0. Additionally, Macquarie Investment Management B increased 5.51% of its stake after which the total value it holdings stand at $62,797,233, while Mondrian Investment Partners Ltd. added 7.02% of its stake to hold $53.91 million in the firm. Over the last quarter, Lazard Asset Management LLC sold -162,838 shares of Banco Santander S.A., while Parametric Portfolio Associates L sold 1,300,685 shares. At present, Goldman Sachs Asset Management LP is holding 13,533,284 shares valued at $43.44 million. Arrowstreet Capital LP owned 10,708,245 shares of the company at the time of its most recent 13F filing, worth $34.37 million.

According to FactSet, Banco Santander S.A.’s share price will average $4.40 in the next year, based on opinions of analysts polled by the firm. This is up nearly 58.51 percent from its previous closing price of $2.82. Analysts expect Banco Santander S.A. stock to reach the higher price of $5.64, while the lowest price estimate is $3.18. However, 21 analysts have rated SAN stock as an Overweight in their predictions for 2022.

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